"Do you know what happened to the feasibility study on Mutooroo? An MOU was signed. Did it all fall to pieces?"
Justhavinago,
See page 3 for the answer to your question:
https://www.asx.com.au/asxpdf/20080530/pdf/319d4lf2kfrw8b.pdf
FYI: the expenditure incurred by HAV for Mutooroo exploration (as disclosed in reports lodged with SARIG) was ~$3.5 million. HAV may have spent another ~$0.5 million since then on Mutooroo exploration expenditure.
If HAV got $3 million from Heilongjiang Resources Limited and issued with it 2 million shares, the effective issue price of the HAV shares was $1.50.
Cheers
These are only my random thoughts and it does not constitute investment advice. Before acting on any information you read and before making any financial or investment decisions, you should always consult your advisor(s) or other relevant professional experts.
HAV fanboy: still drinking the Kool-Aid
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