HAW 0.00% 6.1¢ hawthorn resources limited

lcy prepares for acquisition action, page-11

  1. 880 Posts.
    Actually jwh, there isn't a mention of anything substantial other tha the hiring of an adviser.

    Tells us what we already knew. They're going to buy assets.

    Where is the MoU? If they've been hired to coduct diligence on purchase then we should see something soon. Whether it be HAW or otherwise.

    Otherwise we can infer that they''re hired to progress stalled discussions.

    With regard to HAW l don't see how LCY can continue to prove the asset and then expect HAW to roll over for a small sum of money.

    HAW wants an exit. So tempting them with free carry for the next x number of years doesn't seem logical.

    NMDC have acted contrary to their best interests In their dealings with Haw.
 
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