Thanks Geo, Mt Collin was once owned by Exco. Hammer’s largest shareholder been involved with Exco and Syndicated.
Article below from SMH was from 11 years ago
“Something to crow about”MELBOURNE-based Adelaide Crows supporter Paul Clarke has ploughed back into the market some of his windfall from Exco Resources' $135 million capital return earlier this month.
Clarke's National Health Recovery Agents (Insider has no idea whether it recovers national health, or agents) turned up with a 5.5 per cent stake in Syndicated Metals.
He spent $300,000 buying more than half that stake at the beginning of this month, taking more than a third of a placement to specialist investors and some associates of the company that raised a little more than $900,000.
Clarke's NHRA had 3.62 million shares in Exco, which made a capital return and special dividend of almost 40¢, which ought to have resulted in a cheque of nearly $1.4 million to the former Adelaide lad.
Insider suspects he must be a fan of Xstrata Resources, given that much of the money Exco returned came from a deal with the international mining group - and Syndicated Metals' sit not that far from Xstrata's Mount Isa region operations.
