Ann: Trading Halt, page-16

A point which I don't know has been discussed. I was a SH of Havilah for years. A tone point they tried to ISL mine U but make a shemozzle of it and exited when the U price dived. They're now trying to List the U assets in the Curnamona. There are synergies between Honeymoon and HAV's Uranium which I'll call Oban (the nearest town):

1. The uranium is all in the Curnamona and close to Honeymoons plant say 40 to 100 Km. (The reason for the range is how extensive radiographics show the mineralisation is). There's enough previous drilling to have a decent economic resource even a trial but unsucsseful leach. Note Honeymoon itself is an improved project for re-start.
2. Honeymoons resin stripping plant is well within economic range of transport for the loaded resin form Oban.
3. Honeymoons targeted wells and leach solution is could solve problems with the OBAN recovery previously encountered. it will depend on the U price.
4. Boss' plant will be up and running so speed of start-up of Oban U will be a major advantage with a flukey U price.

I think takeover and/or a decent foundation stake at listing of HAV's U assets is a low risk play. The price will be low due to previous problems.
Having the excess cash on efficient start-up wont hurt. Just use of first mover advantage.

All IMVHO