HAV havilah resources limited
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State One Report 21 June 2019

  1. janwl
    23 Posts.
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    24/06/19
    08:51
    Post #: 39200410
    I found this State One research report from 21 June 2019, with a target price of 21 cents (down from 30 cents on 17 April 2019).

    "Thus, the SSA, if approved at an upcoming EGM (most likely to be held by end-July 2019), effectively gives GFG, for free, 51% of the Kalkaroo Project."

    https://www.stateone.com.au/Researc...ationRef=e6882d5e-6a91-4b80-8d2d-b227a5f475c0

    Reading this report, my conclusion is that Havilah needs to be taken out by a bigger and financially stronger mining company. It has no capacity to fund a $500+ million project, and no capability to deliver.

    The best alternative for shareholders would be for Havilah's Board to find a buyer for the whole company (100% takeover or scheme of arrangement) at 30+ cents, if it can, rather than continuing to give up material pieces of value just to survive, IMO.

    DYOR
    Last edited by janwl: 24/06/19
    HAV Price at posting: 13.5¢ Sentiment: None Disclosure: Held
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