Rights trading ends today.
So far, 6.3m HAVR have traded on the ASX. This takes the total gross volume traded on ASX to 23.2% of 27.1m rights available.
Should the buyer/s not take up the rights they will go into the top-up pool. I'm guessing the buys are strategic and therefore the buyer/s will take up their HAVR. Further, it would be difficult to pick up that volume (6.3m) at that price (20c) on market without significantly moving the needle.
With HAV at 21c, theoretically HAVR are worth 1c. Interesting day ahead with plenty of offers below that.
If the HAVR buys are strategic... I read with interest that 'two major Finders Resources (FND) shareholders have joined forces to try to seize larger stakes in the copper junior through a $178 million hostile cash offer' [23cps] (See AFR #). FND has a resource of 8.9Mt @ 2.4% Cu for 200kt Cu. This compares with HAV's 1.4mt of Cu + Au + Co + Mo + Fe. I note that Cannaccord has a $0.40 price target on FND and Petra has a $0.42 target (Source:findersresources.com). Also, FND's mines are producing and in Indonesia as distinct from HAV's undeveloped mines in Australia.
Interesting times ahead.
DYOR
# http://www.copyright link/business/...lders-team-up-for-hostile-bid-20171023-gz6g8q
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Last
17.0¢ |
Change
0.005(3.03%) |
Mkt cap ! $53.82M |
Open | High | Low | Value | Volume |
16.5¢ | 17.0¢ | 16.5¢ | $11.12K | 66.91K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 70074 | 16.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
17.0¢ | 14871 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 70074 | 0.165 |
1 | 50000 | 0.160 |
2 | 35612 | 0.155 |
2 | 92208 | 0.150 |
5 | 285663 | 0.145 |
Price($) | Vol. | No. |
---|---|---|
0.170 | 14871 | 1 |
0.175 | 4000 | 1 |
0.190 | 30000 | 2 |
0.200 | 57893 | 2 |
0.210 | 16000 | 1 |
Last trade - 15.07pm 28/03/2024 (20 minute delay) ? |
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Last
16.5¢ |
  |
Change
0.005 ( 0.00 %) |
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Open | High | Low | Volume | ||
17.0¢ | 17.0¢ | 16.5¢ | 40373 | ||
Last updated 13.26pm 28/03/2024 ? |
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HAV (ASX) Chart |
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