Common sense has prevailed. Credit to the Shaw River executive team for negotiating a prudent settlement. The broad deed of release now gives us certainty to power ahead and make up for lost time. I’m sure important lessons regarding diligence and disclosure have been learnt.
Well done also to the shareholders. It hasn’t been an easy time, particularly with limited updates, but our patient support will be rewarded. 2012 remains to be Shaw River’s year and those who have kept the faith will reap the benefits.
Sure, we’ve dropped some cash along the way and this is not at all ideal. I am confident that the end result will be far more valuable, with cash flow being generated in the near term and the share price being restored to reflect the true value of the company. Had this dragged out for much longer, untold damage would have been done to Shaw Rivers’ credibility and branding.
Further cash raising to be expected soon, so sophisticated investors should be prepared! Written with tongue in cheek.
Did I also see reference to the name ‘Shaw River Group’ in one of the updates? Expansion beyond manganese perhaps? Gold in Ghana and other prospects......who knows? The future still looks incredibly bright.
We still need to ride out this current period and get back on track, so let’s not count our chickens just yet. My sense is that with so much positive news flow well and truly overdue, the market is going to embrace Shaw Rivers’ presence back on the big board.
And as the old song goes......you’ve got know when to hold ‘em and know when to fold ‘em. For now, I’m a holdin’.
Cheers all, Mango
SRR Price at posting:
13.3¢ Sentiment: Hold Disclosure: Held
