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Encanto Potash Corp V.EPO.H

Alternate Symbol(s):  ENCTF

Chemicals Basic Materials
Encanto Potash Corp. is a Canada-based exploration and development company that is focused on potash properties in the Province of Saskatchewan. The Company is focused on the development of Muskowekwan First Nation (MFN) reserve lands located approximately 100 kilometers north of Regina, Saskatchewan. The Company's wholly owned subsidiaries include Encanto Resources Ltd and Encanto Trading Corp.


TSXV:EPO.H - Post by User

Encanto Potash Corp
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(46)
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Post by go.faster@ymail.comon Sep 21, 2017 9:36am
228 Views
Post# 26724782

Consider this...

Consider this...Encanto just received a $100 million line of credit with no interest payment required AND the cost of accessing this line of credit is merely the exchange of stock at a 10% discount to current trading value.  Pretty sweet desal if you ask me...

What strikes me when I first read this news was...WHO IN THEIR RIGHT MIND...would offer this to a Canadian junior mining company Trading on the Venture exchange for $0.05 CDN???  

One could make the case that they could buy the whole company for this amount like several of our predecessors did...for similar amounts or slightly higher.   

GEM is a very experienced investment firm in the global resource space...they know how to evaluate risk sooooooo...

CONSIDER THIS...what did Daskos share/show GEM to entice them to sign this deal?  When Daskos opened the curtain...what did GEM see?

I'll leave it to you to let your imaginations run wild. 
Bullboard Posts
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