This was released by HAO today ( 25% JV partner on Mt Webber )
Point 2 should be of interest to GIR
Cheers
Baraka
The Listings Manager Australian Stock Exchange Level 45, Rialto South Tower 525 Collins Street MELBOURNE VIC. 3000 Attention: Ms Kate Kidson Dear Madam, Request for Trading Halt in Haoma Mining NL Shares Haoma Mining requests that the ASX place an immediate halt on trading in the companys securities pending a release to the market prior to trading commencing on Tuesday March 9, 2010. Haoma is preparing an announcement to the market in reference to significant items that may impact on the share price of the companys stock.
1. In the Chairmans Address to the Annual General Meeting held on December 17, 2009, and in the Haoma Quarterly Activities Report released on January 31, 2010 shareholders were advised of significant Elazac Mining results. Next week Haoma will make a significant announcement regarding further Elazac Mining test results from processing of Bamboo Creek Tailings.
2. Haoma (25%) and Giralia Resources (75%) received an offer for their Joint Venture iron ore deposit at Mt Webber. The Board of Haoma resolved to reject the offer for Haomas 25% share.
The trading halt has been requested to allow the company sufficient time to prepare a suitable announcement to properly inform shareholders regarding the above matters.
GIR Price at posting:
$1.83 Sentiment: Hold Disclosure: Held