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...
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Last
18.0¢ |
Change
-0.005(2.70%) |
Mkt cap ! $56.99M | |||
| Open | High | Low | Value | Volume |
| 18.0¢ | 18.0¢ | 18.0¢ | $3.6K | 20K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 130000 | 17.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 18.5¢ | 11944 | 1 |
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| Last trade - 13.56pm 02/09/2024 (20 minute delay) ? |
| HAV (ASX) Chart |