HGO

1.75%

5.8¢ hillgrove resources limited

Thanks grussellt, that explains it. Look to be tracking pretty...

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31/07/18

12:06

Post #: 34643668
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Originally posted by grussellt ↑

Have a look at page 25 of the 2017 AR where C1 costs are described as $US1.65-1.80 excluding the reallocation of deferred mining costs...........and this would be more reflective of cash costs. Of course you also need to allow for inventory build-up which has gone from 0.5m tonnes (worth $7m) to 2.3m tonnes (worth over $30m ?) in the last 6 months.
A quick analysis of 2017 (page 22 of AR) shows revenue of $127.1m and total cash costs of $110.9m (after a credit of $15.9m for pre-strip and deferral). In 2018 revenue is already $96.9m which shows the extent of the likely turnaround in cash flow.
The half year result will make it easier to forecast the cash flow for 2018 but it will be substantial.

If you don't get a call back from the MD then try some of the staff at HGO.

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Thanks grussellt, that explains it. Look to be tracking pretty well, especially given the interruptions to processing in May. That's some sweet action on the inventory build-up!

HGO Price at posting: 8.7¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 5.8¢		Change 0.001(1.75%)		Mkt cap ! $108.9M

Open	High	Low	Value	Volume
5.7¢	5.8¢	5.7¢	$40.88K	712.2K

Buyers (Bids)

No.	Vol.	Price($)
5	637837	5.7¢

Sellers (Offers)

Price($)	Vol.	No.
5.8¢	431267	5

View Market Depth

No.	Vol.	Price($)
1	49767	0.080
2	230000	0.079
2	136415	0.078
1	97825	0.077
2	600000	0.075

Price($)	Vol.	No.
0.083	137770	2
0.084	288879	3
0.085	2009000	2
0.089	229500	1
0.090	76002	3

Last trade - 15.34pm 22/11/2024 (20 minute delay)

HGO (ASX) Chart

Thanks grussellt, that explains it. Look to be tracking pretty...

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Thanks grussellt, that explains it. Look to be tracking pretty...

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