I hate to say it but administration is my prediction too. CMC have to pay $5.5million 12 months after the first $3.5million payment, so why not delay as long as possible to get the funds together.
I'm assuming we will get the first $3.5 million before November but we will likely owe more cash than that by then hence the need for another loan/CR. HAV has dug a big hole for themselves now and I can't see how they get out of it without some left field event like SIMEC grabbing our iron ore before it's a JORC resource.
Personally, I'm weighing up the option of just taking a loss and getting some cash back before it's too late. I'll wait for the financials and see just how bad things are.
I hate to say it but administration is my prediction too. CMC...
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Last
22.0¢ |
Change
0.010(4.76%) |
Mkt cap ! $58.57M | |||
| Open | High | Low | Value | Volume |
| 21.0¢ | 22.0¢ | 21.0¢ | $36.43K | 170.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 25059 | 21.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 22.0¢ | 107100 | 5 |
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| Last trade - 12.32pm 04/12/2024 (20 minute delay) ? |
| HAV (ASX) Chart |
