I think it is time for a regroup and a reflection of what HIO is and has
Even though there is no solid institutional representation at the top .... the top shareholders are aligned (and would welcome contact from some new top shareholders ..... you know who you are) and have always wondered why others thought it would be best for Hawsons NOT to be in our hands
With my daughters into horses,
I have always enjoy the first few words of Banjo Patterson's "Man from Snowy River" ..... enjoy the cryptic!
This is my story!
It all started with an investment in Giralia GIR back in the day which had a few spin offs UTO, ZNC, GCY , PMC and CAP
A summary below of CAP/HIO through the eyes of a shareholder who started off with a little and I now I have a lot ….. I thought this would all happen in 2011 with the last Fe cycle but as luck would have it, I’ve been able to accumulate and contribute to the Company when required to hopefully take advantage of the current Fe cycle
Firstly, I would like to thank CAP/HIO for introducing me to other shareholders that regardless of what CAP/HIO does ….. I would be happy to have a drink with through good times and bad …. for me ….. success is judged by how many others I have assisted along the way ….. for those with my contact details you know that I am available 24/7 ….. rereading posts I recognise many of today’s contributors from the past and I wish nothing more for all of us than HIO being what it was meant to be! ….. a Fe Producer
A special thanks to
@That Fundamental Guy
and
@Hottin
et al and a few old soles
@r36snowbound
and
@5hareholder
….. you all do not realise that without a couple of mini coups along the way by these guys ….. this post would be irrelevant!
I would encourage you all to read through the old HotCopper CAP threads to put all of this into perspective ….. I have paraphrased below but have concentrated on how much certain parties have wanted Hawsons time and time again
If there is anything that I have got wrong please correct me (it took me a bottle or two to put this together)
CAP – Carpentaria Exploration Limited
Nov 2007 (0.22 - 0.335)
14 November 2007 CAP listed and opened @ 0.335 ….. GIR owns 10.5% of CAP with Directors owning 4%
Nick Sheard our Executive Chairman, Robert (Bob) Hair and Stanley Macdonald were notable Board members …. Quentin Hill joined the Company in Jan 2008 as a Senior Exploration Geologist
May 2009 (0.04 – 0.08)
ASX announcement outlines a significant magnetite iron ore prospect 60 km out of Broken Hill
At the time they also had Coal and Copper/Gold out of QLD, Copper/Gold and Silver/Lead/Zinc/Tin out of NSW
Oct 2009 (0.10 – 0.26)
H&S conduct the initial study ….. 2.5Bt to 4.5 Bt
“In addition to the substantial tonnage potential, conceptually straightforward miningtechniques and proximity to infrastructure, the earlier DTR results revealed a very cleanmagnetic concentrate with iron grades of 69% - 70%. Carpentaria intends to follow upearlier drilling results to determine the full potential of the area and seek to establish aninitial Inferred Resource.”
Feb 2010 (0.115 – 0.15)
“Large magnetite deposit – Hawsons – possible company maker”
Apr 2010 (0.145 – 0.66)
CAP announce a farm in deal with Bonython Metals Group (BMG)
Conglin Yue becomes a substantial shareholder with 7.35% and increases holding from 7.35% to 10.29% ….. at the time he has substantial investments in Mount Gibson Iron, Golden West Mining, Fairstar Resources, Hunan Valin Steel and Cape Lambert …. “in the top 100 resource stock holders in Australia”
May 2010 (0.255 – 0.52)
Conglin Yue increases holding from 10.29% to 14.70% to 14.99%
Jun 2010 (0.27 – 0.425)
Conglin Yue decreases holding by 14.65% with the transfer toAustralia Conglin International Investment Group Pty Ltd takes up the 14.65% stake
Jul 2010 (0.31 – 0.54)
Australia Conglin International Investment Group Pty Ltd increases from 14.65% to 16.31%
Australia Conglin International Investment Group Pty Ltd increases from 16.31% to 17.53%
Australia Conglin International Investment Group Pty Ltd increases from 17.53% to 19.34%
Conglin announces takeover offer, the Board reject the takeover offer
CAPO exercised (GIR involved) and Australia Conglin International Investment Group Pty Ltd decreases from 19.34% to 15.08% due to the options exercised
Dec 2010 (0.505 – 0.895)
“Maiden 1.4 billion tonne resource for the Hawsons Iron Project”
Feb 2011 (0.515 – 0.655)
Ample Source International (ASI) ….. Wilson Cheung as representative makes an appearance as the financiers for BMG
Atlas Iron Limited (AGO) takes a 9.08% stake
May 2011 (0.415 – 0.56)
CAP appoints Mr Bin Cai MD of Australia Conglin International Investment Group Pty Ltd who currently have 14.40%
Positive PFS announced
Feb 2012 (0.24 – 0.415)
Stan Macdonald resigns as Director
BMG ordered to be wound up ….. dispute originated with ASI
Jun 2012 (0.30 – 0.345)
Silvergate Capital Pty Ltd (SGC) enter the scene with a 12.94% purchase ….. ASI is the “ultimate beneficial owner” of Silvergate
Jul 2012 (0.35 – 0.43)
Silvergate Capital Pty Ltd (SGC) increase from 12.94% to 14.31%
Silvergate Capital Pty Ltd (SGC) increase from 14.31% to 15.45%
Silvergate Capital Pty Ltd (SGC) increase from 15.45% to 17.36%
AGO ceases to be a substantial shareholder
Oct 2012 (0.21 – 0.275)
Silvergate Capital Pty Ltd (SGC) increase from 17.36% to 19.29%
Nov 2012 (0.20 – 0.25)
SGC requisitions a meeting to:
• appoint Wilson Cheung and Linda Lau as Directors
• remove Neil Williams and Paul Cholakos as independent Directors
….. too much bullshit
Feb 2013 (0.16 – 0.22)
Liquidators of BMG receive an offer to purchase the interest in Hawsons by Pure Metals Pty Ltd (PM)
SGC requisitions a further meeting to:
• appoint Wilson Cheung and Eric Walsh as Directors
• remove Nick Sheard and Bob Hair as Directors
• remove Neil Williams and Paul Cholakos as independent Directors
….. way too much bullshit!
