"Havilah is progressing with the planning and preparatory stages of the Portia gold project as, if feasible, it will be a comparatively simple, low capital project that Havilah can manage. It may well provide the cashflow required for Havilah to develop its own substantial copper and gold projects at Kalkaroo if necessary and thereby transform the Company into a significant miner in its own right without substantially diluting existing shareholders."
substantially diluting existing shareholders.
To think, here we are so many years later and the only significant alteration is that we have now 120.3m shares on issue compared with 72.5m shares back then, thus our equity has fallen by just over 60 per cent.
and how about the share price???. still no funding...
HAV Price at posting:
30.0¢ Sentiment: None Disclosure: Held
