Hannam & Partners: SHP Research Analysis 2022, page-24

Is large scale war too much of a risk factor for us to not starting to hear about the BODs starting to talk to suitors for a buy out?

I'm down >50% - no big surprise in this market and global environment.

Germany going to get a real task of what it is like to have a good % of te population "food poor" over this winter. Food security and environmental impact is going to be a MASSIVE issue for Europe and Germany for the rest of the decade.

This tiny market cap will barely a mouthful to a big fish. There would be potential buyers out there who make more than the current SHP MC in a week and can easily fund all the drilling and mine development work required over the next 5-10-15 years.