bad news for shareholders, page-13

I dont get this. Why would they bother selling when Ramu is basically on the verge of producing cashflow. It isnt like the management at HIG have ideas knocking them over with choices.
The reality is that HIG will hang onto Ramu and as Ramu actually goes into production, HIG will enjoy a share price rise and this will then help them raise equity to fund any further interest in its properties.
This is good ordinary company that will provide more certainty as production commences and other good news rolls through.