Ann: Hawsons Iron Project Update, page-52

Thanks for replying. My worry is the quality of the individuals running the show. I made a very ham some profit out of MGT before consolidation. I owned that share for 10 bloody years! Or there about. Down over 100% on my buy back in, ill conceived consolidation. Too early. Nevertheless I partook in the latest capital raise. I am nervous of HIO and their management. We know they have the resource but the ability to move forward is in my opinion the issue. I wait to see the quality of their partner if it happens. I hope BG does not commence again his “waltzing through the tulips” YouTube videos!!! I own MGU which has been disappointing, down heaps but they seem to have a set plan which I like. HIO is all over the ship as illustrated by their latest plan. However it may appear they may have a grip on costs to get this up and running and given the softness of the ore it might be viable. I hope so.