RE:RE:Q1 results should be very interesting consideringsw248, the company reported a couple days ago: "Outlook For the immediate future, the Company intends to raise additional financing" so I guess we will soon see what that entails and who puts $x cash on the PP table.
GSP also announced: "Tugaske, our first project of potentially many similar projects, has been thoroughly vetted by independent third parties through the senior debt due diligence process."
They previously secured a $280 million senior debt facility so I am not sure raising Debt is the biggest hurdle, as it is essentially a loan that needs to be paid back.
Raising the Equity portion has always been the bigger challenge to date, as inherently there is far more risk involved for those taking on a piece of the story.
Big equity providers out there and all of these independant senior debt third parties are aware of the current supply / demand metrics for potash, but more importantly they will also be very aware of the elephant in the room that has faced all of these novel miners in Saskatchewan.
Until that changes I assume current liability concerns will be secondary, and relying on future PP's to keep the SMP200 story alive will be a priority as they have reported the cash drawer needs replenishing.
Maybe the upcoming Q1 financials shed a little more light .................