Agree with your logic on Option A and B.
Going back to your query about further conditional funding - quietly read the mid section of the $17m and $8m parts of the table. My understanding of reading that is HAV can do a capital raising to all shareholders at whatever price they like. BUT SIMEC can either take a direct stake in the projects at $1.2m for every 1% stake and/or it can buy more equity at the milestone payment prices....lets just say 20.79c per share. So yes HAV can ask you to pay $1 if they like, but SIMEC can get the next $25m at no more than 20.79c per share so they will probably skip that generous offer at $1.. After that they will be treated as equal (sorry I mean we will be treated as equals) and pay the same price..... by that stage HAV is effectively a SIMEC subsidiary.
Agree with your logic on Option A and B.Going back to your query...
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Last
17.0¢ |
Change
-0.010(5.56%) |
Mkt cap ! $53.82M | |||
| Open | High | Low | Value | Volume |
| 17.0¢ | 17.0¢ | 16.5¢ | $65.55K | 388.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 186665 | 17.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 18.0¢ | 50000 | 1 |
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| Last trade - 15.00pm 21/06/2024 (20 minute delay) ? |
| HAV (ASX) Chart |