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SHP - South Harz Potash

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Davenport Resources is a mineral exploration company that currently holds the Southern Cross Bore copper-gold project. The Southern Cross Bore Project covers an area of 600km² about 75kms north-east of Alice Springs in the Northern Territory.

Davenport proposes acquiring 100% of the issued capital of East Exploration Pty Ltd. East Exploration is a private Australian company which holds two exploration licenses in Germany, referred to as the South Harz Project, through a wholly owned and controlled German subsidiary.

It is anticipated that DAV will list on the ASX during October 2016.

http://www.davenportresources.com.au
 
Just listen to Chris Gilchrist on smallcaps podcast very interesting potash play are Davenport Resources l like what he said about Tier 1 project . Still plenty of work ahead of them but it’s ticking boxes one I’m watching low mc compared to other potash Co , top 20 large holders always dyor & DD Springs
 
Interest in Davenport Resources has increased recently. Trading volume is up and today the share price has spiked around 18.5% to 9.6c. No recent price sensitive announcements to speak of.

However, this YouTube video uploaded on 5 March is worth watching to understand their German potash project and 2021 plans:



 
On May 17th, 2021, Davenport Resources Limited (DAV) changed its name and ASX code to South Harz Potash Limited (SHP).
 
The SHP share price is doing well today, up 16.6% to 10.5c on expectation that the final step in the permitting process to enable drilling at the Ohmgebirge Potash Project in Germany will be approved very soon. The company has flagged the current quarter as the quarter in which drilling will commence.

This appears to be a huge project and one that could be very lucrative if management plays their cards well. If good news comes through as expected in the next few weeks, I suspect SHP will advance into the mid-teens with relative ease.
 
And SHP moving up strongly. No news driving it, just what was already disclosed
 
Dona Ferentes said:
And SHP moving up strongly. No news driving it, just what was already disclosed
Click to expand...

Up again today on news that SHP has secured drilling approval for the first of two planned confirmation drill holes at its flagship Ohmgebirge Project. It is likely that this news was known to some in the market before today and is the reason for the share price gains earlier this week.
 
SHP South Harz Potash is one of my yearly comp picks , right commodity at the right time commencement of work at Ohmgebirge drill site for first of two holes to upgrade JORC to indicated category, cash balance of A $7.6 M at 30 September 2021 . Global potash price strength continues always dyor my opinion Springs
 
Worth mentioning that a CR was carried out at 12c, which is just as well as those two confirmation drill holes are costing A$8M.
Currently share price at 14c, awaiting an updated MRE in this quarter.
Mining for MOP not SOP, an important distinction, but no doubt a large addressable market in the heart of Europe.
Owning (or holding) perpetual mining licences and two exploration licences.

Hold
 
With Russia and the Ukraine not able to supple the world with fertilizer's and chemicals, SHP now has a huge opportunity to show what it can do. Last months appointment of Dr Winter may be an ace -

South Harz Potash Ltd (ASX:SHP) has strengthened its presence in the region of Germany that hosts its flagship South Harz Potash Project through the appointment of Dr Babette Winter as regional manager Thŭringia.​
​
The appointment of the German national with a background in technical and socio-political affairs is expected to help create a pathway for SHP to develop the project utilising her expertise and stakeholder management experience.​

South Harz Potash strengthens presence in Germany through regional manager appointment

South Harz Potash Ltd (ASX:SHP) has strengthened its presence in the region of Germany that hosts its flagship South Harz Potash Project through the...
www.proactiveinvestors.co.uk
 
Went through 20c today on huge volume right at the end of the session.
No news that i can see unless someone has got advance news of the second confirmatory drill hole.
Belarus and Russia are major suppliers of potash...
 
bk1 said:
Went through 20c today on huge volume right at the end of the session.
No news that i can see unless someone has got advance news of the second confirmatory drill hole.
Belarus and Russia are major suppliers of potash...
Click to expand...

I think it has more to do with the war.
 
We could do with something soon...

 
South Harz Potash SHP is my August tip in central Germany after 2 conformation drill holes in the Ohmgebirge license area and a MRE upgrade of 338Mt at 12.9% K2O( previously 325Mt at 13.2%K2O) now waiting the Scoping Study for completion in early August 2022 .Potash price and demand still strong always dyor Springs.
 
Potash turned to poo for me, hope you do well. ?
 
Dona Ferentes said:
Hard to dig deep into the situation .... Ukraine mess ... High energy costs ... food supply issues.
Click to expand...
I would rather buy lotto tickets, than put anything more into potash, to me it appears to be a bigger ponzi than Sydney houses.
 
Dona Ferentes said:
Hard to dig deep into the situation .... Ukraine mess ... High energy costs ... food supply issues.

View attachment 146458
Click to expand...

Maybe management, or everyone ramped up production at the same time and flooded the market?. Theoretically the Ukraine situation should help increase the price, as other countries increase crop production to meet shortfalls.
 
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