I found this State One research report from 21 June 2019, with a target price of 21 cents (down from 30 cents on 17 April 2019).
"Thus, the SSA, if approved at an upcoming EGM (most likely to be held by end-July 2019), effectively gives GFG, for free, 51% of the Kalkaroo Project."
https://www.stateone.com.au/Researc...ationRef=e6882d5e-6a91-4b80-8d2d-b227a5f475c0
Reading this report, my conclusion is that Havilah needs to be taken out by a bigger and financially stronger mining company. It has no capacity to fund a $500+ million project, and no capability to deliver.
The best alternative for shareholders would be for Havilah's Board to find a buyer for the whole company (100% takeover or scheme of arrangement) at 30+ cents, if it can, rather than continuing to give up material pieces of value just to survive, IMO.
DYOR
I found this State One research report from 21 June 2019, with a...
Add HAV (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
20.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $67.85M | |||
| Open | High | Low | Value | Volume |
| 18.5¢ | 20.0¢ | 18.5¢ | $13.39K | 69.90K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 32000 | 18.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 20.5¢ | 20000 | 1 |
View Market Depth
| Last trade - 12.25pm 08/11/2024 (20 minute delay) ? |
| HAV (ASX) Chart |