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18.0¢ havilah resources limited

Ann: AGM 2016 - Results and Chairman's Address, page-20

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subi1

8,516 Posts.

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20/12/16

21:07

Post #: 21472100
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Originally posted by harvest ↑

Been watching these guys for a while now , deciding on whether to invest or not. I read a post a while back that stated something along the lines that if all of thier currently known assets could be converted at around 3% valuation of in ground value , that would equte to around $2.50 per share. I then watched the youtube of the AGM, where Chris said that they would need to dilute with a senior partner to get the other assets into production , and then said he would rather have 40% of something than 100% of nothing. Therefore in simple terms that equates to around $1.00 a share ATM.
Of course there are many upsides and downsides to come, and a lot of risk, so is 58 cps a good price? Another thing he mentioned re the sulphide roaster was that it needs a LOT of water. That comment needs serious consideration given that water in any quantity (let alone quality) is a major issue in that area. I would also like to know that if the sulphide roaster can also produce electricity, what fuel source is the roaster going to use - are they going to ship coal up the railway from somewhere?

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I found this about pyrite roasting.

http://www.saimm.co.za/Conferences/Sulphur2009/101-110_Runkel.pdf

I am sure there is a lot more information out there.

HAV Price at posting: 61.0¢ Sentiment: Hold Disclosure: Held
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Last 18.0¢		Change 0.000(0.00%)		Mkt cap ! $56.99M

Open	High	Low	Value	Volume
18.0¢	18.0¢	18.0¢	$3.47K	19.27K

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No.	Vol.	Price($)
2	53171	17.5¢

Sellers (Offers)

Price($)	Vol.	No.
18.0¢	128062	2

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No.	Vol.	Price($)
2	53171	0.175
4	60000	0.170
5	160784	0.165
4	150250	0.160
1	20000	0.155

Price($)	Vol.	No.
0.180	128062	2
0.185	30000	1
0.190	33250	1
0.200	5000	1
0.240	13000	1

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