Post by
mdjbrown on Jul 06, 2023 1:06pm
Must be really tough sledding trying to raise equity
With the other selective mining fish sharing the same finance seeking pond as Gensource, it would be nice to see the updated OPEX / CAPEX plan for Tugaske, and a road map on how they plan to bring it to fruition.
Will improved OPEX / CAPEX assumptions help? Would a consolidation of shares put Gsp in a better position to raise money from larger funds? Is that why Evolution Potash has a much smaller float than Gsp? Is it easier to promote $2 shares than .11 cent shares?
Strange that there has been very little in the way of operational news from Evolution, Continental, or Gensource when lots of other mining projects are raising millions in equity out there. Promoting novel horizontal selective potash mining must be a tough sell in the current environment.
Hearing rumours it could be next year before Western is ready to give things a shot production wise, and nothing really coming out of PADCOM, so here we sit in hurry up and wait mode I guess .....
For something promoted for years as the next revolutionary green technology about to completely change the potash sector forever, it sure is having trouble gaining any traction in a time when green technology is the biggest focus on a global scale!
One of these companies needs to step up, and get this done otherwise Saskatchewan will continue to increase their mountain ranges of salt.
If the horizontal selective solution mining tech doesnt pan out, I am positive the first to figure out how to return those mountains of salt back into all the abandoned caverns and mines in the province will be a very, very lucrative venture :o)