trading halt, page-28

It depends on the term of the takeover. Normally, you are offered either a cash price for your shares (say 1c per share) or a script offer (say 1 share in takeover company for each HAW share you own) or a combination of cash and script. Alternatively, you can just sell your shares on market after the takeover is announced but before it takes effect.

Article from The Australian about the Yilgarn Iron Producers Association meeting:

http://www.theaustralian.com.au/business/eleven-miners-in-was-yilgarn-hope-to-form-a-new-powerhouse/story-e6frg8zx-1225935650380