annual meeting

At the annual meeting it was acknowledged that the share price would
not of held 23 cents if it had remained listed

It was also stated the company would not attempt relisting until there
was a certainty that the share price would above 23 cents more like 50 cents
or more

This requires they put some fines through the ELAZAC process ,50 to 100 tonne
and establish what head grade they can recover after smelting.

At this time I have no certainty of the outcome, the range being 1 0z to 10 oz gold
per tonne head grade

That still leaves the PGM as a further development project

If HAOMA achieve this process for gold, it will a required technology for every Pilbara
conglomerate gold company

Having Gary Morgan with the controlling interest protects us small share holders.

Gary Morgan will not give the company away at this stage. He is prepared to persist till
the technology becomes established and achieves the recognition it deserves

Then we will see how the market values HAOMA

The time frame, my estimate is 18 months