HFR 0.00% 33.0¢ highfield resources limited

Ann: Trading Halt, page-8

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 429 Posts.
    lightbulb Created with Sketch. 602

    In hindsight they were extremely passive in register and broker engagement, probably thinking the right announcement would break the SP loose. Unfortunately and contrary to what I thought, the mining concession was not that announcement and their passive approached has backfired resulting in a very poor outcome for existing shareholders. Only positive is it's only 10% of the company and gives $30m for Crookes and co to get themselves and the project moving.

    $100m raised at $1.80 ~ 2016
    $100m spent to get a concession over 5 years
    $19m raised at $0.52 ~ 2021

    Peter Albert's has a lot to answer for in my mind. Optics are awful on his watch!

    Still well advanced project, with cracking financial metrics in a a resource I think will continue to perform well over the coming decades.
 
watchlist Created with Sketch. Add HFR (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.