Havilah (HAV) - an example of danger

SilverSanchez

SilverSanchez

Active Member
Brent Cook says that he looks for the fatal flaw - I believe HAV is a good example (ironically they use Cook's graph in their presentation)
http://www.havilah-resources.com.au

This company says they are meaning to bring their Portia deposit to production through an open pit mine

They say they have a JORC resource of 720,000t @ 3.1g/t Au for 72,000 ounces

They DONT have a reserve because their resource is only INFERRED - you cant apply economic modelling to an inferred resource (minimum needed is an INDICATED resource)

Hence they cannot legitimately call their resource 'ORE' - ore is a concentration of material taht can be mined now at a profit (HAV cant proove this)

THEREFORE - they will have problems financing this, they might jerk some sophisticated investors to supliment finding and mine the shareholders/market

They use a Au price of A$1750per ounce and their details of expenditure is completely void of a COST PER OUNCE because THEY COULD NOT HAVE DONE A feasability study of an inferred resource.

YET they tick off the pre-feas and the feasability study on their project status - no bankable feasability study!


This company is a joke - lots going on here that stinks

I have been looking through their material for answers to my questions - and they play the language game - talking up their project, but having nothing
AND THEY KNOW IT - becaus ethey have 'qualified persons' as defined in the JORC code ON THEIR BOARD!

Im NOT saying you cant make money on this company
I AM saying there is no reason i can see to trust this resource will ever become a reserve, and if they are doing this with one project - what will they do with the others?

These directors also have another spin off company with geothermal properties - stay away from them as well IMO.
 
Interesting point - Mickey Fulp taught me to look carefully at the website of a company because it may show if the company pay attention to details and plan on being around for a long time.
 
SilverSanchez said:
They use a Au price of A$1750per ounce and their details of expenditure is completely void of a COST PER OUNCE because THEY COULD NOT HAVE DONE A feasability study of an inferred resource.

YET they tick off the pre-feas and the feasability study on their project status - no bankable feasability study!


This company is a joke - lots going on here that stinks

I have been looking through their material for answers to my questions - and they play the language game - talking up their project, but having nothing
AND THEY KNOW IT - becaus ethey have 'qualified persons' as defined in the JORC code ON THEIR BOARD!
Click to expand...

Short it?
 
If you think the whole market has discovered this deception but is waiting for a particular day to all get out at one time - yes

If not then - don't ask me :) I don't know
 
What a joke!

Havilah have made a bid for Curnamona Energy Limited

look at the directors of both of those companies - they are buying what they started in the first place.

I have absolutely no idea why this stock has gone up - maybe I'm not seeing something
Or maybe im not missing anything and its the latest effect of the unfolding scandal

I dont know if shareholders have been informed or not i just noticed the rise and the anouncments


This (these two) companies are a failure - im noting the directors and adding them to my 'do not touch if these are involved' list
 
bjBYz7oh


This is giving me a sore neck.
 
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