I don't understand why they would complete the acquisition given the share price is one third of what it was when they started and 'some people' dumped in high volume prior to those drill results being released to market as somehow they seem to have known the Jundee type gambit was a non-starter..
No sign of this ever becoming economic from drill results to date, so what's the idea of a massive dilution to a Kalgoorlie bloke in exchange for yet another project with 'high grade chips' that are not able to be repeated at depth? Is anyone aware of any prior connection between the Kalgoorlie director and the vendor?
And all this when Zinc is still doing well, and is over the price I was told the Yukon project would be reactivated at and there is a project with a +1.5 billion dollar proven resource to date and another highly prospective, large area with surface anomalism waiting to be drilled for years! Yet it has been one two bit project and diversion after another whilst the shares on issue have gone from 130 million to near 1 billion!
I don't in any way see a viable plan for building shareholder 'wealth'. I really don't get it. It feels to me like a total lack of interest. What am I missing? They geo model keeps changing and I don't think they have started drilling the new model yet (or was that what all the selling is about again?) ....so the board surely cannot be confident about a good outcome?
And where are all the former bullish posters who have vanished from HC? Are they more suicide statistics due to companies like this on the ASX?
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I don't understand why they would complete the acquisition given...
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