I think HAW was trying to protect itself from a takeover by merging with ELL. I think that HAW were looking at taking over JMS and becoming one of the big boys. With Pallinghurst in play HAW might be the target now. All I know is that HAW is very undervalued compared to JMS and the other iron stocks. I would not be suprised if this stock was at 10c or above next week.
This is my opinion only so please DYOR.
red rock and pallinghurst, page-4
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