SHP 0.00% 1.1¢ south harz potash ltd

Ann: Appointment of Executive Chairman, page-41

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  1. 4,826 Posts.
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    Very strange news given the snippet below from the German press …..

    very strange given we are still in a high inflation environment (higher food, oil and fertiliser prices ect) and it looks like they have confirmed the resource

    a stock like gal has almost raced to a $200 million market cap in a week and Shp has done nothing on confirming close to a trillion dollar resource at current prices

    i guess we are just in the wrong stock

    Translated article ………

    “The parent company, South Harz Potash Limited (SHP), announced the completion of the drilling program in the Ohm Mountains with today's stock exchange announcement on the Australian stock exchange and announced that it will soon have a higher classification of the geological stocks there made," said the regional manager. According to Chris Gilchrist, Managing Director of South Harz Limited, the completion of the second well and the first positive results are an important milestone for the company. These underpinned confidence in the accuracy of the 41 historical drilling in the Ohm Mountains as well as the 300 historical ones, the data of which was acquired with the mining licenses for the South Harz project.

    Meanwhile, the regional manager is repeatedly asked why the work was carried out at all, when the resource is known. Winter then repeatedly emphasises that although you have historical data, the original cores unfortunately no longer existed. However, the international standard always requires physical proof of the accuracy of the data. "We have achieved this," she says.
 
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