Fundamental you quote,
"Given SIMEC has funded the drilling, paid $1M for a two month extension"
Yet most recent announcement states clearly.
Quote from HAV announcement 28/03/19
"The $1.0 million payment for the previous extension of exclusivity to 31 March 2019 will be deducted from any amount payable by SIMEC Mining to Havilah under any transaction that may be concluded between the parties, within calendar year 2019."
Sort of begs a few questions about this $1.0 million exclusivity payment.
Has HAV received these exclusivity funds already from SIMEC Mining?
Or,
Does HAV receive these exclusivity funds from, amount payable by SIMEC Mining transaction if concluded within 2019?
and,
Is this just another example poor clarity in HAV reporting?
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