Agreed with your comments wadd, but I think recent events (excluding the iron ore price issue) can all be positive.
- The SPP and rights issue will hopefully bring more liquidity to the share
- I like to think that in-house turbulence where a share price is down significantly is a good thing. Out with the old in with the new.
- The board has been very quiet on a few issues such as the BIA and why they haven't disclosed it. I think they are hiding behind "confidential and incomplete" clauses, but they should have put it out to shareholders to decide. In February 2014 the SP was 12c, assuming a premium of say 30% - we would have received about 15-16c offer. Instead, the SP is now at 5.5...
SHD Price at posting:
5.5¢ Sentiment: Buy Disclosure: Held