Good points Curiouswon, and I'll add a few comments. Firstly, I...

Good points Curiouswon, and I'll add a few comments.

Firstly, I was surprised the vote was so close. It means that some of the big holders must have supported PanAust. So it looks like the big players are split and the newly returned Board of Directors should not be complacent - these big players will be watching and they have given notice.

Secondly, at the meeting HIG was praised for its history of not issuing share options to raise capital. But as a result, HIG has diluted its share in JVs. We can witness the problems that have occurred at Frieda, where we are a 20% share in a JV with a big troublesome partner. Furthermore, the meeting was told that HIG is now looking to partially selling off assets and buying assets to provide cashflow. But every small cap mining company is trying to do exactly the same thing. They are all responding to the prolonged downturn in commodity prices (except for prices of cobalt and other metals used in rechargable batteries). My opinion is that HIG needs to either issue share options to raise capital to fund the development of its assets, or split off Frieda and offer it to HIG shareholders (at a discount) and other investors. My reasoning is based on record low interest rates and the ability of shareholders to either borrow money or use savings to invest in small cap miners . In comparison, HIG and other small cap miners are unable to borrow, even though they have excellent assets. In effect, the modern era of low interest rates is a game changer which Directors should take advantage of. In effect, HIG shareholders should be given the opportunity to provide the capital for developing the Frieda asset, Sewa asset, or whatever high quality asset the Directors are targeting for purchase.