There are two other reasons I think;
1. Ukraine, Germany is far closer geographically than other project locations and aside from the general jitters, energy supply is a concern which affects many industries. I personally am comfortable with this risk as I do not think the actual war will arrive in Germany and we are a couple of years from production so I think the energy supply situation will be addressed by that time.
2. The likes of HFR at least and to a lesser extent CXM are MC was above SHP. Certainly for HFR this puts it more on the radar of fund managers/instos who often have rules around investments including MC. HFR is also far closer to production, this month signing leases for equipment. It’s where I would like us to be in a couple of years, including about 6 x the MC!! Big money ie funds/instos are waiting for the SS at least as evidence to buy imo.
A couple of other points:
CE: SP went up the day he left though lol. But yes, I do agree that it creates uncertainly and is a contributing factor to some buyers staying away as they wait and see. But flip side is we have a chance to get a CE closer to the action and suited to the next phases of development.
PR/Badly crafted announcements/quarterlies: I don’t agree with you here. I thought the quarterly was fine personally. I am not not sure what else you would expect? As for PR, I don’t think they should have started this too early but agree some foreshadowing/build up to SS would be good (not seen it). I hope they get amongst it when it lands!
Delays; if you mean the assays, this was explained. I contacted the company and posted about it here.
Finally, the SP fall from 26 to 9s was brutal. Totally agree. But I think we had run too fast and surpassed fair value hence the big drop.
Fair value for me is still in the 80-90m MC Range at the moment, with SS hopefully more 100-150m.
Anyway my thoughts, not advice.
Enjoy your Sunday and let’s hope we see a great SS soon!
Cheers
KK
- Forums
- ASX - By Stock
- SHP
- 7.5c SP -> $1.11 SP Target (Largest Potash Deposit in West-Europe) $30M MC
7.5c SP -> $1.11 SP Target (Largest Potash Deposit in West-Europe) $30M MC, page-2147
-
-
- There are more pages in this discussion • 52 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add SHP (ASX) to my watchlist
|
|||||
Last
1.2¢ |
Change
-0.001(7.69%) |
Mkt cap ! $9.926M |
Open | High | Low | Value | Volume |
1.2¢ | 1.2¢ | 1.2¢ | $6.138K | 511.4K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 600000 | 1.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.3¢ | 1299969 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 600000 | 0.011 |
2 | 1100000 | 0.010 |
2 | 2200000 | 0.009 |
2 | 450000 | 0.008 |
3 | 1508445 | 0.007 |
Price($) | Vol. | No. |
---|---|---|
0.013 | 232679 | 1 |
0.014 | 120000 | 1 |
0.016 | 230845 | 1 |
0.019 | 200000 | 1 |
0.020 | 165666 | 1 |
Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
Featured News
SHP (ASX) Chart |