new directors overview

SHD has appointed some quality people running the company now. I expect a big year in 2013.

With SHD saying they are in discussions for funding as per below it wouldn't surprise me if those funds came from either GRR (Michelle Li) works or one of Dianmin Chen's many contacts see below profile.

COMMENTARY ON APPENDIX 5D FOR QUARTER ENDED 30 SEPTEMBER 2012
At the end of the September 2012 quarter, the Company has cash on hand of $1,299,000.
The monthly operating cash outflow of the business has, since the end of the September quarter, been reduced to approximately $300,000 per month.
The Company will require additional funding in 2013. To this end, it is in discussions with a number of investors in relation to a private placement of the Company’s ordinary shares.
The major shareholder of the Company, Mr Jerry Ren, has indicated that he intends to take up his full entitlement under any pro rata share issue undertaken by the Company in late 2012 or early 2013.
Based on the above, the Company believes that it will have sufficient funds to meet its business objectives into 2013 and beyond.

Chen, Dianmin
Brief BiographyDr. Dianmin Chen is Chief Executive Officer, Managing Director and Executive Director of Norton Gold Fields Ltd since August 22, 2012. He holds a degree of Bachelor of Science in Mining Engineering from the Central South University of China and a PhD in Mining Geomechanics from the University of Wollongong of Australia. After obtaining his B.Sc. in 1982, Dr. Chen worked as a mining engineer in China. Dr. Chen joined Northparkes Mines of Rio Tinto in Australia in 1994. He was with Barrick Gold Corporation for 10 years working progressively to senior roles in various projects and operations in Australia. Subsequently, Dr. Chen was the Deputy General Manager and then the Executive Director and General Manager in Sino Jinfeng Mining Ltd, a subsidiary of Sino Gold Corporation (now Eldorado Gold Corp) from 2007 to 2009, where he was responsible for all aspects of mining operations and management for the Jinfeng Gold Mine located in Guizhou Province, China. In 2009, Dr. Chen was the Chief Operation Officer of CITIC Pacific Mining Management Ltd, in which he responsible for the development of a magnetic iron ore mine in Western Australia. Dr. Chen was the Vice President of Operations at Minco Silver Corporation in 2010. Prior to joining Norton, Dr. Chen was the Executive Director and Chief Operating Officer of CaNickel Mining Limited.

Michelle Li

Senior Metallurgy Manager, Grange Resources

Ms Li is described as an “independent director” of Grange Resources Limited. Ms Li is “Senior Metallurgy Manager” of Grange Resources Limited, not a director.


Things are starting to look good with the right people on board.

This is a seriously cheap iron ore play, i personally sold WDR to buy this average buy in $8.2 cents but more than happy to hold.

Traded WDR from high 30's and sold in the 90's cents.

Feel SHD is a better resource as its not deep under ground

DYOR