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1.64% 6.2¢ hillgrove resources limited

I make it at least 40c. Take into account 168.5m additional...

  1. Opportunist
    62 Posts.
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    03/07/09
    14:13
    Post #: 5354666
    I make it at least 40c. Take into account 168.5m additional shares from bondholders my sums are as follows:

    Cash 184m
    PPE 50m
    Debt nil (conv to shares)
    Net 234m / 581m shares = 40cents / share

    - no ESG upside
    - no working mine upside
    - no PNG upside


    This is money for jam once everyone is fully informed.
    HGO Price at posting: 24.0¢ Sentiment: ST Buy Disclosure: Held
    Likes Created with Sketch.  Upvote
    lightbulb Created with Sketch.  Great analysis
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6.2¢ 		Change
0.001(1.64%) 		Mkt cap ! $129.9M
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6.1¢ 6.3¢ 6.1¢ $87.25K 1.401M

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