Magnesium makes sense to prolong the company I'm sure some of you have been waiting for a logical response
I've followed this company for a long time on the technical side of things. It's a sound project through and through. I still believe with all the engineering milestones done, financing should be sitting there. Let's hope it's not through dilution. Who knows now.
If k+s wants magnesium why wouldn't krn go after it. Ironic that it's released by Magritte(krn obviously) after the release of the CEO. Now reading through there feasibility like 4 times now. The magnesium and potash come out at the same time!!! Wouldn't it make sense to take advantage of that revenue through a demo plant? Create revenue for the company through a small investment. Or are the rig mats they lease enough to keep everyone's salary lmao. I have the circular too.
Oh heres the ironic thing that people miss. Because it comes at the same time. That means your have POTASH coming with it too. They share the same brine well as they have always said they're married together. So it would actually be developing your commercial cavern for the potash project on the magnesium businesses expense for free. Saving money in the bigger picture and pushing the potash project into early development.
Id like to see what the new salaries are and that will tell which way this project is going. Let's not forget that they only need finance. But the guy that's suppose to get it doesn't want to move to Saskatoon where the project is? If the board feels that the CEO couldn't raise money, then why is there a executive CFO. Isnt that what he was hired to do? He's been doing a great job. Failed bought deal, selling shares, a debt finance that I'm guessing doesn't mean anything unless potash is at $400. That makes sense if that's only what the CFO can find!! $400 to finance with 50/50, I guess no one can do better than that.
I think they walked the wrong guy out now after writing this!!
Hope they know what there doing. IMHO
Jericho