Hillgrove Resources - ab jetzt aufwärts :-) (Seite 7)

[Barnin-Man]

Der Munro Family Super Fund (MFSF) ist immer nioch am Aufstocken, im letzten Monat von 7,2 % auf 8,5%. Nicht unbedingt ein schlechtes Zeichen.

[Barnin-Man]

Kanmantoo copper mine operator Hillgrove Resources releases half-yearly results, says future looks bright

https://www.murrayvalleystandard.com.au/story/5614412/future…


Mining at Kanmantoo is due to finish a year from now, but operators Hillgrove Resources hope that year will be profitable enough to allow it to move on to other projects nearby.

The company's half-yearly results, released last Thursday, painted a positive picture of the state of the mine.

Gone were the financial woes of previous years, as miners were currently digging up the good stuff: the purest, highest-grade copper ore, made accessible by the completion of a cut-back in the mine's main pit.

Because the mine's milling machinery was able to process the high-grade ore first, the company was able to make more money, sooner.

In the first six months of this year, Hillgrove produced almost 10,800 tonnes of copper – with a value of almost $9000 per tonne – and more than 3800 ounces of gold, both figures dramatically greater than in the same period last year.

It made a profit of $13.9 million over the six-month period.

In a statement, the company said it planned to use its cash to pay debts, reward shareholders and – most importantly for the local workforce – explore three major projects which could keep it busy after mining ceased in mid-2019 and processing followed sometime in 2020.

Surveying of the Kanmantoo mine site, where mining could continue underground, has been completed.

Drilling is scheduled for next month at a site called Kanappa, near Sanderston, which Hillgrove hopes to develop into a new copper mine.

A shortlist of bidders interested in turning the pit at Kanmantoo into a pumped hydroelectric storage facility will be selected within months.

Chief executive officer Steven McClare said a turnaround was underway.

"Our growth trajectory continues to build and is strongly supported by these results, driving our momentum into the second half of 2018," he said.

[Barnin-Man]

RESULTS FOR THE HALF YEAR ENDED 30 JUNE 2018

HIGHLIGHTS
- 10,764t of copper (up 51% H1 2017: 7,119t) and 3,812oz of gold (up 76% H1 2017: 2,160oz) produced in concentrate.
- Total ore mined of 3.5 million tonnes, an increase of 84% from the corresponding prior period.
- The increase in ore mined has led to a substantial increase in ore stockpiles, enabling the mill to
preferentially treat higher grades (up 57% H1 2018 0.72% compared to H1 2017 0.46%).
- A15.4% reduction in C1 unit costs, dropping from US$2.40/lb to US$2.03 in the current period.

HALF YEAR FINANCIAL PERFORMANCE
- Underlying EBITDA of $22.7m was up 184% from the corresponding half year, following the completion of the Giant Pit cutback.
- Net concentrate revenue of $86.9 million was up 57% at an average cash realised copper price of A$8,984/t (June 2017: A$7,519/t).
- A statutory profit after tax of $13.9 million was up 275% (June 2017: a loss of $8.0 million).
- Improved balance sheet - total liabilities have decreased by $14.3 million since 31 December 2017.


Hillgrove Resources: 0,08 A$ (im Bid)
und Korrektur für Beitrag vom 10.08: 0,089 A$
High Grade Copper: 2,65 US$
Kupfer Future: 6010$

[Barnin-Man]

Top fund names 3 tiny microcap stocks with big catalysts for FY19

https://thecapitalclub.com.au/2018/07/16/top-fund-names-3-ti…

In its April report, The Supervised Fund said tiny copper producer Hillgrove Resources could generate $104m in free cash to equity holders by September 2020.

Since then, the Hillgrove Resources share price has fallen to 7.5 cents, giving it a market value of $43 million.

The Supervised Fund says from the December quarter of 2018, the company will begin to generate substantial free cash flow for equity holders, in the order of $8 to $11 million per quarter. This should allow Hillgrove to pay its first fully franked dividend since 2009.

Once it starts distributing cash to shareholders, the fund says Hillgrove should attract a market rerating.

Additionally, the fund says Hillgrove is currently marketing its proposed pumped hydroelectric energy storage system. If there are any interested parties, this could be worth up to $50 million. The fund is also expecting the results of two exploration programs in late 2019, which could extend the company’s mine life well beyond its current two years.

Hillgrove Resources is another high conviction position in The Supervised Fund, making up 12 per cent of the portfolio.

Hillgrove Resources: 0,89 A$
High Grade Copper: 2,74
Kupfer Future: 6198

[Barnin-Man]

Schwer zu finden

wie das Gold,

z.B. Kanmantoo: 5m @32,3g/t AU
z.B. Mt. Rhine: Peak rock chips of 13% Cu 49,8 g/t AU
z.B. Kanappa: Peak rock chips of 34% Cu 4,0 g/t AU

https://www.asx.com.au/asx/statistics/displayAnnouncement.do…

Der Kupferpreis ist ja leider ein wenig zurückgegangen. auf 2,98 US$, aber das sollte im Moment kein Problem sein.

[Barnin-Man]

und der Kupfer-Preis ist bei 3,25$ und kein Ende des Höhenflugs in Sicht

HV- Präsentation verfügbar unter...

http://www.hillgroveresources.com.au/article/ASX_Releases/AS…

hier nur einige der Higlights:

- Cash flow from operations
- Potential to pay fully franked dividends
- Able to use tax losses to offset future profits

Das wird eine meiner Lieblings-Aktien . Kurs bei 0,88 AUS$

[Barnin-Man]

Halbjahresergebniss sind draussen. Ich bin dabei :-)

Brief explanation of results
A net loss after tax of $9,554,000 is reported by the Group for the half year (30 June 2016: loss of $102,694,000).
Refer to the directors’ report, financial statements and supporting notes in the attached Interim Report for the half year ended 30 June 2017 for additional detail.