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Very large, positive volume on friday ... combined with upcoming drill results, are making things look more promising for holders of HAW.
HAW - Hawthorn Resources
- Thread starter tigerboi
- Start date
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I been hoping for some more promising news from this lot as i am still holding.. Anyone else holding this stock?
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bump..... looking for any thoughts on this..
any takers?
going once..
going twice...
any takers?
going once..
going twice...
I'm holding as well but wonder if this resources tax has affected exploration companies. If their Iron Ore resource is a viable mine then I guess they have to attract someone to mine it or get into mining themselves. From what is being said companies and investors don't want to put anything towards mine development in Australia because of the uncertainty of this Tax. They will be developing mines in Africa and Brazil so maybe have a look at CFE instead. If only I knew for certain - but of course I don't!
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I think the biggest problem with Hawthorn is their management. Progress is extremely slow on all projects and there is a general lack of information. IMO, their prime focus should be on defining a resource at Mt Bevan, or at the least, a exploration target. Their Yilgarn neighbours Jupiter and Mindax are both progressing on the corporate front and with drilling campaigns. Singapore's Lion group has recently invested $15m in Mindax so their is still interest in the area and iron ore juniors despite uncertainty over the resource tax. Jupiter has stated its intentions to consolidate iron ore players in the region, including Hawthorn, but Hawthorn really needs to progress on their drilling program.
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"Company Announcement
HAWTHORN RESOURCES SET TO CONFIRM JOINT VENTURE TO
DEVELOP MT BEVAN IRON ORE ASSETS
Hawthorn Resources Limited (ASX: HAW) advises that it has agreed to joint
venture its Mt Bevan Iron Ore assets with Legacy Iron Ore Limited (ASX: LCY).
LCY and HAW have signed a Letter of Offer to joint venture the Iron Ore assets
at Mt Bevan, which is located approximately 100km west of the Leonora
township in the central Yilgarn region of Western Australia."
Anyone care to discuss?
HAWTHORN RESOURCES SET TO CONFIRM JOINT VENTURE TO
DEVELOP MT BEVAN IRON ORE ASSETS
Hawthorn Resources Limited (ASX: HAW) advises that it has agreed to joint
venture its Mt Bevan Iron Ore assets with Legacy Iron Ore Limited (ASX: LCY).
LCY and HAW have signed a Letter of Offer to joint venture the Iron Ore assets
at Mt Bevan, which is located approximately 100km west of the Leonora
township in the central Yilgarn region of Western Australia."
Anyone care to discuss?
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On face value, it seems a better deal for Legacy who are paying $5million for a 60% stake in the Mt Bevan project. Mt Bevan extends for 25km along strike from Jupiter's Mt Mason project. Hawthorn haven't really made much progress at Mt Bevan recently but from limited drill hole data, they have confirmed that the grade and width is similar to that of Jupiter's Mt Ida which has an exploration target of over 1Billion Tonnes. Mt Bevan has potential to host quite a sizeable resource so at least now they have the funds to develop a JORC resource estimate.
From yesterdays paper:
"The top-traded stock by volume was base metals and gold explorer Hawthorn Resources, with 25.6 million shares worth $190,967 changing hands.
Shares in Hawthorn were up 0.2 cents at 0.8 cents."
I've held for a while now, just like a few others, so here's to hoping we have some good activity for a while.
"The top-traded stock by volume was base metals and gold explorer Hawthorn Resources, with 25.6 million shares worth $190,967 changing hands.
Shares in Hawthorn were up 0.2 cents at 0.8 cents."
I've held for a while now, just like a few others, so here's to hoping we have some good activity for a while.
Does anyone else out there follow Hawthorn resources?
I noticed the announcement after Fridays close about a request for a general meeting to dismiss two current directors and replace them with two new ones.
They want to remove Mark Elliott and Mark Kerr and appoint Vincent Mascolo and Kyle Shields.
Why would a new substantial holder want to do this, are they stacking the board for a takeover or something else?
Any ideas?
I noticed the announcement after Fridays close about a request for a general meeting to dismiss two current directors and replace them with two new ones.
They want to remove Mark Elliott and Mark Kerr and appoint Vincent Mascolo and Kyle Shields.
Why would a new substantial holder want to do this, are they stacking the board for a takeover or something else?
Any ideas?
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I follow them a bit but am not a shareholder, i am a shareholder in Mindax who have tenements nearby along with Jupiter Mines.
