I beg to differ on the management of HIG. The MD arrived on the scene when Kainantu was in crisis and pulled the company back from the absolute brink. Former management were responsible for the collapse of Kainantu, not the current lot. The current management and board have not sat around... they conducted an exploration program at Wau/Bulolo and are about to undertake exploration on an excellent prospect at Nong River, right next door to Ok Tedi. JV partners are just that - partners, so to say they do nothing in relation to Ramu and Frieda is absurd. In between Kainantu being sold and to date it has been a very turbulent time globally and mining was affected dramatically with many project closures. The fact the company has not jumped headlong into another kainantu like project and has conserved cash whilst looking at prospective projects is a good thing. The share price is increasing too which is a nice reason to smile.
HIG Price at posting:
30.5¢ Sentiment: Buy Disclosure: Held
