Stars Align For Highlands Pacific
Highlands Pacific – (ASX: HIG, Share Price: $0.145, Market Cap: $138m, coverage initiated @ $0.085 in Oct 2015 – current gain of 71%)
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Highlands To Ride High On Back Of Cobalt Boom
Cobalt is a key metal in the dominant lithium-ion battery chemistries, meaning demand for the stuff is being swept along by the biggest disruptive industrial event since Henry Ford’s Model T hit the roads in the early 1900s – the electric vehicle revolution.
Read MoreGRAM Subsidiary Seeks Spill Of Highlands’ Board
GRAM subsidiary seeks spill of Highlands’ Board. Highlands urges shareholders to take no action.
Read MoreHighlands Pacific Progressing In PNG
We introduced Highlands Pacific to our Portfolio after having closely followed the stock’s progress for several years. A number of important and positive developments have taken place over the past 12 months. Firstly, its share price has stabilized following several years of decline; its Ramu nickel-cobalt project is producing solidly and first cash flows have been received; uncertainty surrounding the Frieda copper-gold project has gone; and corporate interest has grown as metals trader Trafigura boosted its stake to 16%.
Read MoreTrafigura Buy-In Reflects Confidence In Highlands
Highlands Pacific (ASX: HIG, Share Price: $0.066, Market Cap: $61m) is an emerging PNG resource play, with two advanced projects and an early-stage exploration play, which we’ve followed for a number of years via our Watch-List. Various coincident factors have led us to upgrade our recommendation from Watch to Speculative Buy.
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