Ann: HAW Dec23 Quarterly Activities Report and Appendix 5B, page-3

Yes it looks a bit strange. But when you look at some of the dynamics of HAW, the top
20 share holders own circa 73% and that equates to not a lot of liquidity of shares being bought or sold.
The under lying foundation is very strong in IMHO.
HAW has a strong potential of being a takeover target. Hopefully Gina would be a top
candidate to facilitate this.
In the short term some cash flow from the gold hopefully translates into a dividend
being paid.
As time progresses the PFS on iron ore, lithium, nickel and copper exploration only
enhances the potential for share price increase and or a takeover. Keep in mind the top 20 are not heading for the exit’s, so keep the faith and be strong.0