From what I can research online, Freehill Mining Limited took over the shell of Iatia Limited sometime in late 2015 and from what it looks like, was given an ASX code of FHM to try and list. Then i can only assume due to some ASX regulation changes and ASIC concerns on the initial prospectus, the company had to seek shareholder approval for a new proposal and FHM dropped off Iatia and began preparing documentation and a prospectus on listing Freehills Investments Pty Ltd. Freehill Mining Limited then entered into a share purchase and sale agreement to acquire all of the share capital of Freehill Investments and become the now listed Freehill Mining Limited (FHS). According to the prospectus,upon listing, Freehill Mining Limited will be the sole shareholder of the assets in Chile (Yerbas Buenas Spa and San Patricios Mineria SpA).
I personally couldn't care less about Iatia and how it all fits in, I'm only concerned on future FHS announcements about when drilling will commence, JORC results of what actual reserves are there and some successful production @ a profitable rate...CAPS, basically the BHP of Chile will be begging for as much material as these guys can produce with the iron ore prices continuing to grow at these rates and the quality of ore the Geoligist Report shows FHS has.
FHS Price at posting:
16.0¢ Sentiment: Buy Disclosure: Held
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