Encanto Potash Corp V.EPO.H

Alternate Symbol(s): ENCTF

Chemicals Chemicals

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.

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Encanto Potash Corp

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Comment by KingAceon Jun 16, 2018 7:20am

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Post# 28181153

RE:RE:RE:RE:RE:RE:may go away period is over. Watch this baby fly to the moon!

FreeNorth wrote:
Maybe. But, they have never really identified how the non-dilutive GEM 100 million works.

Also, with BDC and other Gov't grants and loans as well as bank financing (debt) for the building of a mine, it is possible that no further dilution (reverse split, etc._) occurs.

My point though still is, I hope they do a better job of reverse split in the future where it is not an isolated event. That is why we are now at 2.3 cents (23 cents) rather than 5 cents (50 cents).

Yeah I guess anything is possible but 100M is a drop in a bucket compared to the ~3-4 billion they need. It just isn’t possible to raise 3 billion dollars from basically scratch without giving away a major chunk of your company. And then taking it back, and selling it again. But I suppose you never know. Would be a grand slam if they ever do build a mine either way. But I think we’re still years away. Hope not but..

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