Everyone seems to be saying that Hav has dropped the ball as...

Everyone seems to be saying that Hav has dropped the ball as regards the price of shares for the reimbursement of the 7m.
Perhaps Hav were very clever. Oh course Glencore would expect the pice to be the current, if you were Glencore you would never agree to anything else. But perhaps Hav left themselves enough wriggle room to be able to claim there present position??

If they pulled it off we would consider them pretty smart. Far from being dupped, perhaps perhaps Glencore will have egg on ther face.
As for getting involved with Glencore in the first place, well Hav is a small co with limited resources, Kalkaroo has been advanced, Hav has advanced. I suspect that no matter what the outcome as regards the dilution, the directors, even with the benefit would have done little different.
If Glencore want Hav which may well have always been the case, then it is the Directors job to make sure that they have to pay up. So far I don't see any reason to critisize too much.

We will see