Ann: HIO Strategic Review announcement, page-100

I made substantial money on Magnetitite in the rise and sold 100%. Should have done the same with Hawson but still free carried as I sold a sizeable proportion at a profit but could have done well if I Didn’t get annoyed about my capital gains tax. 2 months out. However There is no comparison between the calibre of management between M and H. In my opinion Hawson have a great asset if it is financially viable in the future but a lousy management. When Bryan piked on his Ródeo show I should have followed my gut which I didn’t. He has to go in my opinion and his statements should be carefully analysed which might impinge on his future. I bought back into Magnetite ( as it has fallen alot) on the calibre of the management, their track record as individuals. Anyway I won’t sell HIO as these types of shares are a punt! However I feel misled dramatically.