"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.
"But the question I have, what did HAV Management give up to get...
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Last
21.0¢ |
Change
-0.005(2.33%) |
Mkt cap ! $66.49M | |||
| Open | High | Low | Value | Volume |
| 21.0¢ | 21.5¢ | 20.5¢ | $40.24K | 192.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
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| 1 | 2463 | 20.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 21.0¢ | 2408 | 1 |
View Market Depth
| Last trade - 15.44pm 24/05/2024 (20 minute delay) ? |
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Last
20.5¢ |
Change
-0.005 ( 4.65 %) |
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| Open | High | Low | Volume | ||
| 20.5¢ | 21.5¢ | 20.5¢ | 27815 | ||
| Last updated 14.21pm 24/05/2024 ? | |||||
| HAV (ASX) Chart |