Taking up the new issue is not too much for me since it will...

Taking up the new issue is not too much for me since it will cost about one tenth of the value of my HAV holding now.

I do not intend to exercise my HAV options.

The $1.00 options attached probably have no value to me unless the directors pull a rabbit out of their hat; for example sell off Kalkaroo or it turns out that Wilkins is another Olympic Dam.

Is Wilkins any good? To me it seems it is a lot of low grade copper; I consider less than 0.70% is of no use, even if it is in quantity.

Does Portia have Govt approval to proceed to mining?
I have been dismayed at the time it takes to get through all the approval processes.

The corporate affairs have been moving along (eg the proposal to sell Kalkaroo and the take-overs of GHT and CUY) but the mining has been the same as usual.

I feel uneasy about HAV with the corporate becoming more important than the mining.