SHH are currently drilling at Lachlan Ford and intend to drill at Lithium prospect later in Q2/Q3 this year...Cost of drilling has definitely gone up in recent times and now the company should have around $5m in kitty which should be enough for another 6-9 months of operations and drilling.
Sp has held up reasonably well at 1.8c - 1.9c levels and I believe update on NBR is imminent with results from Lachlan Ford due next month, CR should now remove all the shackles and should move up drastically in coming weeks.
It is quite clear sp was deliberately held up to facilitate this CR which is a shame , the good part is CR is out of the way now till at least October this year, it should provide sustained run now.
Ann: Oversubscribed Placement Raises $2.95 million, page-30
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