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Business Description: Hillgrove Resources Limited (HGO) is an Australian mining company focusing on the operation of the Kanmantoo Copper Mine in South Australia. HGO also conduct exploration activities in its Indonesian tenements targeting epithermal gold and porphyry copper/gold.
Strategy Analysis: HGO wishes to continue the development of its portfolio with the intention of becoming a successful medium size diversified resources company. The key assets in which HGO wishes to develop include; their investment in Eastern Star Gas Limited, growing a suite of near term production resource assets and two exploration projects in Indonesia.
Hillgrove Resources reported negative cash flow of $5.05m for quarter ended 31 January 2013. Operating cash flow for the period was $(1.11m). Payments for exploration and evaluation were $(2.03m). Investing cash flow was $(1.83m). Financing cash flow was $(2.11m). Cash in hand at the end of the quarter was $27.4m.
The Age 18/05/2013 |
As Australia's major retailers increase their online sales channels, pouring millions into their websites, they could face new competition from China's booming e-commerce industry.
The Age 18/05/2013 |
Most of those who take a political approach to the budget assume that if it's in deficit, the way you get it back to surplus is to cut government spending or, if you're a really bad person, increase taxes. They forget it's the budget itself that's supposed to do the heavy lifting.
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