Reincarnation, page-39

@ Dolcevita . Totally agree. Highlands Pacific has sunk somewhere between 112 to 125 million over the years into Frieda River. Rated number 8 largest Copper mine in the world. GRAM who hold 80% of it want to spend upwards of 3.6 billion on it . Our poor minnow HIG with a market cap of 85 million,and debt of 105 million now HIG would have to increase its debt to 700 million to stay in the field. So we will loose this diamond as well.
Altona SH lost out so will HIG. Can’t answer why but we were both squeezed. We as investors have to diversify thus why I am looking at CMMC the “winner”. If I could buy shares of Guangdong Rising Assets Management (GRAM) I would but it’s a subsidiary of the Chinese Government funded by Shenzhen Bank.