IMO, the current directors have been dragging their feet quite a bit in developing their Iron Ore project. Their key objectives should be to determine a resource size at Mt Bevan to keep up with Jupiter and Mindax. However, with a 5% shareholding, i dont think they have much chance of replacing 2 out of 3 directors. They have said they will release more information about their intentions, so it depends on what their intentions are and their vision for the future are.
The legacy deal will gets things moving but i think Hawthorn have sold their assets off too cheaply.
IMO, the current directors have been dragging their feet quite a bit in developing their Iron Ore project. Their key objectives should be to determine a resource size at Mt Bevan to keep up with Jupiter and Mindax. However, with a 5% shareholding, i dont think they have much chance of replacing 2 out of 3 directors. They have said they will release more information about their intentions, so it depends on what their intentions are and their vision for the future are.
The legacy deal will gets things moving but i think Hawthorn have sold their assets off too cheaply.
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Just bit of a nudge for HAW thread, I just had a brief look through the latest AGM notes, from what i understand they have re-elected Mr D S Tyrwhitt as a Director of the Company, from what i have read up on him he has plenty of experience in the mining industry.
Where to for HAW though?
Where to for HAW though?
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bit of a gold find for them in the announcements today..
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For those that are holding HAW...
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plus 50% is just a warm up...multi bagger in the making
yes!!!thank you very much,i started the thread as i believe HAW are
a genuine under the radar smokey.only up a flukey 50% ATM.
stay tuned on HAW as i believe they are capable of a flinders iron style run (plus 1400%)
im lookbaggering at taking a huge position this week...TB
For those that are holding HAW...
yes!!!thank you very much,i started the thread as i believe HAW are
a genuine under the radar smokey.only up a flukey 50% ATM.
stay tuned on HAW as i believe they are capable of a flinders iron style run (plus 1400%)
im lookbaggering at taking a huge position this week...TB
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been reading up on HAW over the weekend.. dont like buying when its just gone up 50% but it does look to have some big potential..
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yes well i was a bit slow off the mark this morning to capitalise.. went up another to 0.023 before settling at 0.016..
What/where have you read that has impressed you?
0.016 0.024 0.016 0.024 50.00 711 275,737,578
for today... not too shabby at all..
Sellers
0.024 7,632,561 5
0.025 19,054,000 19
0.026 8,007,773 11
Buyers
13 8,935,687 0.023
6 10,600,000 0.022
14 6,360,000 0.021
with an ANN coming out somewhat soon, from seeing what they have found so far and the new ANN coming out about the increase in levels of gold found, and also maybe prospects for diamonds also.... alot of people are jumping onto this bandwagon..
DYOR
Warren.
for today... not too shabby at all..
Sellers
0.024 7,632,561 5
0.025 19,054,000 19
0.026 8,007,773 11
Buyers
13 8,935,687 0.023
6 10,600,000 0.022
14 6,360,000 0.021
with an ANN coming out somewhat soon, from seeing what they have found so far and the new ANN coming out about the increase in levels of gold found, and also maybe prospects for diamonds also.... alot of people are jumping onto this bandwagon..
DYOR
Warren.
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yes.. have cashed in a few in the dying minutes of today...
am kicking myself for unloading half of them at 1.1 about a couple of weeks ago, only to buy some cheap uranium stocks at the time, which are not taking off like this..
but glad to see what i have got bought at 0.8c is looking good..
am kicking myself for unloading half of them at 1.1 about a couple of weeks ago, only to buy some cheap uranium stocks at the time, which are not taking off like this..
but glad to see what i have got bought at 0.8c is looking good..
WILSON!!! REVEAL YOUR FACE!
Haha ok...I looked at HAW today...HAWOB copped a bit of a battering on low volume. The options dont expire for a long time...not sure of exercise price though. They still have a bit of cash on hand...wonder why the directors dumped?
Was thinking of picking up some options and waiting for 2 years. HAWOB @ .003 could be worth a punt. Heads are only at .008 though...not sure of exercise price either so maybe too expensive?
Wow! Nearly 2 years later and I would have been up 200% - what a pick!
Wonder when this mystery ann is coming out? I DNH
franky mate, I bought in at 9:30am at 2c for 15k, then 1hr later and the rest of the day it had been sitting on 1.6c a share, and closed at 1.5c..... im in the same boat even though today it finished at 2.4c im still abit upset with my stupid buying skills.
