Ann: Encouraging First Results from Cardigan Dam, page-25

I disagree with you. Management explained the geology and results and the market reacted. Damien Keys genuinely believes that they hit a feeder zone and was enthusiastic about it. He is still saying the same thing. I think that the results from the second diamond drill hole did not match their visual descriptions and the market sentiment dropped from its high expectations. SHN needs to ensure this never happens again.

However it was not a fraud, just a lack of oversight of the core visual descriptions in the second hole.

It was not a pump and dump, directors and management did not sell shares to benefit themselves. Nor did they rush out a quick cap raise to take advantage of the situation.

Your words are defamatory and do not reflect what I consider to be one of the better managed small cap explorers with huge potential for tier one discoveries and early cash flow from Liontown and Triumph.

DYOR Not investment advice