HIG highlands pacific limited

Since the special meeting one month ago there hasn't been many...

  1. 2,902 Posts.
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    Since the special meeting one month ago there hasn't been many posts by team-HIG on Hot Copper. Is this the quiet before the storm? The two recent announcements were fine. Becasue of the rising cobalt price, Ramu should be cashflow positive now. As a result the debt incurred at Ramu in 2016 will be wiped out soon and we should be starting to repay the debt incurred to build the Ramu operation. Anglo American is paying for the work by HIG at Star Mountains, so there is no real drag on expenses at that tenement. We haven't got the updates from Frieda or for Sewa Bay, but they should be coming out soon. Hopefully Sewa Bay will provide some really good news about the cobalt deposit. And hopefully the dispute with Gram over Frieda can't get any worse. It's in the hands of the Board of Directors to do what they are paid to do - sort out Frieda. (I'd buy some more shares if I had spare cash.)
 
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