It all sounds and looks good. One thing that puzzles me is that by ARA terms, the return they will get is pretty small if you consider the years they have held the HGO investment. If HGO turns out to be worth 15-20 cps over the next year, ARA will be sitting pretty. but it would be hard to sell a substantial stake of 26%. Think they will find it hard to exit HGO.
I think the posts by VYR are very interesting, and he or she has very good ideas on what may happen with HGO.
Ann: Change in Substantial Shareholder Notice, page-6
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