HAW - Hawthorn Resources

[JTLP]

Drubula, I have taken a position for a long term hold
Drilling results in June I think, 2 directors dumping millions of shares, it has all the ingredients of a spicy mini series

I dont know if its good or bad, but I think I will just accumulate and see where it goes as the money going in I dont need for a long time, but of course would like back with interest one day!

I keep meaning to call the company but just too busy and forgetful to get around to it

Cheers,
Wilson

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?

 

[JTLP]

Probably should have just edited post but excuse me...bit of a nightcap hic!

I also noticed over a billion shares on issue and lots of projects they were involved in failed to do anything last quarter (after reading quarterly report). They have quite a bit on the go but most of them read (in laymans terms) "failed to scratch the surface this quarter".

Billion shares = liquidity but dont think this is going anywhere fast in a hurry WILSON!

Say hi to Tim for me vroom vroom!

 

[Wilson!]

No worries JTLP, will do
They seem to be pretty confident with the current Mt Bevan project, unfortunate name of course.

But anyway, as I said, will see how she goes.
I am really looking for a small junior to drip feed funds into over 12 - 18 months with good projects that could make a company.

Oh, and yes, the oppies could be ok if in for the long term, any big run on heads could put them in the money quickly but as always, that's an "if"

 

[duno]

hi folks,
duno 'bout you lot, but HAW is about to fire up. IMHO
increase in vols, price movement is up.

they have started up their exploration programmes on the Iron Ore, Gold and Uranium fronts.
Results are soon expected.

good luck to those who hold because i do

 

[bowman]

A lot more volume today with the announcement. Anyone care to comment on the quality of the haematite grades?

 

[duno]

hi bowman,
the grades are good but they need more.
i call them and they were very quiet on the gold side of things.
must wait for the quartly
i bought somemore

 

[aussie86]

Well there was a big spike in volume today after the announcement.

I'm not sure what parts of this announcement were news to everyone, as most of the points were quoting Jupiter and Palinghurst, from weeks or months ago.

Would the "informal discussions' with Jupiter/Pallinghurst, have been the news that saw the big volume spike?

Oh well lets hope that it leads to something and the share price keeps heading up!

 

[Wilson!]

The ann was to remind the market, that the ongoing discussions are going on, not speculation alone.

It's good news for holders, I think it's a hold and see scenario now, for me, accumulate. Decent volume today was ok too

 

[Datsun Disguise]

Some imminent activity over the Hawthorn grounds, $400k raised througha placement plus a $0.0072 share placement for holders (on the register today) just announced.

But here's the good bit, lots of drilling over the 3rd quarter!

Timetable and Funds Usageo
Iron Ore (September – December 2009) – 60% of Funds
§ Receipt of Channel Iron testwork results
§ Drill target preparation
§ Drilling of Direct Shipping Ore and Channel Iron Targets
§ Receipt of Assay Results from drilling
Gold (September – December 2009) – 30% of Funds
§ Drilling of existing high grade gold targets in the Wild Dog
Dam, Trouser Legs, Deep South and Yundamindera areas of
the Eastern Goldfields of West Australia.
§ Testwork on existing gold dumps at Anglo Saxon
§ Receipt of Assay Results – Follow up drilling
Uranium (October 2009) – 10% of Funds
§ Follow up drilling of initial high grade U result (2m @ 800ppm
U) at Clarke River
§ Drilling can commence almost immediately as drill pads and
access tracks exist
§ Assay results due November-December 2009

 

[gk999]

Hi all... just been trying to get a feel for Hawthorn Resources - particularly with this share placement offer for existing shareholders... anyone who was a shareholder last friday is entitled to participate and purchase up to $15,000 worth of shares at a discounted rate of 5% or 0.0072 per share...

I guess this is a very speculative company and just wondering what peoples thoughts are on it?

Since October last year not much has happened in the price range - it has just bounced up and down around the 0.010 in +/- 0.002 increments.

But if we look back a bit further to June and August 2008 the price was around 0.035 and 0.04 (in fact in Oct 07 through to Feb 08 it peaked at 0.05). The volume traded in June and August was reasonably low - it seems that only in the last 2-3 months there are consistently high levels of volume being traded...

What are peoples thoughts on this company? buy? hold? sell? run for cover?

 

[Datsun Disguise]

I've been expected to see some kind of announcement regarding the iron ore tenements and the recent volume and price action may be pointing to some similar expectation in the market. We could see this have a decent run with some positive news. The market depth looks positive for those holding (including me).

I reckon we'll see some appreciation in price with any attempt (or plan for an attempt) to define a resource size. Given the neighbors you'd have to think that takeover speculation would help the price as well.

 

[geea]

I believe that HAW should be announcing some drilling results soon. The results will decide which way the share moves. I hold so i'm hoping they are good.

Geea.

 

[Datsun Disguise]

Me too - looking for the Gold and I/O results, as for the Uranium - yawn, snore, woteva....

More good volume moving through this morning too, you'd have to think it's speculators counting on some good gold results, the historic numbers look very nice.

 

[geea]

They did make an announcement today but not sure how good it was. Said they were happy with the gold they found and then the market smashed them by 16%. Possibly traders buying the rumor and selling the fact. Large volume, be interesting to see what they do over the next few days.

Geea

 

[Datsun Disguise]

The key word was anomalous - and the overall grades were not good. So not much value in the gold holdings imho. But the iron ore is still to come, perhaps we might see better results there. Not holding now, but will look for another entry opportunity off the back of this news and prior to iron ore results - although I have no idea when those results are due, should be soon according to the last announcement....

 

[foolian]

what's everyones thoughts on the current standing of HAW?
do we think the report due on by the end of the week will be positive for SP?
i'm hoping mt bevan is mentioned in a positive light in the quarterly!

 

[chrisalex]

Good morning Fella's
I have been watching HAW for about 10 months and to me it appears to be a beer money maker for the millionaires, buy a mil' at .007, and
sell at .008. with all the announcements they make they still have not done much. Similar to ADY they have over 1.5 billion shares so it takes a lot of cash
flow to make any type of movement. But if you have the cash it's not a problem
to make the occasional 10%. If I had the cash I would.
Good punting, chrisalex

 

[frankie_boy]

Anyone here still punting on this stock.. thought it was worth investing in but its certainly not showing anything promising of late..

 

[craigj]

i still hold stock but they are taking a loooooong time to drill
definately a bottom draw job

i/o at mt bevan is the one waitingfor

 

[frankie_boy]

i still hold stock but they are taking a loooooong time to drill
definately a bottom draw job

i/o at mt bevan is the one waitingfor

Ah ok.. guess I will put this in the bottom draw as well..

Mt Bevan? Is this another drill that is in the pipeline?