HAV 2.94% 17.5¢ havilah resources limited

Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-11

  1. 319 Posts.
    lightbulb Created with Sketch. 192
    Good to see Dr Giles still alive!

    So the essense of the NU deal presented in couple of month time:

    - We pay for the shares for a spinoff which assets that we already owned as a shareholder of HAV
    - The proceeds will be later given back to us shareholders in the form of HAV dividend
    - So we're being given back what we have paid for the spinoff

    This feels pretty convoluted, almost like shaking my own hands, but I suppose those who can catch the good exit point could benefit.
 
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