RE:RE:RE:RE:RE:RE:Goose gets cooked with creative financingAgree 100% sw248
The GSP team has done a fantastic job developing their modular strategy to this point, and the next hurdle will be raising the required equity portion for their 51% stake of the newly established K-Clean SPV.
Will be very interesting to see how they package that up, and the effects on the current outstanding share structure.
Does some type of share consolidation assist in that goal? Is it easier to raise the required equity at $4.00 as opposed to .40 cents if that consolidation allows larger fish to participate . Is there enough market interest out there to fill a PP of that magnitude?
What control restrictions would be requested by a deep pocket investor bringing in the neccesary capital to fund this exciting venture?
I couldnt agree more with your summary regarding the number of juniors with big dreams coming to Saskatchewan, and eventually fading into a silent shell corporation.
Look no further than several junior hopefuls in the Saskatchewan potash industry including Encanto, Karnalyte, and now Western Resources. It certainly isnt easy by any stretch as Krn was a TSX traded darling at one point not that long ago, and they just recently auctioned off their office contents and vehicles.
This GSP management / executive team has a wealth of experience in Sask potash, and with it a rolodex full of contacts in the industry so of any group trying I would expect they would have a really good shot.
Although many in this group chat disagree, you sum it up perfectly sw, lots of very important pieces to the puzzle yet to put in place.