Great perspective @tigere
The lowest risk for a mine is once they're up and running after 1-2 years, they have their name plate production rates up and their recovery on point with DFS. They have revenue coming in and just about when they look like they can pay out their debt, a big company would swoop, if it wanted to
Sure, they can come earlier but any takeover and additional management, let alone new management, will get in the way and slow things down. Fair enough too.... a death on site or dodgy finance can be jail.... why not wait until things are more stable, and you can still make money hand over fist if youhave the capital to buy upfront
One thing is for sure, they will have their eyes on this. For an acquisition? Maybe. But absolutely from a competition perspective. SHP can lead to a saving of $100-150/tn vs Canadian dug/ railed/ shipped/ railed potash into the European markets
Great perspective @tigereThe lowest risk for a mine is once...
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Last
1.4¢ |
Change
0.004(40.0%) |
Mkt cap ! $10.75M | |||
| Open | High | Low | Value | Volume |
| 1.2¢ | 1.6¢ | 1.2¢ | $153.2K | 11.73M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 17614 | 1.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
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| 1.5¢ | 1456392 | 3 |
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| Last trade - 11.57am 17/06/2024 (20 minute delay) ? |
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Last
1.4¢ |
Change
0.004 ( 55.6 %) |
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| Open | High | Low | Volume | ||
| 1.2¢ | 1.6¢ | 1.2¢ | 4082640 | ||
| Last updated 11.57am 17/06/2024 ? | |||||
| SHP (ASX) Chart |
