$100 million in cash paid over 3 years plus x% royalty for the divestment of the iron ore assets to Simec is how this release should read.
Instead, the shareholders get massive dilution and $44 million in funding to get projects ready for GFG to take for themselves in three years when they control the votes and the BOD.
It's crazy, but even with this deal HAV still need to do a CR for operating funds as they only get $6 million to spend how they want. The CR of course, is labeled as a great opportunity for shareholders to get in on the action.
If GFG wanted a controlling interest in HAV they should have been forced to buy the shares from existing shareholders.
- Forums
- ASX - By Stock
- HAV
- Ann: Havilah Secures Funding of up to $100M from GFG Alliance
Ann: Havilah Secures Funding of up to $100M from GFG Alliance, page-35
-
-
- There are more pages in this discussion • 170 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add HAV (ASX) to my watchlist
(20min delay)
|
|||||
Last
24.5¢ |
Change
0.010(4.26%) |
Mkt cap ! $77.57M |
Open | High | Low | Value | Volume |
23.5¢ | 24.5¢ | 23.5¢ | $70.82K | 294.8K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 58681 | 24.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
24.5¢ | 137807 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 58681 | 0.240 |
2 | 51997 | 0.230 |
1 | 3886 | 0.220 |
2 | 37636 | 0.210 |
2 | 222456 | 0.200 |
Price($) | Vol. | No. |
---|---|---|
0.245 | 137807 | 4 |
0.250 | 113134 | 4 |
0.260 | 79889 | 4 |
0.270 | 50000 | 1 |
0.275 | 37500 | 1 |
Last trade - 16.10pm 15/07/2024 (20 minute delay) ? |
Featured News
HAV (ASX) Chart |
The Watchlist
RCE
RECCE PHARMACEUTICALS LTD
James Graham / Dr Alan Dunton, MD & CEO / Non-Executive Director
James Graham / Dr Alan Dunton
MD & CEO / Non-Executive Director
SPONSORED BY The Market Online