Looks like SIMEC may not be the only game in town. Story on the ABC news website:
"Commercial shipping to return to Port Augusta for first time in 50 years with new port project"
And:
"The purchase of the site is a significant, strategic decision that allows CU-River to secure a direct export pathway for the 15 million tonnes of high-grade iron ore magnetite it plans to mine each year from 2026"
Source: https://www.abc.net.au/news/2019-02-01/port-proposed-for-former-northern-power-station-site/10769938
And:
"It is expected that other iron ore producers, and copper and grain exporters, could also use the facility, which has the scope to be expanded to a capacity of 50 million tonnes per year. "
Source: https://www.adelaidenow.com.au/busi...k=e1a4631b92c2832e5ab808d665b0a7b6-1548996504
That seems to leave ample room for a small HAV operation. If HAV can't obtain reasonable value from any proposed transaction with SIMEC, then surely they should not proceed but instead move the I/O projects unto their "doable" list.
Can current management be trusted to obtain reasonable value for all shareholders?
Just a reminder, EGM this Monday, make sure to vote as it is, after all, your company too.
Ann: SIMEC Due Diligence Extended on Havilah's Iron Ore Projects, page-6
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Last
20.5¢ |
Change
0.010(5.13%) |
Mkt cap ! $64.91M | |||
| Open | High | Low | Value | Volume |
| 18.5¢ | 20.5¢ | 18.5¢ | $95.59K | 498.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3535 | 20.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 20.5¢ | 19893 | 2 |
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| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| HAV (ASX) Chart |