Hill Looks to Cobalt

10 November 2010

Investment banker Geoff Hill, scourge of the ocean racing brigade and now a resident of Hong Kong, yesterday unveiled a $5m capital raising to go chasing cobalt near Broken Hill. His family interests and his colleagues are selling off 25 million shares at 20c a pop, with scope for a further 10 million if demand warrants it, while the originals will start with 60.2 million shares.

The Australian