SHP 9.09% 1.2¢ south harz potash ltd

Why would they do a credit raise before confirming the resource...

  1. 282 Posts.
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    Why would they do a credit raise before confirming the resource size?
    Officially - the resource is only assumed and hence presents large risk. Confirming the resource officially will derisk the project and *should* result in a SP increase.
    THEN you do the CR when your shares are worth more so you get the cash you want with less dilution.
 
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