At the Havilah 2019 EGM, the following exchange took place...

At the Havilah 2019 EGM, the following exchange took place between Dr Johnson and the Board during that meeting:

Dr Johnson: "Does each director consider the $12.5 million CMC receivable is still 100% recoverable? I would like each director to tell me their view."

Mr Janes: "Yes."

Dr Johnson: "Mark, is it recoverable. $12.5 million."

Mr Stewart: "As things stand, yes."

Dr Giles: "I'm not sure."

How did Dr Giles go from being confident that payments will be received in due course, in his 14 January 2019 EGM Letter to Shareholders, to "I'm not sure" on 4 February 2019?

At the 2018 AGM Mr Richards and Mr Radford agreed that between March and June 2019 will be when North Portia mine plans and permits are expected to be completed.

Let's see what the Board says this week about the $12.5 million receivable's recoverability, via the quarterly report due no later than Thursday's close, particularly with respect to the status of the permitting.


DYOR