IMO HAV is being hampered by the large gap between its Mkt cap and the valuation of its assets.
Below is an illustration of the gap between HAV's SP and the estimated post-tax NPV7.5 of the Kalkaroo project at long-term consensus US$ copper and gold prices (derived from p.11 of HAV's 2021 Annual Report):
HAV's SP is arbitrary. There is no basis for it being parked at ~ 18c vs say ~ 80c. Obviously the latter would bridge the valuation gap, potentially making it worthwhile for a big miner to negotiate.
DYOR
Constructive Dialogue: Copper M&A the Cupboard is Nearly Bare, page-99
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Last
19.5¢ |
Change
-0.005(2.50%) |
Mkt cap ! $61.74M | |||
| Open | High | Low | Value | Volume |
| 19.5¢ | 19.5¢ | 19.5¢ | $5.379K | 27.58K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 73549 | 18.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 19.5¢ | 100000 | 1 |
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| Last trade - 13.06pm 04/07/2024 (20 minute delay) ? |
| HAV (ASX) Chart |