Mar 2013 (0.165 – 0.31)
EGM cancelled and CAP/PM enter a JV
Jul 2013 (0.175 – 0.215)
Quentin Hill appointed MD (originally CAP’s senior exploration geologist and then BDM) with Nick Sheard stepping back to be a Non-Executive Chairman
Sep 2013 (0.165 – 0.185)
Wu Jiping (connected with SCG) takes a 19.90% stake in some sort of mortgage arrangement
Nov 2013 (0.145 – 0.18)
Deed of transfer connecting:
• SGC
• Mr Wu Jiping
• Starlight Investment Company Pty Ltd (SIC)
• PM
• ASI
• Edward Maurice McCormack
• Wilson Wai Yin Cheung
Jun 2014 (0.06 – 0.08)
Silvergate Capital Pty Ltd (SGC) decrease from 19.29% to 17.97% after share issues
Jul 2014 (0.06 – 0.075)
Nick Sheard resigns as Director/Chairman
Neil Williams is appointed Director/Chairman
Sep 2014 (0.045 – 0.06)
SGC requisition a general meeting to:
• the appointment of Linda Lau and Malcolm Northey as Directors
• the removal of Quentin Hill, Bob Hair, Neil Williams and Paul Cholakos as Directors
Sep 2015 (0.025 – 0.035)
Bob Hair resigns as Director and is appointed as Secretary
Nov 2016 (0.045 – 0.055)
SG Hiscock & Company Pty Ltd enters the fray with a 5.42% holding ….. they will appear later as a foe not a friend
Oct 2017 (0.07 – 0.08)
Carpentaria Resources Limited ….. change of name
Nov 2017 (0.075 – 0.125)
SG Hiscock & Company Pty Ltd increase from 5.42% to 7.56%
May 2018 (0.07 – 0.08)
Bin Cai resigns as Director
June 2018 (0.07 – 0.08)
Jon Parker appointed as Director
Feb 2019 (0.05 – 0.055)
Australia Conglin International Investment Group Pty Ltd ceases to be a substantial holder
May 2019 (0.05 -0.065)
SG Hiscock & Company Pty Ltd reduces 7.56% to 5.48% after share issues
Nov 2019 (0.03 – 0.04)
Neil Williams retires from the Board
John Anderson joins the Board as Non-Executive Chairman
Apr 2020 (0.015 – 0.030)
John Anderson retires from the Board as Non-Executive Chairman
Jon Parker is appointed interim Chairman
May 2020 (0.02 – 0.03)
Peter Graham joins the Board as Director and is appointed as Non-Executive Chairman ….. how independent was this bloke?
Jon Parker retires from the Board as Director
Sep 2020 (0.025 – 0.065)
Agreement is reached with the JV CAP 70% Pure Metals 30% to issues shares to PM in exchange for CAP 94% SIC 6%
Linda Lau to join the Board
Oct 2020 (0.035 – 0.045)
SG Hiscock & Company Pty Ltd ceases to be a substantial holder
Nov 2020 (0.03 – 0.04)
Votes tabled at the AGM 02/11 nearly had the only independent Director Paul Cholakos voted out ?!? by stealth ?!?
10/11 a shareholder notice was received by 3 shareholders for:
• removal of Paul Cholakos
23/11 a second shareholder notice was received by a multiple number of shareholders for:
• removal of Peter Graham
• appointment of Bryan Granzien
Dec 2020 (0.035 – 0.06)
Votes for the removal of Peter Graham 64.58%
Votes for the removal of Paul Cholakos 37.09% ….. or 62.91% in favour of him sticking around
Votes for the election of Bryan Ganzien 64.18%
This is IMO the most important milestone of CAP ….. we (my fellow shareholders) smelt a rat ….. and ..... if it smells like, tastes like & feels like a rat ….. it’s a RAT
Jan 2021 (0.04 – 0.055)
Quentin Hill resigns as MD
Feb 2021 (0.03 – 0.045)
Linda Lau resigns as Director
Jon Parker invited back on the Board as Director
ASI (principal shareholder of PM and owner and controller of SGC) is placed into liquidation
Since then you have either been on board or can all read through the last year to catch up
Slider
PS: touch base on [email protected]
PPS: it looks like I will now have to update this for the last 2 years !
(20min delay)