HAW 0.00% 6.1¢ hawthorn resources limited

As much as the retail holders of the 25% free float outside of...

  1. 314 Posts.
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    As much as the retail holders of the 25% free float outside of the Top Twenty are "in the dark". The JV participant (GEL) must be getting somewhat "antsy".

    Hypothetically, if I were HAW I'd be looking to tidy things up by consolidating ownership into 100% and then look towards either some type of equity deal with Saracen or getting them to consider making an offer (take-over) for HAW. A premium over the current SP (say 100%) and a special dividend of all funds at hand would be a nice.

    They don't seem to be in any type of hurry though.

    At least they aren't burning through the cash at hand. (yet?)
 
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