Ann: Iron Ore Scoping Study Update, page-27

Clearly GFG doesn't shy away from spinning many plates.

On EVs:
- Some formal announcements on the next steps were likely ''within weeks''.

On Whyalla:
- Beijing anoints an ambitious next-generation steelworks plan at Whyalla as one of 16 projects of national significance to China
- It would take between two and four years for that $600 million reinvigoration.

That timing could fit in nicely with HAV's Fe assets going into production.

SIMEC's exclusivity expires tomorrow.

Who will end up owning HAV's Fe assets?

IMO Gupta should TO HAV (.. for a lot more than 15c ps). If GFG does push the button on EVs, HAV's Cu-Co assets could be used 'in-house' too. HAV's multi-commodity portfolio dovetails neatly into GFG's plans. Gupta has literally stumbled on these raw materials in his SA backyard.

As a HAV Shareholder, my main concern is on price. Gupta likes bargains. HAV leadership's track record on deals has IMO been dilutive for HAV Shareholders. Could another 'win-lose' deal be in the offing? With the SP at 15c ps, Mr Market thinks so.

Let's see if that elusive 'rabbit' magically appears..

DYOR