HAV 4.44% 23.5¢ havilah resources limited

Unlikely any deal will be fair value. It will be at a sizeable...

  1. 3,016 Posts.
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    Unlikely any deal will be fair value.

    It will be at a sizeable discount as Simec will use Have poor financial state against it.

    The more cash up front HAV wants will cause an overall discount to the deal if there is one. The higher the back end structure of a deal the higher the price will be.

    It will come down to how they balance this out if there is to be a deal. Past experiences of this with the existing board tells me that if a deal is done it will be very poor.

    Cheers
 
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