Good post EW. Options indeed underwater and cash crunch likely. Two exploration tenements expire next year, presumably they have to spend in order to retain them ? Winter hinted at drilling in the Kullsted, however previous drilling cost us $3-4m ? Also the PFS will come at a cost and then there's the monthly burn. My reckoning says $10-15m needed but stock has lost credibility in Aus and Europe cash is urgently required. Great resource which won't go away, but not for this company I'm afraid. Chart-reading won't tell you anything, simply look at the bare facts.
SHP Price at posting:
6.1¢ Sentiment: None Disclosure: Held
