From May to mid November HIG traded above 10cps, then some dumping to lower the price - and hey presto an offer of 10.5cps.
What a shell game this turned out to be. Incredibly disappointed in this management team for selling all shareholders out short. They had great prospects - and even if the cash flow wasn't immediately going to come from RAMU they had numerous other options. Giving Freda River away after all that has been done on that prospect is a stunningly poor decision... to say nothing for Star Mountains. The price is a fraction of what the revenue stream will be from Ramu. As a long time holder with a pretty reasonable parcel I will not be voting in favor of 10.5 cps with a slim chance of an extra 1 cps. Management need to declare what their incentive is for this deal? What do they walk away - or into with?
