Gensource Potash Corp V.GSP

GSP

[stockwatcher248]

share prices never lie....the share price performance of GSP in my opionion clearly indicates their financing activities have not resulted in a postive mode, if it has certainly hasn't been reported to the market and shareholders..other than a handfull of Sask success stories, being Potash Corp, Cameco, Sask Oil hundreds of junior, mickey mouse companes have come and gone...clean shell companies usually will eventually trade at 2c to 5c...not sure why it is at 17c...just my opinion...

[Relaxing]

Stockwatcher , Ha, with everything Gensource has (2 take offs from Helm , Helm $50 mill , guaranteed bank loan for $280 million , world wide interest etc. etc.) you can hardly call them a shell company. Just my opinion.

[frostback]

Off take does not mean anything until there is production to sell.  Bank loan is great except for the fact there is no construction activities taking place.  “Novel” production method has not yet been proven and expect many costly issues to prefect.  There is a simple reason that the two existing solution operations in the area have not attempted the method – chemistry and the laws

[stockwatcher248]

it isn't a shell until all avenues of financing are exhausted and no work program can be done due to lack of funds...would be nice to get an update on the equity financing....has taken longer than expected...

[frostback]

I agree it is not a shell.  Understandably getting a project of this size and nature is no easy task and very few of these projects make it to production.  Reality is the technology is un proven and until such time this project remains on paper only.  There have been multiple announcements of pending financing, construction timelines published and still the project remains in the