RE:Under the radar...Re-posting this as there is so much newsflow expected here. Some nice oil and gas news Friday - seems like SHL well on its way to generating positive cash to support exploration without as much dilution. I like that very much. Should be an exciting end to 2021!
DrNo1962 wrote: So much going on w/ this company it's only a matter of time before market notices IMO.
- Great Burnt PEA "is expected to be complete by early Q4 2021"
- Great Burnt gold drilling - "We will shortly be drilling the South Pond “B” gold zone, a 1.2-kilometer-long zone of strata-bound gold that was last drilled in the 1980s"
- Crawford VMS exploration/drilling - this was announced in Mar2021 - no results released to date - SHL orignially acquired Crawford for it's VMS potential not nickel - they retained VMS ground and are now exploring/drilling w/ private JV partner.
- Oil and gas assets - Details re: flow rates, free cash flow, etc. - "This summer we purchased 5 active #oil wells, 10 suspended oil and #gas wells, heavy oil facilities, #pipelines, and an active produced water disposal well. The water disposal well will receive 3rd party water. The oil will be skimmed off thereby generating additional revenue."
- CNC share dividend - SHL owns 8.1 million shares of CNC - in July the following was removed from the 'About Spruce Ridge Resources Ltd.' section of news releases "Spruce Ridge holds 8.1 million shares of Canada Nickel Company and 10 million shares of Noble Mineral Exploration Inc. " and replaced w/ sentence describing oil and gas acquisition - why was CNC ownership (currentlyvalues at $20 million) removed from this section given its significance? Why was in-kind dividend of 2.5 million shares to shareholders abruptly "postponed"?
- Other uknown developments? - CNC/SHL/NOB are all very inter-connected due to Crawford transaction - SHL and NOB both own millions of shares of CNC and NOB and SHL also own millions of shares of each other - CNC share price (significant assays pending at Crawford) appreciation will affect value of SHL and NOB potentially significatly on a relative basis if CNC returns to previous highs and beyond.
All JMHO - do you own due diligence.