RE:RE:RE:Funding Gaps—Red Flag or Growing Pains?lol black.
I can tell you without doubt that was the first thing I did. What I was hopeful of is the $700K comment might have slipped by as that would help out. NOPE!
$21K in cash on the books as at Sept 31, 2024, and an injection of another $100K interest free loan by an insider, so one can assume 1.5 months later some of that cash has already been burned.
Oh well,next financials are due in the New Year.
What would be interesting is to see where the company is with the required obligations on SMP200
December 2021 public offering - Gensource Potash spent $103,305 on 7,244 hectares near Tugaske, south of Eyebrow. Was it $3 million in spending obligations that was required?
17. Commitments and contingencies
i) While the Company has performed its own due diligence with respect to title of its properties, this should not be construed as a guarantee of title. The properties may be subject to prior unregistered agreements of transfer or aboriginal land claims, and title may be affected by undetected defects. If the Company defaults with respect to making payments or completing assessment work as required in order to keep its permits in good standing, the Company may lose its rights to the properties underlying such claims.
Those pom poms must be getting worn out ole boy .............................