From what I understand the Option on the Kalkaroo asset has not been cancelled by BHP. My reading is that it may be assigned by BHP to a new purchaser. Hence the sale process may be quite short and relatively easy.
This would mean that HAV will get the price, as previously agreed with BHP.
I think if the company is to sell the Kalkaroo asset, it may again need to get shareholder approval. Not entirely sure on this. Slowing down a sale process.
If HAV have 3 potential bidders, the tension of an auction of sorts, may push up the price or change the payment hurdles. Hopefully the company will end up with $400m in some form of value.
It will be an interesting 2024 for the company, with many balls in the air. I am confident Chris G and the team will be trying to maximise returns to shareholders and sell the asset for a reasonable value.
The company appears to be grossly undervalued at the moment IMO given its assets.
GLTA
DYOR
From what I understand the Option on the Kalkaroo asset has not...
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Last
17.0¢ |
Change
0.005(3.03%) |
Mkt cap ! $53.82M | |||
| Open | High | Low | Value | Volume |
| 16.5¢ | 17.0¢ | 16.0¢ | $20.54K | 127.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 36875 | 16.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 17.0¢ | 13998 | 1 |
View Market Depth
| Last trade - 16.10pm 17/06/2024 (20 minute delay) ? |
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Last
17.0¢ |
Change
0.005 ( 5.56 %) |
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| Open | High | Low | Volume | ||
| 16.0¢ | 17.0¢ | 15.5¢ | 53603 | ||
| Last updated 15.29pm 17/06/2024 ? | |||||
| HAV (ASX) Chart |
