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 $500+ million project, and no capability to deliver.
The best alternative for shareholders would be for Havilah's Board to find a buyer for the whole company (100% takeover or scheme of arrangement) at 30+ cents, if it can, rather than continuing to give up material pieces of value just to survive, IMO.
DYOR
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I found this State One research report from 21 June 2019, with a...
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Open | High | Low | Value | Volume |
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---|---|---|
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Price($) | Vol. | No. |
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18.5¢ | 11944 | 1 |
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No. | Vol. | Price($) |
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2 | 40250 | 0.160 |
2 | 150000 | 0.140 |
1 | 30000 | 0.130 |
1 | 6250 | 0.080 |
Price($) | Vol. | No. |
---|---|---|
0.185 | 11944 | 1 |
0.190 | 47615 | 2 |
0.200 | 48418 | 3 |
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