Dogon, hi, Please clarify your statement above. It implies HIG...

Dogon, hi,

Please clarify your statement above.

It implies HIG will need to borrow to pay for streaming buyback.

please take a close look at the presentation, slide 4 and 5.


Private placement to Cobalt27 at A10.5c per share, raising A$15 million

• Funds raised expected to be used to purchase an interest in the streaming agreement, allowing Highlands to retain increased exposure to rising metal prices.

Highlands retains right to acquire US$15 million (13.27%) interest in streaming agreement (for 90 days from close)

• If exercised, Cobalt27 would take 47.7% of Co and 23.9% of Ni entitlement from Ramu

• Cobalt27 pursuing equivalent streaming arrangement with MRDC.


All good,

GLTAH