RE: Humber21 Nov 2019 17:50
Yep, sounds about right Piper, Although recently Alba Mineral Resources (ALBA) refused to make a payment to the Horse Hill consortium, (for unknown reasons) and it only lost a fraction of % in It's Horse Hill Stake!
Horse Hill, Alba has decided not to contribute to the most recent cash call issued by the Operator, HHDL, for £261,000, as Alba has decided to deploy its cash reserves to the mining projects which Alba operates and controls.
Any dilutive effect on Alba's 18.1% shareholding in HHDL will be negligible.
Horse Hill
https://www.lse.co.uk/rns/ALBA/alba-min-res-plc-project-and-investment-update-cg2idd9d483micr.html
What could be afoot thou, is if Humber do default and loose It's stake, Rathlin should/could be line for the lion's share of Humbers stake. So it would make sense for Rathlin to wait and see what happens before going ahead with the equity swop. That way they might have more to trade!