Ann: Notice of Annual General Meeting/Proxy Form, page-8

Guerilla

Mr market is telling me that there is a CR coming as the placement of $600k is just a bandaide to get them thru the next quarter and release balance sheet pressure for now so they can gain some time to get it organised.

Management should of foreseen a cash position issue prior to now. Though they keep hoping for finance or a cashed up major.

HAV traditionally have always been late to the party when it comes to CRs. They leave it too late. A major raise 6months ago of 20 to 30mil would of been done at a higher price and removed this current uncertainty. It also would of allowed a bit of funding to follow up other target ie murturoo grants and Jupiter. You know do what they do best. explore. As it is now drifting lower and lower each day.

May see the old double bottom at 8cents

Anyway just my thoughts management are Lacking in all areas.