SHD 0.00% 2.7¢ sherwin iron limited

Ann: Funding Agreement , page-3

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  1. 1,156 Posts.
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    I totally agree, as did the two buyers who swooped in for 30k and 100kafter the announcement

    This answers alot of questions for me and I'm very happy with management. I think we will see plenty of good news this year.it doesn't doing like that plan to do any capital raising using this 8 million loan and revenue from operations for Cash flow

    http://mobile.abc.net.au/news/2014-01-02/sherwin-iron-borrows-millions-to-expand-roper-river-mine/5182286

    18 million tonnes over the next 6 years at today's iron ore price is about 2.4billion dollars. What would $400m per year in revenue do to the share value without cap raising?

    Can anyone explain Jerry rens 502m indirect shares? His total holding
    Is 561 million shares @ 0.125 cents which is $70 million approx. crazy.

    Also he owns 73% of SHD.

    I assume this is a good thing for us holders.

    Someone please correct me if I got it wrong but things seem positive for SHD.
 
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