SHD sherwin iron limited

took profits

  1. 2,770 Posts.
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    SHD i still believe is very cheap but with little to no cash in the bank and the $2,000,000 having to be repaid end of the bulk sample i have sold out at a good profit.
    I will re-enter as i am banking on a placement or capital raising to boost the cash balance and get ready to push for full scale mining early next year.

    This is a great company i just feel they need some cash injection more than the bulk sample will provide to warrant a share price above 11 cents.

    DYOR first shipmant is very soon and management look to be doing a great job.

    Will wait and hope to buy in sub 9.5 cents again
 
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