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3,390 Posts.
26
03/05/12
20:33
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I agree here.
Technically ain't we expecting a JORC Resource upgrade soon?
This can further boast the share price pass the options exercise price of 13.5c.
Jerry has 77.27% of the company which is 530,338,132 shares.
Don't forget he also holds 100m listed options expiring next month.
Assuming the share price exceeds 13.5c, and assuming he is the only that exercises the options.
SHD gets a $13.5m cash injection. Jerry's stake will increase from 77.27% to 80.15%.
I think there is a good chance SHD could be rallying soon.
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