SHP 0.00% 1.2¢ south harz potash ltd

7.5c SP -> $1.11 SP Target (Largest Potash Deposit in West-Europe) $30M MC, page-355

  1. 993 Posts.
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    Most recent materials said the drilling permits are due in October.

    So, the next 2 weeks is within the estimate.

    Whether they announce permits tomorrow, or if they don't come out for the following couple weeks and are delayed until November - we are yet to know.

    All we do know is, in the most recent presentation MD Chris GIlchrist said "We believe that the drill permits are imminent" and that they will be "mobilising the drillers in late October" ~not direct quotes, some words could be off as its paraphrased from memory.

    But by knowing this, considering that the driller contract is conditional on the permits and the fact that they are wanting to mobilise drillers in Late October, Id infer that they think the permits are coming within the next week. (Why mobilise drillers if the contract is void if the permits dont come through, theyd only move the drillers once its confirmed and the contract is actuated imo)

    In saying this, I wouldn't count on this window 100%, as bureaucracy is bureaucracy. Delays happen and have happened. Part and parcel of exploration company's, but I remain hopeful that permits hit on the estimated window and this show gets on the road.

    Hope that helps. Not financial advice, DYOR.
 
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