In an announcement made by management of SHN dated 19th January 2006 it was stated that "drilling is expected to take two months and will provide the material necessary for blended product sintering testwork at SGA's labratory in Germany."
If this is the case and the two-month timeframe ended last Sunday 19th March 2006 we should be expecting an announcement from SHN regarding this completion along with the opinionated findings/views of those experts on site at Pilbara. Is this correct?
This would then be followed by the actual test results from Germany approximately 1 - 3 months later. Is this correct as well?
While all the above is taking place SHN also appears to be somewhat fast tracking other due diligence matters with the exercising of options to pull in cash and the constant release of new announcements regarding the employment of directors, engineering teams and an advisory team to assist in the due diligence project.
If all this is correct, where does it lead us? Any opinions.
Furthermore, "Hellman and Schofield's report stated that these deposits comprise only part of the Cane River channel system they believe there is reasonable potential for substantial additional tonnage of pisolite at Cane River."
I wouldn’t have a clue what they're saying here but the fact that Schofield is trying to break out of prison on Prison Break while SHN is trying to breakout to new highs on the ASX could be a sign from above.
SHN Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
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