Really what has changed since last friday when HAW hit .046 cents not much except the market has had a bit of a spook. Yet American figures have come and odds of a reccession have reduced by by 50%. Aussie markets spooked due to BNB. Yet our GDP remains strong. About hawthorns iron ore what we don't know is how wide it is as there has been no drilling as they can't tell by outcrops and sampling. Permits for drilling are in a drilling track has been built and HAW is waiting for drilling permits. Record prices are still being paid for ore. If this was a green field project maybe I would be a bit concerned but its a brown field.
So fundemetally nothings changed for haw except market sentiment and punters panicing what makes me laugh is I look at stocks like NSL who have only done the same sampling no driling but up they go.
HAW Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
