tightly held.

The Director G. Morgan controls the company. He is the major shareholder; 123M out of 183M that only leaves 60 or so Millions for the rest of us mere mortals. He' is funding ,the explorations ,tests, etc...etc.out of his own pocket. He has assured the board that His family Investment Fund will continue to provide the funds for the next 12 months of operations. (Deep pockets indeed !!)

Here is a interesting extract from the annual report.

CHAIRMAN’S REVIEW AND REPORT ON OPERATIONS
3. Cookes Hill – Pilbara, WA (E45/1562, M45/1005, 1031, 1032, 1033, 1034, 1035, 1036)
In July 2007, Haoma Mining NL in conjunction with Fortescue Metals Group initiated a small
RAB drilling program within the new railway corridor which crosses the E45/1562 tenement,
in the Cookes Hill/Indee area of the West Pilbara. The purpose of the investigation was to:
• Look for lead (Pb)/Zinc (Zn) /Silver (Ag) geochemistry similar to the DeGrey Mining
Orchard Tank Prospect style of mineralisation found on the adjoining tenements.
• Look for any other anomalous geochemistry including iron (Fe), copper (Cu) and zinc
(Zn).
Figure 2: Ground Magnetic Survey and RAB Dill Hole Locations
A total of 26 vertical RAB holes (as shown on the magnetic survey map above) were utilized
initially to probe through the alluvial cover. The program involved a total of 545m of drilling
with an average hole depth of 20m. Samples were collected at 1m intervals. Surface alluvial
intervals were left at the drill site while all other samples were sent to Australian Laboratory
Services (ALS) in Perth for analysis for Ag, As, Ca, Co, Cu, Fe, Mg, Mn, Mo, Ni, P, Pb, S,

Does someone knows something we don't ?By the way Fortescue is buying from HAO the rocks needed to built their rail tracks up in the Pilbara.