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1.2¢ south harz potash ltd

Releasing a study at the end of year (december) is pretty stupid...

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GIGAChad

4,957 Posts.

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02/11/23

11:58

Post #: 70686809
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Originally posted by AndyMzz: ↑

So the take out for me here if I am removing all of the fluff is we have a focus being put on a PFS of a "non binding" agreement (currently) which will create and a 4-5 month delay.

The June 2023Ohmgebirge on time and on budget document - released on 27th June indicated......
The PFS scope includes the analysis of options to limit peak capital requirements of the project, while retaining
attractive overall economics. This includes not only brownfield options at Bernterode but also alternative
approaches to capacity design, including a potential phased approach to the capacity build-up."

I am all for accuracy in the delivery of a PFS but Sounds like the magicians have been at work determining ways to announce a delay in a timeline.

Now if this was a confirmed binding agreement - I might have a different view.

Is this another milestone box ticked? Or to coin a phrase from Gigachad, is this a delay where they are just kicking the can down the road a bit longer?

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Releasing a study at the end of year (december) is pretty stupid anyway for getting market attention... better to wait until next year.... also not much point doing anything in this market imo.

SHP Price at posting: 3.0¢ Sentiment: Sell Disclosure: Not Held
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