HAW 0.00% 6.0¢ hawthorn resources limited

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  1. 391 Posts.
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    I think this co is a perfec example of a lifestyle co, where shareholders value is erroded as time goes. The co pretends to be doing something while drawing on any reserves they have.

    When they run out, they issue some more shares to be able to keep doing this till retirement. If the share price becomes too low, just consolidate and drive it down again and do this again.

    I can not believe they tricked the chinese partnes in and we also fell for their last share issue. All who are still here from the last issue are left with less than 20% of the capital invested and a very iliquid share action. To me it looks like getting back into the sub 1c if this continues.

    We were promissed gold results and mine setup, pigs may fly too...
 
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