Gensource Potash Corp V.GSP

While we all wait for updates from the corporation

[mdjbrown]

The race to proving this novel mining tech is proving difficult, and with Gensource previously offering $11.5 million in common shares for the aquisition of Innovare, who is Innovare Technologies, and how does their approach in proving up the elusive down hole horizontal selective solution mine mystery differ from those who have already attempted this feat before and after their patent was granted?

Has the Innovare patented process been tested in real time downhole application since the patent was approved?


Patent History
Patent number: 9822013
Type: Grant
Filed: Jul 6, 2016
Date of Patent: Nov 21, 2017
Assignee: Innovare Technologies Ltd. (Carlyle)
Inventors: John Sheldon McEwan (Oceanside, CA), Sandy DeBusschere (Carlyle), Michael John Ferguson (North Saancih), Max E. Ramey (Plaetas, NM)
Primary Examiner: Edward Johnson
Application Number: 15/203,651
 
https://patents.justia.com/patent/9822013
 

Innovare Technologies Ltd (Innovare) is a team of experienced professionals consisting of three Principal consultants all with extensive experience in solution mining project development and operation.  Their expertise covers the areas of well and cavern drilling, well field layout and cavern sizing, and mineral recovery processing.

Principal team members and area of expertise:

• Sandy Debusschere - over 27 years of experience in well drilling and cavern connection.
• Max Ramey - over 31 years of solution mining engineering experience.
• John McEwan - over 43 years of process chemical engineering experience.

.

https://innovaretechnologies.ca/company-news/


From Gsp reported public disclosure:

Artisan Consulting Services Ltd,
McEwan Consulting Chemical Engineering, Inc.
Ristra Consulting Inc.

For the year ended December 31, 2021, Innovare reported an unaudited loss before tax of C$40,139 and gross assets of C$12,025.

[stockwatcher248]

MJB......thx or all the postings.....but the stock socks...my prediction is we are headed to a best a 500 /1 share consolication which would make our holdings worthless...hope I'm wrong.sure nice to see the inflated salaries still be paid...hope they feel good looking in the mirror at them selves...that day will come to an end....

[mdjbrown]

You are welcome sw248  I dont know if 500:1 is in the cards, but I agree that at some point a consolidation will be likely. I could certainly see a 20:1 split occur to push the shareprice above a dollar to make financing a bit more attractive. Time will tell sw248, as the potash cycle is a bit of a roller coaster at the moment, and it would be nice to see an updated CAPEX  / OPEX

[403boss]

I wonder if they are concerned that maybe they can't prove it. That could spell disaster.

[mdjbrown]

It's been a really good decade for those cashing in on the hype and promotion of the novel tech 403boss, but at some point the rubber needs to hit the road. Western's attempt at being the first to accomplish it has brought a lot of attention to this sector considering the $200 million plus spent to date with no production to date.

[403boss]

Agreed, the rubber is getting close to meeting the road Western is starting to look like a bust,  it's unproven technology that is starting to look like unsuccessful technology.  The hype is gone, the stock has tanked now we just wait and see if GPS is smoke or fire. 

[403boss]

Agreed, the rubber is getting close to meeting the road Western is starting to look like a bust,@ it@s unproven technology that is starting to look like unsuccessful technology.@ The hype is gone, the stock has tanked now we just wait and see if GPS is smoke or fire.@

[oldsalt72]

There is a road forward if they want to take it. We'll see.

[stockwatcher248]

thx for the comments MJB...I'm totally stumped why there isn't any update or news on operations.....