Hunter Res. Share Discussion Threads

[sirigold] 03/10/2016 13:17

Anyone heard anything from the leader, Lord Hunt??

[sirigold] 23/9/2016 07:38

What is this new company of which they speak.

Maybe they join hunter and paragon into a single conglomerate?

[oilbuy] 31/5/2016 16:06

unter Resources plc("Hunter" or the "Company")(AIM: HUN)Update on the Company's Pampamali joint ventureFurther to the Company's announcements of 25 February 2016 and 2 March 2016, the board of directors of the Company (the "Board") is today providing an update on the Company's Pampamali joint venture.On 2 March 2016 the Company announced that that it had not yet reached agreement with the vendors of the Pampamali Project (the "Vendors") following the Company legally exercising its option to acquire 51% of the Pampamali Project (the "Option") because the Vendors continued to obstruct the legal process in Peru.. As a consequence the Company had commenced formal arbitration proceedings through the American Chamber of Commerce of Peru (the "Arbitration").In addition to the Arbitration the Company has continued to negotiate with the Vendors to try to reach a settlement and thus complete the legal formalities of the transfer of the title of the Pampamali tenements to a new locally incorporated company ("HOLDCO"), whose shares are to be held 51% by Gold Hunter SAC (the Company's 100% owned Peruvian subsidiary) and 49% by the Vendors. Following Hunter exercising the Option it is a legal obligation of the Vendors (under the terms of the amended Joint Venture Agreement between the Company and the Vendors) to transfer the title of the tenements at Pampamali to HOLDCO.The Board has been working towards reaching an agreement with the Vendors in connection with the exercise of the Option but the Vendors have been delaying the legal process. The Company and the Vendors currently have a draft agreement in hand to consider but there is no guarantee that the draft agreement will be finalised and the Board stresses that there can be no certainty that an agreement will be executed as a binding contract, nor that any agreement will be executed within the timeline outlined below.In the event that: i) the Vendors fail to transfer title of the tenements at Pampamali to HOLDCO; and ii) Gold Hunter SAC does not own a 51% interest in HOLDCO by 4 July 2016 the Company's Ordinary Shares will be suspended from trading on AIM at 07.30 hrs on 5 July 2016.If suspension occurs, trading in the Ordinary Shares will remain suspended until the Vendor transfers title of the tenements at Pampamali to HOLDCO and Gold Hunter SAC holds a 51% interest in HOLDCO (together the "Conditions") or another transaction is completed (which would require the Company to publish an admission document). In the event that neither of these are concluded within six months of suspension then the admission to trading on AIM of the Ordinary Shares will be cancelled.Shareholders should be aware that if no significant progress is made with the Vendors in the near future the Board may conclude that it is in the best interests of shareholders to withdraw from the Pampamali joint venture and the Company is considering its legal options in this regard. Should the Board decide to withdraw from the Pampamali joint venture then trading in the Company's Ordinary Shares will immediately be suspended from trading on AIM.

[scyther] 31/5/2016 11:24

Any life here??

[ryan83] 02/5/2016 10:43

Did you get anything back lazygun?

[lazygun] 19/4/2016 15:18

Well, since Simon hunt has decided to keep his communications to an absolute bare minimum, bordering on non-existent, I've emailed the American chambers in Peru that are supposed to be handling the arbitration process to see if I can find out what the current position is.

I'll post if I get anything meaningful back....

L.

[nr 1] 31/3/2016 14:28

hey ho


lol

[oilbuy] 31/3/2016 14:21

2.5M buy !

[1ravls] 31/3/2016 13:51

Raaaaaaamp over!The Bulletin Board Bandits - those private investors who infest the chat rooms of financial websites and just love to ramp shares - looked like they were at it again!

[lazygun] 31/3/2016 13:17

Be interested in opinions on Simon Hunt....

Not really hearing much on the arbitration process, which is a bit of a worry considering the imminent prospect of aim removal should that process fail....

L.

[oilbuy] 31/3/2016 12:46

Buys on the ask !

[oilbuy] 31/3/2016 12:13

Looking good Come on Simon !

[lazygun] 01/7/2015 18:20

Gone totally unnoticed - acquired the 51% interest in pampamali. What would be interesting to know is whether the environmental impact assessment DIA thing has been awarded since that was mentioned as a precondition for the 51% interest purchase.....

L.

[lazygun] 20/6/2015 10:14

I'd be far more interested in hearing about progress in securing the DIA award

L.

[65jack] 19/6/2015 13:22

looks like that idiot M4LESS sold out already

[65jack] 19/6/2015 13:01

PUMP AND DUMP CHECK THE TRADERS THREAD!!

[65jack] 19/6/2015 12:55

Careful m4less is ramping this.

pump and dump.

[moreforus] 19/6/2015 12:52

Simon Hunt, Executive Chairman of Hunter, said: "The acquisition by the Company of the Prospero Project approximately doubles the size of the Company's concessions in the area and provides new and excellent geological targets over ground not previously subject to modern geological exploration."

[devil20] 13/5/2015 10:48

oops..wrong thread!

[jojo_jo] 12/5/2015 23:45

Talk about a tart's knickers!