HAW 6.90% 6.2¢ hawthorn resources limited

luxury directors, page-12

  1. 509 Posts.
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    I was a holder of HAW a "million" years ago when Iron Ore looked like making the Company great ....... I sold at a loss back then but recently got back in off the back of the Gold prospects given the current potential for gold to run over the next couple of years.  I totally understand the frustration of those who have held for a long time ..... we've all held more than the odd "dead weight" stock over the years.

    That aside, given the grades that Box Well has shown to date and considering how stocks like NTM can run 400% off the back of results which are excellent but not too dissimilar to what HAW have already, you have to think that it shouldn't take too much to get this thing moving in the right direction.

    There is a fair amount of meat in last years drilling results (below) and I'm banking on management stepping up this FY and getting this moving.  If I'm wrong, it won't be the first time, but I will be very surprised  if they don't generate some serious interest over the next few months once they update the current results. If they released the below results in today's market you'd expect multiples of their current SP given their cash position .... low risk play in my view.

    From The March Quarterly:-
    13 metres @ 2.40 g/t Au from 20 metres in YMC068,
    35 metres @ 1.47 g/t Au from 6 metres in YMC070,
    26 metres @ 2.07 g/t Au from 19 metres in YMC075,
    15 metres @ 2.58 g/t Au from 112 metres in YMC076,
    27 metres @ 1.37 g/t Au from 24 metres in YMC085 (incl. 10 metres @ 3.06 g/t Au from 24m),
    38 metres @ 1.62 g/t Au from 12 metres in YMC092 (incl. 8 metres @ 3.37 g/t Au from 19m),
    36 metres @ 1.96 g/t Au from 42 metres in YMC093 (incl. 21 metres @ 3.01 g/t Au from 57m),
    19 metres @ 2.13 g/t Au from 101 metres in YMC095,
    12 metres @ 2.04 g/t Au from 37 metres in YMC096,
    15 metres @ 1.46 g/t Au from 46 metres in YMC099,
    10 metres @ 1.96 g/t Au from 19 metres in YMC120,
    7 metres @ 2.60 g/t Au from 121 metres in YMC121 (incl. 3 metres @ 5.04 g/t Au from 123m),
    12 metres @ 2.50 g/t Au from 31 metres in YMC124, and
    7 metres @ 6.60 g/t Au from 22 metres in YMC127 (incl. 3 metres @ 11.99 g/t Au from 22m).
 
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