Hydromet Corp Limited (HMC)

[steve fleming]

HMC is a bit like DMX but more scrap metal focused and not profitable.

Anyway, subject to a takeover offer by a New Zealand company today at 4.8c.

Does anyone know anything about Simon Henry, a ''professional investor'" from Auckland, who has made the offer??

[CMo]

If it's the same bloke... http://www.nbr.co.nz/simon-henry

Insurance payout on some of his Chch building perhaps??

His brother is a certain Bernard Whimp...

[steve fleming]

This was extremely well played by Simon Henry.

Got to 82% in no time, and will be looking at compulsory acquiring and delisting soon.

ASX will have lost 2 of its innovative environmental solutions companies (DMX and HMC) in a matter of months