Ann: Highlands Placement and Ramu Refinancing, page-4

Morning Guys,

Another important, but indirect implication of this, is that it puts HIG on a much sounder footing in regards to the ongoing tussle with the JV partner over Freida River.

HIG is no longer a cash starved junior with it's back against the wall.

Both Chinese JV partners have missed the opportunity to TO HIG on the cheap and carve up the assets.

I wonder if Cobalt 27 has an eye on Sewa Bay too.

Nice work HIG management.

Cheers
John