Moikka Moimoi, Sorry, but I'm not prepared to disclose what I...

Moikka Moimoi, Sorry, but I'm not prepared to disclose what I discovered in HAW (DYOR), but suffice to say that even with the recent temporary pullback (and see if you can buy more than a token number of shares at this price - I can't) the price is up almost 100% since I first started buying and up around 60% since I first started this thread.

Just remember that with a cash backing of 4.5cps socked away in a term deposit earning a better than market yield (term deposit rates have fallen since HAW first placed the money on deposit) very little needs to go right for shareholders to make some VERY nice returns. It's like playing poker with an extra ace up your sleeve. Conversely, if conditions improve and these dormant projects get the green light, then we are looking at an instant multi bagger.

Heads I win. Tails I win a whole lot more. Even if you buy at cash backing of 4.5cps you have a situation of "heads I draw, tails I win".

The share register is now cornered by a small handful of parties, none of whom are going to sell a large number of shares below net cash backing, so barring some left-field event, the SP simply CANNOT fall a long way on large volumes. Obviously, holders can flick a few shares at the highest bidder to make the SP appear to be depressed, but look at the market depth. The days of being able to build a decent sized position below 4.5cps are now gone.

Add to this the fact that there is another important piece of very bullish information that I am keeping confidential, and the investment case goes from being very attractive to being an utter no-brainer.