what a mt bevan buyer could make, page-7

Management have the opportunity going forward to prove wrong the doubters. Yes, much of the animosity towards mgmt. in recent times is probably warranted. Having said that, people’s opinions can and will change very quickly so long as the right decisions are made in future.

No doubt interest has been shown towards Mt. Bevan by other parties besides just Legacy. With other junior iron ore miners having been snapped up of late, it's now time for Management to ramp up dialogue with that of would be interested buyers in order to come up with the best result for HAW shareholders.

In my opinion, much of this may already be in play as we were due a revised term sheet in the middle of Feb and any onging discussions re. sale of Mt. Bevan would have to be negotiated behind closed doors and terms agreed on before the market would be informed.