CTN - Catalina Resources

[Tamnguyen]

Hi Joe

I believe SHH will be doing well this year due it has:
1. Iron Ore which will be DSO due to high quality
2. Gold will perform well in inflationary environment
3. Lithium will continue to do well due to ESG commitment

 

[Miner]

Hi Joe

I believe SHH will be doing well this year due it has:
1. Iron Ore which will be DSO due to high quality
2. Gold will perform well in inflationary environment
3. Lithium will continue to do well due to ESG commitment

Hope so
Just a reminder even with best recipe, we need a good Chef to make a good curry. In the case of SHH, we have an accountant whose last assignment was Birla Nifty which struggled until MLX took over.
With $1.36 million cash, $20.2 M market capital and 20 top shareholders holding more than 50% throw only $10 M worth shares in the market to play with. With the power point presentation and recent share price increase, I am guessing SHH will go for a capital raise soon.
It is required so that they can make some good progress to provide returns to shareholders.
With border opening things will be better for SHH as well (I hope)
I hope however with good ingredients and lessons learnt our Chef will deliver

 

[Tamnguyen]

Hope so
Just a reminder even with best recipe, we need a good Chef to make a good curry. In the case of SHH, we have an accountant whose last assignment was Birla Nifty which struggled until MLX took over.
With $1.36 million cash, $20.2 M market capital and 20 top shareholders holding more than 50% throw only $10 M worth shares in the market to play with. With the power point presentation and recent share price increase, I am guessing SHH will go for a capital raise soon.
It is required so that they can make some good progress to provide returns to shareholders.
With border opening things will be better for SHH as well (I hope)
I hope however with good ingredients and lessons learnt our Chef will deliver

Thanks for the insights. Hope they will DSO Iron Ore soon to generate some cash. Plus, market is very supportive of Lithium explorers raising cash to expand exploration, record capital inputs into Lithium exploration lately.
This environment will be very volatile, but over a few years, hope this is one of the 5x ($100M market cap) or more, quite achievable for Iron Ore sales alone I think

 

[Dona Ferentes]

Hi Joe

I believe SHH will be doing well this year ..

And now in a trading halt pending the release of an announcement regarding a capital raising.

..- that may crimp performance in the short term, @Tamnguyen

 

[Tamnguyen]

And now in a trading halt pending the release of an announcement regarding a capital raising.

..- that may crimp performance in the short term, @Tamnguyen

Will see, if capital interests are high, this could give positive signal on having cash for further exploration.

 

[System]

On December 2nd, 2022, Shree Minerals Limited (SHH) changed its name and ASX code to Catalina Resources Limited (CTN).