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5.4¢ hillgrove resources limited

VYR good analysis VYR. one small matter - I don't think that...

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curiouswon

1,894 Posts.

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29/08/18

14:48

Post #: 35267462
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Originally posted by VYR ↑

I wonder why they are spending so much racing through the final stage of mining and building huge stockpiles for over a years production. I guess though criticising based on limited facts is probably frought with danger.

I don't personally have a problem with repaying the creditors including staff ASAP as they were very supportive when the company went through the near death experience.

"Just in time" is a good cash management unitive if things do happen in time but it is a bit frustating for us sitting on the sidelines.

One can only hope that delaying drilling until the Sept Quarter as forecast( presumably because of cash constraints) will allow a smooth transition from the current mine plan to the next one.

Given what seems to be close to the surface in trenches and popping out of the ground it seems we may be sitting on a huge resource as yet undefined.

I love dreaming.

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VYR
good analysis VYR.
one small matter - I don't think that they are "racing through the final stage of mining" rather that the strip ratio has dropped dramatically as they approach bottom of pit, so very low ratio of overburden being moved compared to ore being moved (ie relatively more ore per unit expenditure)

HGO Price at posting: 9.0¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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