PhillipCapital Research Update, page-45

HAV management reminds investors of HAV's value:



As for HAV's share price, remember what Uncle Bob said [at the EGM on 28 August 2013]:

".... if someone sells 10 shares at the bottom of the market at a low price... , it is meaningless to attribute one person’s exit decision to the value of the entire company.

The true value of a company is its income generating ability (or in the case of Havilah, its future income potential). Sentiment rises and falls with the market waves but our assets have generally increased in potential value over time, and will continue to do so as we add to the resource, advance the permitting and de-risk the future."

Put simply: "Price is what you pay and value is what you get" - Warren Buffett

Look forward to some 'needle-moving' market-sensitive announcements ...

DYOR.