Ann: Termination of Term Sheet by Legacy Iron Ore, page-4

re: Ann: SNR: Termination of Term Sheet by Le... Ocka,

Are you referring to the Rights Issue as it's not a Share Purchase Plan.

If that's what you are asking then I think they will raise at least $20M.
Half from the curries and the rest from others. I don't think that too many from HC will participate but some will.

IMO, no company director is silly enough to go into a RI without a proper plan, especially when we are talking about raising $25M.

Based on that and the last few announcements I think that something is cooking.
Maybe we will finally buy the rest of MB?
Maybe something else as there are few co's in trouble and willing to sell their assets at bargain prices.

Who knows but if it is a MB buyout, I would expect an offer under $10M in this market. This would also help in explaining HAW's current SP.

Do what you need to do Ocks because it's your hard earned money but don't listen to clowns. Do your own research and base your decision to buy, sell or hold on that research.

Personally I think that the time to sell has already passed but that's just my opinion.

Good luck with whatever you decide.