Being a conservative type of person, I'd never overextend in applying for a loan - look at all possibilities - loss of job, sudden illness, inflationary pressure interest rate rises etc and the effect of such. Kept me in reasonable stead running on the smell of such an oily rag but then I'm not running a company.
Of course you can't drill without money but company raised $4mill at 0.011c back in March ''24 to accelerate drilling activities at the RavenswoodConsolidated Project. Since that time they also divested an asset to the tune of $2mill. And yet with all the spend, sp stuck at current levels. 'Accelerated drilling', 'rapid drilling' and sp not in a happy place.
SHN Price at posting:
0.8¢ Sentiment: Hold Disclosure: Held
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