The Iron Ore leases may be world class but the project is not an attractive acquisition for anyone while the current JV remains as a 60:40 split. Hawthorn doesn't want to contribute towards any project exploration and I'm sure Legacy haven't offered enough money to buy out Hawthorns stake. Pump and dump or something else, will find out in due course.
market heavyweight RIO TINTO and LCY, page-35
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