Going underground??, page-6

Personally I would prefer that Hillgrove dismiss the idea of the PHES and puts its head down to extend the life of mine.  PHES is a distraction.

Based on data that has been reported to the market, there is significant upside to be had in extending the life of mine.  Approvals are in place to do this.  There is plenty of time to transition and keep things rolling.  There is significant money to be made by doing this now.

At present, Hillgrove is in an extremely vulnerable position and Hillgrove only has itself to blame.  My major concern at the moment is the real risk that Hillgrove will receive a low ball takeover at 14 cents.  If the life of mine is extended by ten years then the value of Hillgrove is likely to significantly increase to perhaps over 60 cents (maybe more).  

I am very concerned that drilling results have not been reported to market.  It is unacceptable that they wait until their next quarterly to provide the drilling results.  Reporting the drilling results would send a clear message to the market that there is value in Kanmantoo and that would also allow any low ball takeover offer to be defended in the interests of shareholders.

I can understand that many things at the moment are commercial in confidence however this also needs to viewed against the duties of a director to keep the market fully informed.

I do believe the decision to mine will be made by February 2019 as this is what has been said in market.

Happy new year to all.

Ducky.