HAV havilah resources limited

Ann: Section 708A Notice - Share Issue, page-5

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    Re today’s placement, HAV did include it as a funding option in its 04/25 QR, see section 8.8.3 of Appendix 5B.

    As to going this route rather than a rights issue or SPP as many (including me) expected, here are some thoughts:

    • Whoever has been working to hold the SP back has contributed to this placement being at a lower price than it otherwise would have been. When you consider how much Au and Cu prices have moved and the volume of M&A activity since the last SPP, both raisings were at 18 cents.

    • Given the administration involved with a RI/ SPP, this placement ensures HAV is funded for the time being, giving me the impression that HAV can focus on something value accretive instead.

    • Anyone who was waiting for a CR to top up will now need to buy on-market, potentially putting a floor on the SP.

    • HAV has a supportive substantial shareholder base. Any ‘sharks’ out there seeking to take HAV or its assets at a substantial discount to fair value, have been put on notice.

    Onwards and upwards.


    DYOR
 
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(20min delay)
Last
19.5¢
Change
0.010(5.41%)
Mkt cap ! $66.15M
Open High Low Value Volume
19.5¢ 19.5¢ 18.5¢ $5.918K 30.89K

Buyers (Bids)

No. Vol. Price($)
2 100286 18.5¢
 

Sellers (Offers)

Price($) Vol. No.
19.5¢ 73002 3
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Last trade - 11.50am 30/07/2025 (20 minute delay) ?
HAV (ASX) Chart
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