'Total divestment price of $12.0 million plus 1.5% NSR royalty remains a favourable outcome for Havilah based on comparative transactions'
Those 'comparative transactions' will make for interesting reading.
One recent transaction is Ramelius' (RMS) ~ $80M acquisition of Explaurum (EXU) in Q1/19. EXU has an Au resource of 685k oz, ~ 20% less than the Au equivalent resource of ~ 870k oz at North Portia. Prima facie, the revised (and original) consideration from CMC is tens of millions behind the RMS-EXU transaction.
CMC also picked up the Portia plant (~ $6.6M) and tailings (claimed to be ~ $39M) as part of that comparatively bargain purchase. Plus HAV staff spent time and HAV shareholders' funds doing work for CMC since the original agreement ($?). Presumably, HAV's Chairman picked up more legal fees on the revised agreement?
HAV Leadership can spin this however they want; they're not fooling me.
'HAV Shareholders will need to remain vigilant.’
DYOR
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'Total divestment price of $12.0 million plus 1.5% NSR royalty...
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21.5¢ |
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Mkt cap ! $72.94M |
Open | High | Low | Value | Volume |
21.5¢ | 21.5¢ | 21.0¢ | $9.273K | 43.51K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 76670 | 21.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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21.5¢ | 27949 | 2 |
View Market Depth
No. | Vol. | Price($) |
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1 | 76670 | 0.210 |
3 | 27800 | 0.200 |
3 | 166580 | 0.190 |
1 | 20000 | 0.185 |
3 | 59310 | 0.180 |
Price($) | Vol. | No. |
---|---|---|
0.215 | 27949 | 2 |
0.220 | 38950 | 3 |
0.230 | 30000 | 1 |
0.240 | 153300 | 2 |
0.245 | 27000 | 2 |
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