Agree "One with Brains ",The future for this hang entirely on...

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Swiss Gnome

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24/03/22

21:30

Post #: 60408911
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Originally posted by The One With Brains: ↑

'Let's just wait for the details of the cap raise before we jump to conclusions.' I always love these posts, why.? Because, 99/100 times they're in response to a critical post about the handling of a CR, and are equally shown to be obtuse by the details of said raise when they're released. This case is no different to the 99/100 cases. A large over subscribed raise at a ridiculous price with poor timing, with no details or juicy announcement to accompany it. So, as I said yesterday it spells idiocy to me, and now we can see it verified.

Yes there was enough money in the bank, and if they wanted to raise they should have done it last month as I have previously mentioned. This can be seen due to the fact that there is no indication of 'more specific' planned uses for the funds. Like for example, chasing after Lithium like a few posters have rah rahh rahhhed on about. Just ongoing expenses etc.

Little wonder why SHH started at sub 1 cent at the beginning of this year. Poor form indeed.

They'll want to wait at least 4 weeks for any big news to come out to avoid it looking too blatantly like what we already can see it as being. Mate's rates, pump and dump.

All the very best to all holders.

TOWB

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Agree "One with Brains ",

The future for this hang entirely on Tassie IO mine getting up and running.

The Lithium & Gold prospects are just noise ,and the chances of either getting monetised positively are heavy odds against.
According to Rick Rule ( Sprott ) the chances of getting a discovery into production ,at bes,t are circa 300/1.

So exploration companies in Australia are life style cash boxes for directors & managers
funded mostly by gullible retail investors who love the blue sky stories promoted with " plat du jour ".

I supported this story foolishly as a Tassie native.

If & when Nelson Bay gets up again there might be some juice inside the story.

But right now who knows with this mob how things will unfold
& time frame is a complete lottery.

Best from Sunny CH.

S.G

SHH Price at posting: 1.9¢ Sentiment: None Disclosure: Held
7 Upvote

0 Great analysis

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