Looking at HAV more closely, you are right. It is undervalued. The Kalkaroo Option/Alliance is due to come to a close in the next 4 or so months. Based on the current market cap, the market is saying that there is little chance that BHP will take up the option on Kalkaroo which is I don't believe to be true as seen by the site visits and the work that BHP is putting into the project. Even without the prospect of a minimum $205m buy out, the SP is still probably not where it should be.
Ann: Havilah-BHP Kalkaroo Work Program Update, page-5
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Last
24.5¢ |
Change
0.005(2.08%) |
Mkt cap ! $75.99M | |||
| Open | High | Low | Value | Volume |
| 24.5¢ | 24.5¢ | 24.5¢ | $20K | 81.63K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 55716 | 23.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 24.5¢ | 71689 | 4 |
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| Last trade - 10.04am 17/07/2024 (20 minute delay) ? |
| HAV (ASX) Chart |