|Bid||0.000 x 0|
|Ask||0.000 x 0|
|Day's Range||0.120 - 0.125|
|52 Week Range||0.058 - 0.150|
|PE Ratio (TTM)||3.21|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||0.33|
Highlands Pacific Limited (ASX:HIG) is a small-cap stock with a market capitalization of AU$147.52m. While investors primarily focus on the growth potential and competitive landscape of the small-cap companies, theyRead More...
The Ramu Cobalt Nickel Stream is governed by the MPA, pursuant to which Cobalt 27 has agreed to acquire the right to purchase 55.0% of RNL's attributable share of the payable cobalt metal and 27.5% of RNL's attributable share of the payable nickel metal produced at Ramu, for the life of mine, in exchange for a US$113 million (C$145 million) upfront cash deposit payable to Highlands. Highlands, which owns 100% of RNL, currently holds an effective 8.56% ownership interest in Ramu. However, Highlands will use proceeds from the Transaction to increase its effective ownership interest in Ramu to 11.3% through the repayment of its share of outstanding Ramu construction and development loans. For clarity, the Ramu Cobalt Nickel Stream will be over RNL's pro forma 11.3% ownership interest in Ramu.
Cobalt 27 Acquires a Cash Flowing Cobalt-Nickel Stream on Producing Ramu Nickel-Cobalt Mine for US$113 Million (C$145 Million)