The argument that the transaction isn’t very good but it’s better than not doing it is very disappointing. As a very long time holder I would like to vote No.
I would like to vote NO or cancel the EGM and start again but split HAV into 2 companies -:
Havilah Iron (=Grants Basin)and
Havilah Resources (=Kalkaroo and everything else).
Current shareholders might become holders of shares in 2 companies or Havilah Iron could be a wholly owned subsidiary of Havilah Resoruces.Then do a JV with Havilah Iron or sell it off completely.
The current transaction as it stands is just woeful.
