HGO 1.79% 5.5¢ hillgrove resources limited

$70,000,000 Seed Capital-Cut Back, page-2

  1. S&S
    19 Posts.
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    I'm not sure what $70m you are talking about? Creditors and debt were used to the sum of around $30m Total to fund the remaining $70m cutback post loan having to be paid.

    We have been repeatedly told that this should all be paid back within 2018. If we are in the middle of guidance .......... we still seem to be tracking ok, looking at the first half results. So I anticipate that creditors and debt will be $20-25m at year end and if things go well hopefully maybe even a little cash.

    Either way the tick from the auditors in mid year, after the previous reports being a cross made me think we are progressing well!
 
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