Ann: Shallow Gold Resource Drilling at Kalkaroo , page-3

re: Ann: Shallow Gold Resource Drilling at Ka... PeterPlus,

I feel that the sudden increased news flow to shareholders is basically designed to give the impression that our current directors do actually care for shareholders and are making steps to advance the company.
Remember that our directors only have until Thursday to acknowledge the requisioned General Meeting of shareholders.
They must arrange this General Meeting prior to 5th September.
Your statement that our company "is worth nothing unless we can begin mining" is astray.
As admitted by our chairman, Havilah requires $500m to develop Kalkaroo. It's totally absurd to countenance that shareholders would be prepared to sanction financing or subscribe $4.50 per share themselves to get this massive project up and running.
The intrinsic value of Havilah lies in the saleability of its current known assets which are conservatively valued close to $2 per share.
Surely, unless any shareholder is still in short pants, a fair option might be to accept whatever may appear on the table now, rather than signing up for a distant and totally uncertain outcome in the decades ahead.
Havilah, as much as it would have loved to have achieved the status of becoming a major mining company, must through lack of cash and, understandably, a consequent inability to secure funding, face pragmatism and sell assets to finally afford long-standing shareholders the opportunity to see something for their patience and expended cash.
Havilah, unashamedly, must by necessity remain an out and out explorer and discoverer and capitalize upon opportunities to find and sell anything worthwhile.
Make no mistake, Havilah is a valuable company and has no need to change its game plan in order to substantially reward shareholders for successes so far achieved.
Even under their own plan, Drs. Bob and Chris would not be around to see their collective dream ever come to fruition.
I believe that our directors now accept this reality and are currently in the process of packaging up the company as best they can so that they may make a timely and most profitable exit.
We shareholders should be keeping our own options open as to accepting a reasonable offer for our shares.
After all "Sunday is simply too far away" for most of us.
Our Havilah directors have been in the frame since 1996 and now almost two decades later has done nothing for shareholders but relieve them of cash in order to keep the pot happily boiling. It's simply not on anymore and most of us know it.