Ann: SIMEC Due Diligence Extended on Havilah's Iron Ore Projects, page-6

Looks like SIMEC may not be the only game in town. Story on the ABC news website:

"Commercial shipping to return to Port Augusta for first time in 50 years with new port project"

And:

"The purchase of the site is a significant, strategic decision that allows CU-River to secure a direct export pathway for the 15 million tonnes of high-grade iron ore magnetite it plans to mine each year from 2026"

Source: https://www.abc.net.au/news/2019-02-01/port-proposed-for-former-northern-power-station-site/10769938

And:

"It is expected that other iron ore producers, and copper and grain exporters, could also use the facility, which has the scope to be expanded to a capacity of 50 million tonnes per year. "

Source: https://www.adelaidenow.com.au/busi...k=e1a4631b92c2832e5ab808d665b0a7b6-1548996504

That seems to leave ample room for a small HAV operation. If HAV can't obtain reasonable value from any proposed transaction with SIMEC, then surely they should not proceed but instead move the I/O projects unto their "doable" list.

Can current management be trusted to obtain reasonable value for all shareholders?

Just a reminder, EGM this Monday, make sure to vote as it is, after all, your company too.