PanAust to settle with Glencore 25/8 - expected increased flow of information.
GRAM expected to make a revised offer for PanAust in September.They have been in their Data Room now for several months. Had several Chinese banks visit Phu Kahn two weeks ago, this is the second lot of Chinese banks to visit their Laos operations. Who knows maybe they may want to take over the whole of Freida or make an offer for us.? UBS and Evans &Partners say Freida is worth $1bil at this point.
From their own mouth they expect new exploration arrangements re Star Mtns in September quarter.
New/ improved washery at Ramu mine October
Anyway expect some activity over the next couple of months.
HIG Price at posting:
6.2¢ Sentiment: Buy Disclosure: Held