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.
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Ann: SIMEC Due Diligence Extended on Havilah's Iron Ore Projects, page-6
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Last
17.0¢ |
Change
-0.010(5.56%) |
Mkt cap ! $53.82M |
Open | High | Low | Value | Volume |
17.0¢ | 17.0¢ | 16.5¢ | $65.55K | 388.3K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 186665 | 17.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
18.0¢ | 50000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 186665 | 0.170 |
2 | 28515 | 0.165 |
2 | 21875 | 0.160 |
3 | 112258 | 0.155 |
4 | 116006 | 0.150 |
Price($) | Vol. | No. |
---|---|---|
0.180 | 50000 | 1 |
0.190 | 92473 | 1 |
0.200 | 100000 | 1 |
0.210 | 82412 | 3 |
0.220 | 610000 | 1 |
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