• 44 metres @ 0.53% Ni commencing 454 metres from surface (SBD65) • 33 metres @ 0.68% Ni commencing 530 metres from surface (SBD66) • 9 metres @ 0.57% Ni and 14 metres @ 0.49% Ni commencing 295 metres from surface (SBD70) • 10 metres @ 0.59% Ni commencing 250 metres from surface (SBD71) • 25 metres @ 0.82% Ni commencing 210 metres from surface (SBD72)
The high grade result from SBD72 is particularly encouraging because mineralisation in this area was previously thought to be closed off.
My comment...HIGH GRADE??? WHAT DRUGS ARE THESE GUYS ON...and 210m from surface.
oh and this:
"Due to the delay in completing the Feasibility Study to a bankable standard, the Company considers it prudent to set aside future interest payments on the Convertible Notes. In consultation with the Trustee, money has been invested in fixed term deposits with maturity dates coinciding with those interest payments required under the terms of the Prospectus up to and including September 2006."
LOL so how much cash does it have left now??? I see another placement coming up...to dilute you faithful (but blind) shareholders even more.
Why bag Mikayla...he is trying to save your money!
Cdchi1
SHN Price at posting:
0.0¢ Sentiment: ST Sell Disclosure: Not Held
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