Home' The Mt Barker Courier : The Courier - 2016-07-13 Contents PAGE 36 – The Courier Wednesday, July 13, 2016
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renegotiated its finances to
free up cash and keep the
Earlier this month it announced
a “successful balance sheet
restructure”, including a $4m loan
from the State Government.
The loan from the South
Australian Finance Authority,
repayable by early 2018, will be
used as working capital but the
money won’t be available until
transactions with external lenders
announced cash flow shortfalls
was not being able to access the
company’s existing hedging or its
restricted cash,” Hillgrove chief
executive Steve McClare said in an
Australian Stock Exchange (ASX)
“The company has reached an
in-principle restructure agreement
with its financiers and the SA
Government which will now allow
it to access these funds.”
There was a halt on trading
when Hillgrove made the ASX
Low commodity prices and lower
than forecast returns while miners
dig down into the lucrative main
ore body have caused cash flow
problems in the past 18 months.
Besides renegotiating its finances,
Hillgrove has also restructured
costs at the mine.
Restructure keeps mine open
By Rhody Gleeson
Heroes of all shapes and sizes will fill
classrooms around the country later
this month as schools celebrate My Hero
Day to help fund much needed research
into bone marrow disorders.
The brains behind the national campaign
belong to Stirling woman Jessica Bond who
founded the Captain Courageous Foundation
inspired by her own son’s struggle against a
At just eight weeks of age Angus Bond was
diagnosed with diamond blackfan anemia,
a disease so uncommon it affects only 800
people worldwide or one in every seven
million newborn babies.
Monthly blood transfusions have become
part of the routine for eight-year-old Angus
who recently completed his 118th treatment,
a process he refered to as his “bandage
blood” due to the large bandages required to
keep everything in place over the five-hour
My Hero Day will be held across schools
on July 29 with Mrs Bond hoping to raise
$50,000 to help fund further research.
“It’s a day where kids are encouraged to
come dressed as their own personal hero and
bring a gold coin donation to help support
our research,” she said.
Adults are also able to get involved by
donating blood as winter puts a strain on
blood reserves with donors suffering from
colds and the flu.
“Up to 10,000 donors around the
country cancel each week during winter
so maintaining those donations is just
so crucial not only for Angus but people
everywhere who need blood,” Mrs Bond said.
Ironically the nature of Angus’ condition
means blood donated by close family
members could make him even sicker so
none of the Bond family members are able
to donate blood at all.
“It is quite frustrating when you aren’t
able to help by donating yourself but it has
driven me to encourage even more donors to
give blood in my place,” Mrs Bond said.
Strength to strength
The Captain Courageous Foundation has
gone from strength to strength in recent
years with close to $2.5m raised to fund
The foundation’s chief research scientist,
Prof Ross Hannan, said the research made
possible through the Bond’s fundraising
could yield results sooner than expected
with the possibility of clinical trials starting
as soon as 2018.
“We are confident that the findings from
our studies will really make a difference to
patients and their families,” he said.
set to be
to develop land beside
the heritage listed
Duxton Offices build-
ing in Stirling are
likely to be approved
by the Adelaide Hills
With the majority of
panel members signal-
ling their support at last
week’s DAP meeting, the
application for a two-
storey building compris-
ing offices and consult-
ing rooms at 7 Pomona
Road was deferred to
Last week’s applica-
tion included the third
set of plans for the site
put before the panel in
about nine months.
The first plans for a
24-hour gym and offices
were knocked back by
the council’s DAP late
last year. A decision
that is the subject of
an appeal in the Envi-
ronment Resources and
Amended plans for
offices and a smaller,
limited hours gym – put
forward as a compromise
as part of court negotia-
tions – were refused by
the panel in May.
A third set of plans
has been put forward as
a separate application
with the council already
agreeing to vary a land
Stirling District Resi-
dents Association public
officer John Hill, speak-
ing on behalf of several
of eight objecting neigh-
bors, said only minimal
changes had been made
to what was essentially
a large building “in
the context of Stirling”
with a balcony that
MY LITTLE HERO
About $335,000 worth of road upgrades
have been completed in Callington.
The Mt Barker Council finished the township
road reconstruction and sealing project last month.
The works began in May and included
bitumising all unsealed roads in the town.
The project was funded by a $1.2m Federal
Government Roads to Recovery grant.
The council will use the remaining funds to
rehabilitate and seal roads in other towns over
the next three years.
Stirling mother Jessica Bond with son, Angus, dressed in his ‘Captain Courageous’ outfit ahead
of My Hero Day which will raise funds for research into a rare bone marrow disorder.
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