I am sure Legacy management got legal advice that they are...

I am sure Legacy management got legal advice that they are entitled to their 60% before they released such an announcement.

Pressure is now on HAW to either confirm the 60% or step in the market and say something which could potentially be misleading.

But Haw has about $3.5m in the bank, so on a 60:40 spend with Legacy, an exploration budget over say $5m is going to send HAW back to the capital raising market, at a time when Legacy's share will probably be able to be traded.

Imagine the damage legacy can do there. Bearing in mind it took stock at $0.006 per share, so there is a lot of profit still on the table for them.

Down she goes.