"But the question I have, what did HAV Management give up to get this?"
The drilling cost is almost certainly not material to Simec/GFG Alliance and it could well be that they are funding the drilling in order to determine, in a timely manner, whether Grants Basin is capable of supporting their broader business objectives & to help in their own strategic planning. I.e just a logical extension to what's already going on between the companies.
If there was anything more formal that that, i.e something that specifically had a material impact on HAV's interests, then surely it would have to be subject to a formal ASX announcement?
Still, it's curious it's tucked away on page 8. I would have thought it may well have been worthy of it's own release considering the potential impact of a discovery as well as the fact that it's contributing to HAV tenement expenditure obligations.
Ann: Quarterly Activities Report - Period Ending 31 July 2018, page-9
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Mkt cap ! $52.24M | |||
| Open | High | Low | Value | Volume |
| 16.5¢ | 16.5¢ | 16.0¢ | $15.59K | 97.22K |
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| No. | Vol. | Price($) |
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| 3 | 112258 | 15.5¢ |
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| Price($) | Vol. | No. |
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| 17.0¢ | 12512 | 1 |
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| Last trade - 12.09pm 17/06/2024 (20 minute delay) ? |
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| Open | High | Low | Volume | ||
| 16.0¢ | 16.0¢ | 15.5¢ | 46628 | ||
| Last updated 12.36pm 17/06/2024 ? | |||||
| HAV (ASX) Chart |
