SHP

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1.2¢ south harz potash ltd

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Alf107

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27/05/22

14:12

Post #: 61663716
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Originally posted by DTrader93: ↑

I wouldn't say it's taking a beating on such low volume.
My watchlist is about 50/50 with plenty of red to match the green.

It has been well speculated on here as to why the CG is no longer the MD and I would think that there's nothing more to report there from the company's point of view.
I think it may just be human curiosity more than anything that makes us want to know all the nitty gritty details but we dont have an exciting Depp-Heard story to report here.

If you read every ASX announcement made this year regarding the the two holes, you will see that completion dates are estimates and delays have been explained.
The delay for OHM-02 assay results were due to to the significantly greater quantity of core samples sent to the lab than were initially expected.
The delay for OHM-01 drilling was due to a structure or fissure that was apparently intersected resulting in significant drilling mud losses.

As someone who manages a Manufacturing company where my core roles are scheduling work and securing materials and equipment; I can understand and relate to providing estimates and experiencing unforeseen delays.

The SP has been traveling sideways for the past 3 weeks or so and i expect will start to ramp up at the catalysts mentioned above approach closer to their pending announcements.

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Sorry DT i cannot agree with you on the matter of Chris, the company should make an official statement so it is clear to all investors for the decision.

As for the delays, yes the company has kept us updated, i am not questioning this.
I am a Mining Engineer, so totally understand the hold ups on the drill and in the lab with results. My point here was that how significantly the timeline has slipped since December - see below, and that investors get impatient with these slips along with the poor SP performance.

SHP Price at posting: 14.5¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 1.2¢		Change 0.000(0.00%)		Mkt cap ! $9.926M

Open	High	Low	Value	Volume
1.2¢	1.2¢	1.2¢	$11.46K	955.3K

Buyers (Bids)

No.	Vol.	Price($)
4	369273	1.2¢

Sellers (Offers)

Price($)	Vol.	No.
1.3¢	512998	3

View Market Depth

No.	Vol.	Price($)
3	258354	0.012
2	200000	0.011
6	800602	0.010
6	2602243	0.009
3	573100	0.008

Price($)	Vol.	No.
0.013	512998	3
0.014	713425	3
0.015	400000	1
0.018	55555	1
0.020	165666	1

Last trade - 13.53pm 28/06/2024 (20 minute delay)

SHP (ASX) Chart

SHP Chart Only, page-196

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