BRK VS SHE, page-19

Geez , some brothers on the SHE threads are going to get a big surprise if they think SHE isn't going to spend a bucket load of it's cash to fund some of the Jewell well.

Considering the original plan was for them to fund most of the $US 8-9 million for a majority stake, and it will cost US $800-900 k for each 10% interest, blind Freddy can see that with $AUD 1.8 mill in the bank last quarter, and with current and future spending on the Orion JV ( which will ramp up with the new Bradbury AOI ), and current NET cashflow from operations not likely to be much more than 100-150K per quarter until their share of Jewell cash kicks in later in 2021, SHE are going to need to top up if they want to participate in Jewell in a meaningful way.

This recent burst in the share price above the relisting capital raise price of 2 cents must be making them chomping at the bit considering they were looking to raise $8 million at 2 cents for the relisting.

A minimum $2million institutional placement, and possibly quite a bit more through a rights issue or SPP should be on the table considering market interest in SHE has been at comatose levels up to November... you gotta strike while the iron is hot.

C'mon SHE, get it done!

Cheers

Dan