Ann: Corporate Restructure and Share Purchase Pla, page-101

re: Ann: Corporate Restructure and Share Purc... dgh

your post may be informative to some and factual.

but the paragraph in which you state this is not done intentionally to dilute lcy is baseless assumption on your part. you have no idea what haw is thinking unless you are part of the team.

if they had no intention to dilute lcy then why not raise the capital when they had ample opportunity at 1.6 and higher. they needed the funds then too.

this is assumption on my part. and you know what they say about assumptions. this is either extremely clever or extremely stupid on haws part. time will tell. haws board are very experienced. I think they see a chance to cash up and bring in investors from mt bevan. haws share of 2 billion tones plus of iron ore is a giant resource in anyone language.


everyone know this especially our non holding friends who are trying to save us from investing in this so called useless company with one of the biggest jorced iron ore resources in australia. (spec company)

even with this raise and increase in shares haws market cap is still unbalanced. amount of shares is irrelevant, its market cap or in ground value that values a company. I have my fingers crossed that jms will finally wake up and try to take a piece of mt began. they were interested in the past,let's see if they or someone else can shake things up a little