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HIG, HIGHLANDS PACIFIC LIMITED |
 Posted: May 23 2018, 11:23 AM
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 Posts: 6,791 Thanks: 2307  |
HIG up 37% currently on this news
QUOTE Cobalt 27 said it had reached a C$145 million ($113.33 million) deal with Highlands Pacific Ltd to buy cobalt and nickel from a Papua New Guinea mine that the Australian miner has a stake in.
Cobalt 27, a small buyer of physical cobalt, is also in advanced talks with other owners of the Ramu mine on Papua New Guinea's north coast for a further $87 million stream, it said. Both transactions can be funded from cash or a new debt facility. Under the transaction with Highlands, Cobalt 27 will purchase 55 percent of Highlands' share of cobalt production and 27.5 percent of its share of nickel output from the mine. That will result in Cobalt 27 receiving an estimated 450,000 pounds of cobalt and 2.25 million pounds of nickel in concentrate a year from Ramu. As a result of the deal, Highlands' ownership of Ramu will increase to 11.3 percent from 8.56 percent. The mine is majority-owned and operated by Metallurgical Corporation of China Ltd. Other shareholders include the Papua New Guinea government, landowners and other Chinese investors. Cobalt 27 has also agreed to buy a 13 percent stake in Highlands, a Papua New Guinea-focused mining explorer, developer and producer.
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-------------------- The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler
If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington |
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Posted: Aug 23 2013, 04:01 PM
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 Posts: 1,392 Thanks: 497 |
nice rumour doing the rounds....PanAust in talks to buy Glencore/Xstrata Frieda River deposit in PNG
HIG owns an 18% share in deposit...it will give some idea of HIG s value if deal goes ahead still holding after watching price fall almost back to what I paid months ago |
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Posted: Jul 9 2013, 03:30 PM
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Posts: 1,392 Thanks: 497 |
no speeding ticket......may be it is travelling way to fast and they can't see it
certainly leaving a lot of gaps on the way up......bound to close some of them soon still holding and no reason to sell |
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Posted: Jul 4 2013, 09:35 AM
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Posts: 1,392 Thanks: 497 |
accumulated 100k shares at an average of .055 over the last month
showing a profit finally.....nice spike yesterday and may be more to come all the sellers from last financial year seem to have gone and volume is much lower they sstill have problems with the Glencore/Xtrata merger and future mine development trade with care as the sellers may come back |
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Posted: Mar 5 2012, 11:37 AM
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Posts: 1,088 Thanks: 318 |
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Posted: Feb 28 2012, 12:52 PM
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 Posts: 13,078 Thanks: 3381 |
-------------------- I trade daily, but I am not a licensed adviser. Whether you find my ideas reasonable or not: The only person responsible for your actions is YOU.
I follow two rules: (1) There are no sacred truths. All assumptions must be critically examined. Arguments from authority are worthless. (2) Whatever is inconsistent with observed facts must be discarded or revised. We must understand the Market as it is and not confuse how it is with how we wish it to be. (inspired by Carl Sagan) |
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Posted: Feb 22 2012, 01:01 PM
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Posts: 13,078 Thanks: 3381 |
In Reply To: Financial Chatter's post @ Feb 22 2012, 12:06 PM well, it may yet test the breakout level @19c; but given the volume, that ought to hold. -------------------- I trade daily, but I am not a licensed adviser. Whether you find my ideas reasonable or not: The only person responsible for your actions is YOU.
I follow two rules: (1) There are no sacred truths. All assumptions must be critically examined. Arguments from authority are worthless. (2) Whatever is inconsistent with observed facts must be discarded or revised. We must understand the Market as it is and not confuse how it is with how we wish it to be. (inspired by Carl Sagan) |
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Posted: Feb 22 2012, 12:06 PM
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Posts: 1,088 Thanks: 318 |
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Posted: Feb 22 2012, 11:23 AM
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Posts: 13,078 Thanks: 3381 |
In Reply To: arty's post @ Feb 20 2012, 02:37 PM QUOTE Once 19c is broken, it's probably away. right on cue 
-------------------- I trade daily, but I am not a licensed adviser. Whether you find my ideas reasonable or not: The only person responsible for your actions is YOU.
I follow two rules: (1) There are no sacred truths. All assumptions must be critically examined. Arguments from authority are worthless. (2) Whatever is inconsistent with observed facts must be discarded or revised. We must understand the Market as it is and not confuse how it is with how we wish it to be. (inspired by Carl Sagan) |
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Posted: Feb 20 2012, 02:37 PM
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Posts: 13,078 Thanks: 3381 |
In Reply To: melua's post @ Jan 3 2012, 04:42 PM Hi Melua, Not sure what you meant by "not as it seems"; quite likely some accumulators wanted more for less, hence the retracement. But my chart suggests it could be worth hopping on board. Which I've started doing. Once 19c is broken, it's probably away.
-------------------- I trade daily, but I am not a licensed adviser. Whether you find my ideas reasonable or not: The only person responsible for your actions is YOU.
I follow two rules: (1) There are no sacred truths. All assumptions must be critically examined. Arguments from authority are worthless. (2) Whatever is inconsistent with observed facts must be discarded or revised. We must understand the Market as it is and not confuse how it is with how we wish it to be. (inspired by Carl Sagan) |
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