Hard to buy until the current impasse at Ramu is settled or until Xstrata says they will progress from a pre-feasibily study to a feasibility study at Frieda which hopefully will be in September. Will there ever be any drilling news from their Star Mountains program? - it seems like it is taking forever. And with PM Michael Somare likely to be toppled from power by November, politics in PNG might be entering a period of instability.
HIG Price at posting:
24.0¢ Sentiment: Hold Disclosure: Held