Ten Bags Full

New to 10 Bags Full?

Sign up
“I have just been invited to the site and love it. Keep up the great work -- you'll destroy HC in no time ;)” Microtrader
“You've done a remarkable job at re-inventing the typical share discussion forum - streams, brilliant idea” Stuart
“I didn't realize how useful it could be to just log in on one place and check everything” ParleVouFrancois

HIG - Star Mountains Update

Free sign up to read this announcement, others by HIG - HIGHLANDS PACIFIC LIMITED and the last 12 years for every ASX listed company.

1 Impact


Highlands need PNG.

This is becoming interesting and I can't see anything positive until the following is settled.

  1. Professor Garnaut was forced to resign as Chairman of PNG’s biggest mining company OK Tedi.
  2. Professor Garnaut has had a travel ban imposed on him by PNG’s Prime Minister Peter O’Neill.
  3. Professor Garnaut is a director of Highlands Pacific.
  4. Professor Garnaut resigned from the position of chairman of PNGSDP.

What worries me is Mr. Garnauts last statement here in regard to the OK Tedi Chairman resignation:

Professor Garnaut said the Ok Tedi board must address three pressing issues: proposals to extend the life of the mine; a performance review of senior managers; and potential co-operation with mining giant Xstrata and Brisbane-based Highlands Pacific to develop nearby ore bodies.

If Highlands Pacific requires aid from OK Tedi and PNGSDF to develop the above then he may also have to resign from $HIG .

This will happen sooner rather than later for $HIG & Star Mountain to proceed.

Use our unique Prediction feature to see what target gains investors expect.
The content on this page is only for general information only. None of the Information on the Website is professional advice, and it does not take into account your own particular circumstances. You must seek and obtain your own professional advice before acting or relying upon any of the Information on this Website. Accordingly, You should consider contacting one of the licensed advisers listed at www.asic.gov.au or otherwise visit ASIC’s consumer website, www.fido.gov.au. You must abide by the terms and conditions when using this site.
Free sign up to find and follow top community traders.
“Mate I am loving your site, I have pretty much stopped using HC, except for a few views and occasional post.” Chris
“The site is great. Awesome work getting it together!” Charlie
“The fact wikis and collections of gold, copper and other comparison stocks is fantastic and saves a ridiculous amount of research time, I love the work you’ve put into them.” Frisbeehead
“Yes! I particularly like the abitlity to follow my own group of shares and have the input of some very professional investors that I can gain an insight - not in my case for investing but for my own research in my own writings on another small BLOG site. I was using another site - but the level of information and comments were lacking expertise in those areas and too many troll like comments. The concise way the announcements are conducted in TenBagsFull makes it so much easier to evaluate the ASX announcements and the IMPACT function by users sometimes gives another level of analysis to the company involved. The contribution by the users (especially in charts and photos has been most impressive) is the major feature of why I keep coming back! Thank you TBF Team!” The Roofer
“Very comprehensive setup you have there. You certainly picked MAD early on !.” Vic
TRUSTe online privacy certification