HGO 1.79% 5.5¢ hillgrove resources limited

Hi K 67, Yes, I liked that too. There was some very positive...

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  1. 548 Posts.
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    Hi K 67,

    Yes, I liked that too.
    There was some very positive language in the report which, of course, needs to be action-ed /attained to have meaning. - obviously much HAS already been achieved.
    I particularly liked this bit from the MD  /Chairman's report -


    "From mid-2017 when the Giant Pit
    cutback is scheduled to be completed
    and free cash is being generated, the
    creditors will be reduced and near mine
    exploration targets capable of supplying
    existing assets will be prioritised.
    The Board is determined to ensure
    that any future growth or life extensions
    must deliver value for shareholders over
    and above the base case of returning
    otherwise invested cash to shareholders.
    To this end, the Company will undertake
    a measured exploration programme
    which will aim to extend mine life
    through near mine extensions and or
    regional exploration targets ."

    Most long termers will be counting on that !!

    cheers
 
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