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1.79%

5.5¢ hillgrove resources limited

Ann: Successful Completion of Cash Management Initiatives, page-9

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30/03/17

13:00

Post #: 23738691
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Originally posted by webzone10 ↑

Copper price is showing more strength over the past few days. $US2.66lb.

Using the last report for Baillieu Holst, with a forecast copper price for 2018 of $US2.57/lb and AUD/USD of 0.72, they have forecast Hillgrove will produce surplus cashflow of $90m in 2018 and a similar level in 2019.

So $180m in surplus cash in 2 years versus a market cap of $18m.

Since the time of the report (12 months ago) HGO has reduced debt and cut costs. AUD is a little stronger than their forecast but Copper and Gold price is also stronger. Would be great to get an update from Baillieu Holst.

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Webzone,

After reading your post, I thought of the HGO chart I posted last Jan...exciting times ahead.

HGO Price at posting: 8.4¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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(20min delay)
Last 5.5¢		Change -0.001(1.79%)		Mkt cap ! $108.9M

Open	High	Low	Value	Volume
5.5¢	5.6¢	5.5¢	$58.83K	1.068M

Buyers (Bids)

No.	Vol.	Price($)
4	260464	5.5¢

Sellers (Offers)

Price($)	Vol.	No.
5.6¢	1299265	2

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 - 15.57pm 26/11/2024 (20 minute delay)

HGO (ASX) Chart