Gensource Potash Corp V.GSP

To All Those Here On Suicide Watch

[bobbythebaker]

Mike told us on the shareholder update call just 7 weeks ago that Gensource was aiming to secure equity financing in the Fall.  We still have 2 months left on that timeframe.

 

The market is sharply down 10% since then.  And Potash stocks like NTR, NPK and IPI are down much more.

 

I expect this is not an easy environment in which to put the finishing touches on a mine deal.

 

But it does not mean that GSP is destined for the scrap heap.  If you look at the project's history, the players involved, the recent real dollar commitments by management, and how little is left to finish the deal.....the gloom and doom here is laughable.

[BigJake]

I would have to agree with your comments, but I would add that not everyone here is predicting doom and gloom, most are patiently waiting an update on financing, unfortunately those with the least patience tend to be the loudest.