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
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.
SHD Price at posting:
12.5¢ Sentiment: Buy Disclosure: Held