Ann: Trading Halt, page-12

I was rather hoping it would be an announcement that a major player was farming into the Ravenswood ground to give it the exploration $ and focus it deserves. However it appears SHN are farming into a project. They have more than enough to do with the ground they have. The only things that make any sense are the Norton ML at Triumph, the adjacent ground at Ravenswood and possibly, although less likely, an operating mine with the chance for cash flow to fund exploration (a bit like Catalyst is doing at Henty and Navarre is trying at Mt Carlton).

A new project in a new area makes little sense to me unless it is overwhelmingly prospective in which case why is it available?

Hopefully the Norton ML at Triumph to build scale. Also hopefully not too much expenditure or cash being given away.

Wait and see. I think the Ravenswood ground has high potential for a significant discovery and this is more attractive to me than many other small explorers ground. Good science to locate targets but more $ needed to push it along. Bring on a JV with a substantial expenditure commitment in the first year and second year. Perhaps later this year this will happen when a few more of the targets have been tested with sparse drilling giving a few more hits.

DYOR. Not investment advice.