PEX 0.00% 12.0¢ peel mining limited

Hampton Hill were entitled under the rights issue to take up...

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  1. 4,168 Posts.
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    Hampton Hill were entitled under the rights issue to take up 4,435,076 new shares at $0.36. They applied for none. Since the rights issue they have purchased 108,202 shares on market. That was on October 11. They are not exactly going crazy here. It will remain to be seen if they have or will purchase any more. 


    Purchasing a 2% net smelter royalty held by MMG over the tenements will no doubt over time generate a good return on the outlay. 


    The board has failed to communicate exactly what their strategy is to shareholders. Oh sure if you privately call RT he will give you a vision. But the wider market is still waiting. I would say that the 41% shortfall with the rights issue means that i'm in bloody good company when it comes to feeling like i'm in the dark as to what the plan is.

 
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