HIG is about to undergo transformational change this weekend with the financial profile about to get a major boost from Cobalt27 who will pay $113 million US leaving HIG debt free and also increase their holding of the $2 Billion RAMU Nickel and Cobalt plant to 11.3%. Cobalt27 will share in the cash-flow from HIG in a fair deal and also expose HIG to the global stage. HIG will benefit greatly from this global exposure to the EV market.
This will effectively increase their access to cash-flow from RAMU by 32%. HIG and Cobalt27 have formed a strategic streaming partnership that can only be good for both parties in the long-term. HIG will also use $15M raised through private placement to buyback a slice of the increased streaming cash-flow from Cobalt27.
Another boost to HIG will come from discussions between the PNG government and the Chinese government regarding the development of FRIEDA RIVER project which will boost infrastructure spending in PNG and benefit many local people. HIG are committed to PNG long-term, FRIEDA will go ahead and be a great boost for PNG.
HIG still has two more aces up their sleeves with SEWA BAY massive Nickel project and STAR MOUNTAINS a sister project to FRIEDA.
No wonder HIG is valued at 33 cents atm by the experts. I think it is worth $6 based on known resource base.
GLTAH
HIG Price at posting:
13.0¢ Sentiment: Buy Disclosure: Held
