HAV 4.44% 23.5¢ havilah resources limited

Ann: SIMEC Exclusivity Extended on Iron Ore Projects, page-18

  1. 2,564 Posts.
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    'If I were SIMEC I would be buying time here.'

    Gupta has that tactic down pat!




    'the Board has placed SIMEC Mining in an even stronger position to drag out negotiations till Havilah's cash flows are depleted. The downside, SIMEC Mining purchases Havilah's iron ore assets for significantly less than their fair value.' - Janwi

    Gupta knows how important HAV's Fe assets are to floating the Whyalla Steelworks. Do HAV's negotiators know?



    DYOR
 
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