Post by
mdjbrown on Apr 07, 2023 10:05am
At what point are the outstanding shares addressed?
As the corporation continues to gain interest in their projects, obtaining a financing arrangement for hundreds of millions of dollars at a dime is not exactly ideal, when considering the almost half a billion shares currently outstanding.
Does the company build their first operational cavern on a shoe string budget to prove economical viablity, and then use that confirmed proof of concept to get a much better deal in an industry that has rumors of increased capacity coming online soon?
Are the engineers at Gensource waiting for results from the Milestone or PADCOM proof of concept mines to get a better understanding of the best downhole methodology to incorporate into their cavern strategy?
Looking forward to the spring and summer as interesting times ahead for sure .............
Comment by
stockwatcher248 on Apr 07, 2023 2:07pm
I agree MJB.....an equity financing at 10c would in my opinion be devasting for shareholders...think about it issuing 500,000,000 at 10c only raises $50 million.....not sure what the other options would be at this point...