haw: no formal offer from lcy., page-4

I'm still in but very disappointed in LCY; I have learned a valuable lesson by not trusting any of these lifestyle company's managers any more.

Here is he summary of HAW's statement for all these who don't read or believe it.


Mt Bevan Iron Ore Project (Hawthorn 40 per cent)

There has been much speculation over the ownership of the Project with the Company’s Joint Venture
partner, Legacy Iron Ore Limited(“Legacy”) having publically re-iterated its intention to acquire your
Company’s 40 per cent interest in the Project.
Whilst your directors have indicated a willingness to consider a meaningful proposal and that discussions
have taken place over time with Legacy and its advisers I re-iterate the comments of the Managing Director
to shareholders at the recent shareholders meeting that the Company has not at this time received a formal
proposal.