Ann: SIMEC Exclusivity Extended on Iron Ore Projects, page-5

'...and for the parties to continue negotiations on the terms of a deal structure and commercial arrangement...'

Here we go again- Wanbao 2.0.

Another 30 days for HAV's underachievers to draw down a further ~ $0.5M against the Investec loan without any income. And what are the chances of any related drilling announcement during the '30 Day extension of exclusivity'? ICYMI: the last such release was 2 months ago, 29/1/19.

The market is giving zero credit that any negotiated deal will be value-accretive to HAV shareholders.There isn't exactly FOMO that a multi-bagger is in the offing. With the SP at a 4 year low of 14c, FONGO seems more likely. How is last year's deal with CMC working out?

HAV's Fe assets are irreplaceable. If they're given away for nix, which seems a likely outcome given the track record of HAV's current leadership, there's no getting them back. Let's face it- HAV's Chairman & CEO are no match for the Man of Steel. Who has real skin in the game? Mr Gupta of course.

Gina, Twiggy et al - if you want to get your hands on tens of billions of dollars of JORC ISV amid a rich block of ground in neighbouring South Australia, covering copper, gold and iron ore, the extension ploy is providing you with an opportunity to pounce on this undervalued stock. Turn the tables!

DYOR

PS: HAV's HY19 accounts due in mid-April.