HAV havilah resources limited

2.67%

77.0¢

Ann: Kalkaroo Project PFS Update, page-39

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Guerilla

671 Posts.

43

11/04/18

09:22

Post #: 32366248
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Originally posted by Guerilla ↑

'I suspect Wanbao really wants a bargain'

With the SP at 24c, if Wanbao really wants a bargain, it could start buying HAV on-market (assuming it has not done so already). Buying as many undervalued shares as possible on-market would allow Wanbao to reduce its overall average entry price. It could potentially accumulate a sizeable position for < $1ps, particularly with the discontent voiced toward management among many shareholders on this forum. (As a guide, 10% of SOI traded on ASX since Nov-17; all < 30c!).

Once it has reached 20% (or sooner), Wanbao could borrow from the Mitsui/AWE playbook and mount a take-over bid at 'fair value' conditional on a minimum 50.1% acceptance. This strategy would minimise the leverage held by Giles/ Johnson ~ 30% stake. Given it has the PFS in its possession, Wanbao may decide to pass on due diligence (as Mitsui did on AWE).

Energy metals (Cu-Co) are the hot ticket on the planet. Not sure how long a game many of the protagonists will want to play. After all, the so-called ‘arms race’ has seen end users deal directly with miners. Let’s not discount Au either with the ‘trade war’ rattling markets in recent times.

DYOR

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'Let’s not discount Au either with the ‘trade war’ rattling markets in recent times.'

SWOT Analysis: Gold Advances on the Risk of Trade Wars- Kitco

http://www.kitco.com/commentaries/2...-Gold-Advances-on-the-Risk-of-Trade-Wars.html

"According to Sprott’s CEO Rick Rule, gold is on its way to $1,400 an ounce due to trade war risk… One ounce of gold now buys 21 barrels of oil compared with the 25.4 barrel two-year average, according to Bloomberg. Crude oil is around $64 currently and if the gold-to-crude ratio reverts back the mean, bullion would trade in the $1,600 an ounce range."

DYOR

HAV Price at posting: 24.0¢ Sentiment: Buy Disclosure: Held
2 Upvote

0 Great analysis

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Last 77.0¢		Change 0.020(2.67%)		Mkt cap ! $265.4M

Open	High	Low	Volume
76.0¢	77.5¢	76.0¢	57.21K

Buyers (Bids)

Vol.	Price($)
154485	77.0¢

Sellers (Offers)

Price($)	Vol.
78.0¢	19196

Last trade - 16.10pm 21/08/2026 (20 minute delay)

HAV (ASX) Chart

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