Guys, let’s put things into perspective.
HAW was and still is a prospector who happened to come across a mega huge iron ore deposit, Mt Bevan.
They new they had a Stella iron ore deposit, but they didn’t have cash to advance it.
Then they made an agreement with LCY to expend circa $5 million to drill and confirm
Mt Bevan’s iron ore potential. It was huge! Then NMDC said it was the best magnetite
ore body in the world.
The Indian company NMDC were all over it, and said they had the cash to develop the
project.
Yes they had deep pockets, but very short arms and just pissed about how they would get the job done. They played the very long game with LCY share holder’s and used time,
capital raiser’s etc to diss in franchise LCY holders. Hence we have NMDC owning
over 90% of LCY.
All of the above is back ground info for the thinkers of HAW and LCY holders.
So along comes Gina, who has the cash, experience and commitment to realise the full
potential of the Mt Bevan project.
Yes our overall percentage looks small, but this is huge deal and we are basically being
free carried by Gina.
I know full well that this whole saga has been a mini series and has gone on longer
than Home and away. But IMHO we are on a huge winner, if we hang on.
Keep the faith and stay strong.
HAW Price at posting:
14.3¢ Sentiment: Buy Disclosure: Held
