'... $50m should just about do it... '
Killer post! Well done to those who have seen through this release.
Seems the current Market Cap of ~ $49M is priced where the GFG transaction is pitched. GFG will receive slightly more than the SoI (in NEW shares) for $50M. This means that HAV's BoD is saying that the EXISTING SoI are worth ~ $48M.
% $M 1 GFG 51% 50 2 SOI 49% 48 3 100% 98
In 2013, Warwick Grigor, former chairman of brokerage Canaccord Australia, claimed HAV could be worth more than $1 billion based on its copper-gold and iron ore projects in SA. Following the Grants Basin Iron Ore Initial Exploration Target as of 3 April 2019 of 3.47 BT to 3.79 BT, this would suggest Grigor’s $1 billion could potentially be worth $ multi-billions, supported by various calculations posted on this forum.
However, in ratifying the GFG proposal, HAV's BoD is saying HAV is worth $48M. How HAV's BoD reached this conclusion beggars belief. That Giles let this happen beggars belief.
As with so much that HAV's leadership has done over the last 2 years, this DOES NOT PASS THE PUB TEST!
IMO GFG stands to make a fortune thanks to HAV’s current leadership. Hopefully ASX and ASIC are watching...
Anyone else who is interested in Cu-Au-Fe assets with a JORC ISV of ~ $39 Billion (Post #: 37654259) + GIB, HAV's BoD has set the 'reserve' at a lowly $48M. Gazump away!
DYOR
- Forums
- ASX - By Stock
- HAV
- Ann: Havilah Secures Funding of up to $100M from GFG Alliance
Ann: Havilah Secures Funding of up to $100M from GFG Alliance, page-32
-
- There are more pages in this discussion • 173 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add HAV (ASX) to my watchlist
(20min delay)
|
|||||
Last
24.5¢ |
Change
0.010(4.26%) |
Mkt cap ! $77.57M |
Open | High | Low | Value | Volume |
23.5¢ | 24.5¢ | 23.5¢ | $70.82K | 294.8K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 58681 | 24.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
24.5¢ | 137807 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 58681 | 0.240 |
2 | 51997 | 0.230 |
1 | 3886 | 0.220 |
2 | 37636 | 0.210 |
2 | 222456 | 0.200 |
Price($) | Vol. | No. |
---|---|---|
0.245 | 137807 | 4 |
0.250 | 113134 | 4 |
0.260 | 79889 | 4 |
0.270 | 50000 | 1 |
0.275 | 37500 | 1 |
Last trade - 16.10pm 15/07/2024 (20 minute delay) ? |
Featured News
HAV (ASX) Chart |
The Watchlist
RCE
RECCE PHARMACEUTICALS LTD
James Graham / Dr Alan Dunton, MD & CEO / Non-Executive Director
James Graham / Dr Alan Dunton
MD & CEO / Non-Executive Director
SPONSORED BY The Market Online