Gensource Potash Corp V.GSP

Looking forward to it

[mdjbrown]

"Further, the Company is looking into the feasibility of drilling the first cavern at the Tugaske Project as early as possible in the pre-construction phase, in order to confirm the cavern placement and layout and re-confirm the design parameters being employed in the design of the full cavern system. Exciting times ahead for the Tugaske Project."

[stockwatcher248]

no share price reaction to the news MJB.....in reading the news it lacked information on the dollar amount of investment in the equity issue...with such a small raise on the equity issue their investment can't be significant in the overall picture....no news of any type on the major project financing....no detailed news on a specific work program.....oh well

[mdjbrown]

sw248, these stockwatch and market herald private placement updates will give you a better idea of the funds raised.  It is doubtful the recent equity raised in addition to the remaining HELM credit facility would be enough to drill and test a cavern to prove economic viability. Great to see first nations involvement, but it is a common theme lately with several of the junior potash players.

[stockwatcher248]

I agree MJB....the market certainly is oblivious to this news....expecting a lot more.....

[black364]

Stock, a little mistake on your part.  No big deal but it's MDJ, not MJB.  If you really want to get into it, MDJ prefers to be addressed as Dano.