HAO has a small register and Gary controls about 130 million of the about 180 million shares , there are no options or performance shares,it will be interesting to see how many are on the sell side
gary has believed in the presence of gold in the Pilbara for more than 20 years
re the banded iron at Mt Webber, the literature on similar formations on Baffin Island have layered sedimentary depositions from an aqueous environment as the most probable process
gold is more of a problem, was it deposited in association with the iron and therefore it might be uniformally present, with a simple composition, which might make it easy to separate the gold
or were there local epithermal events which could mean the gold will have areas of higher concentrations and a different composition that might be complex, making the gold difficult to separate, which has been the HAOMA problem
HAO Price at posting:
23.0¢ Sentiment: Buy Disclosure: Held