looking forward to the quarterly update, page-5

Jerry Ren could be a likely seller to any potential bidder for the RIGHT price given that he holds like 78% of the company so an easy acquisition target.

At current prices look cheap giving a market cap of $70m at 12c when we have around 400m tonnes of hematite grading 40-50% Fe.

Deliverability to market is also a major factor thus why I've been a loyal and patient holder in SHD, which is what SHD has.

Say a takeover price of 20-25c is probably what Jerry would take as he may want to jump start his shale gas company "Australian Oil & Gas" and expect an IPO this year or next.