Chris Corrigan still holds a major chunk of HAW. Given his resignation dragged the SP down, it must hurt his pocket a bit, at least in the short term.
The reason for Corrigan's resignation is left hanging. Other ASX entities may have at least put out some total BS to soothe the punters, but not our HAW. Seems we need Hercule Poirot to make sense of this one.
After all, the fat lady is primed to sing. Trouser legs, recommencement in the pipeline, further reporting imminent, may soon be up and running again, at a lovely gold price. Mt Bevan looming in the background too - LYC SH's excited by strong commodity prices.
Of course, without info, we start speculating: - Doom senario: is there some crazy and fundamental disagreement that drove Chris out? - Or did Corrigan step aside to let HAW pull a bigger rabbit out of the hat? - Are HAW going to sell-off or JV their assets in this currently strong market, and no longer require Corrigan's services? Has NMDC made an backroom offer to take full ownership of Mt Bevan? And the gold tracts, they must be worth a bit in this market? It could make sense - cash out on the crest of the wave. - Or does Chris, given he's already secured his slice of HAW, figure it's a good time to let someone else do the yakka, take another jammy job elsewhere, or retire on a big white yacht?
Who knows at this moment? HAW is like a long-running mystery thriller, in a market full of self-improvement books.
I'll keep faith in the obvious - that the big SH's do care two hoots about getting a return on their investment.
HAW Price at posting:
9.0¢ Sentiment: Buy Disclosure: Held
