Ann: Canadian Operations Update - Expect Production to Sales- Oct, page-45

Hi Danpech,

Same as yesterday, after 4pm some people sell at 1.5cents, this has happened several times before.

6.7%

Does not the share price of 1.6 imply a enterprise value of 0.0 (see table above) Explaining the 1.6 share price.
As no weight is be given to current production or recent investments

The smallest price movement is 0.1 cent,A Share price moment 0.1 cent going from 1.6 cent to 1.5 is always goingto a % difference of 0.1 over 1.6 or 6.25%.And going from 1.5 to to 1.6 is always going to give 6.7%

This may because the market appears to be ignoring the paid for Certus well( and maybe the Gryphon well), in affect assigning zero probability or (confidence) in the ability of SHE to drill the Certus well and bring it into a producing state.

Hopefully when (if) SHE announces production from the Certus well this should increase confidence in SHE to deliver producing wellsand anyone who stumbles on this nano-cap and bothers investigating might buy into SHE.

So it’s a waiting game on SHE to report on Certus and maybe Gryphon.

That’s my take on it,

Apologies if you already knew this.