Gensource Potash Corp V.GSP

GSP $700k Private Placement

[bobbythebaker]

15 cent shares issued with 30 cent warrants, some or all of which will be issued to insiders, primarily for use on Tugaske field work?  All good signs to me the company is headed in the right direction.

[mdjbrown]

btb, just curious We know GSP was down to approx $300k 3 months ago, so how far do you think $700k goes when conducting fieldwork, key bridge engineering work, and updating AACE Level 3 Capital cost estimates?     These were all action items that were to be completed in early 2023, but we have not seen those updated reports. If insiders are largely funding this PP, I think that

[Rattler99]

Lol.. Gawd you are a broken record.. We got it.. I don't even disagree with you, but stupid me for opening your posts anymore. I already know what it's going to say.

[mdjbrown]

R99,    These updates of Westerns mine are brand new as they have not officially announced any production yet, but are right around the corner. Anyone invested in any company in this industry where this novel tech is being relied on should be monitoring every move of Western and previously Padcom, as paying attention is key to success and Western is the only one about to press the

[Rattler99]

Yes thank you!  Much more informative and I agree. TY

[BigJake]

Completely agree Rattler, their comes a time when beating a dead horse is pointless but I guess maggots crawling out of it's eye sockets isn't enough for some people 

[mdjbrown]

Agree BJ, absolutely identical to all the positive rah rah pompoms flying with each and every press release,  In what world is a $700K PP a good sign, other than the bills can be paid until future PPs are announced. Took the same flak from dilusional posters on Encanto's board, and when the dust settled,  it didnt work out so well there.  Gots ta pay attention if you dont want

[BigJake]

I don't think having to do another private placement, further dilution just to keep the lights on is positive, in fact I think it sucks. But I  have a choice, accept it or sell and move on just like everyone else here. I am watching very closely, just not continuing to restate what should be obvious every week 

[mdjbrown]

Fair enough BJ.  On the bright side, the obvious willingness of the Gensource executive to keep pushing forward even if it comes out of their own pockets is a very positive example of great management refusing to give up, even when the current potash environment is not being very helpful. Time will tell, but it may take outside the box thinkers already in the field to join forces with the

[stockwatcher248]

hey MJB that's great the 700k raised will be spent on the project, what about the $4.000.000 in outstanding accounts payable and bills???...how will those bills be settled and paid???...30,000,000 share financing at 15c....you would be diluting me to death...look forward to any suggestions by  Big Jake or Black????

[mdjbrown]

sw248, if there is a will, there is a way, but the markets are not exactly in any of these potash juniors favour.  Lower potash prices are definately not helping the equation, but this management team has been through the high and low cycles, so I am sure they have a plan in place. If GSP can attract investment without dilution or consolidation that would be ideal, but half a billion shares