Post by
mdjbrown on May 01, 2024 9:38am
Interesting pattern based on GSPs previous history
Gensource intends to raise additional financing to complete the financing of the Tugaske Project, working capital, and begin a second project
"Outlook:
For the immediate future, the Company intends to raise additional financing for the following purposes:
• complete the financing of the Tugaske Project,
• working capital purposes, and
• to begin to develop a second project."
I assume the second project will be targeted for their new prospect SMP200
“The 3D seismic program on SMP200, described in the news release dated December 7, 2023, is near completion as of the date of this MD&A.”