Hi all, new to the potash game and came across SHP. Definitely think there is huge potential with potash going into fertiliser given current market conditions.
Wanting to make a move soon and have got few quesitons if someone could help me understand! 1. Benefit of potash fertiliser vs ammonia fertiliser? Have tried googling but not much luck. 2. 2nd drilling permit OMH-01 - Haven't been approve from what I gather. Given that OMH-02 permit was approved back in Oct'21, any potential risk on this? From what I understand it was submitted at the same time. 3. Cash - potentail cap raise needed for Q3 CY22 onwards? Seems like bulk of cash will be spent on exploration. Understand with scoping (finalised) and feasibility (workstreamed) study price would hopefully be north of 13/13.5c in the event of cap raise.
SHP Price at posting:
13.5¢ Sentiment: Buy Disclosure: Not Held
