Gensource Potash Corp V.GSP

I Also Found This Quote Intriguing

[bobbythebaker]

"If full financing proceeds as expected, the planned expenditures for property acquisition and surface access fees are $900,000. Capital commitments for 2023 will be evaluated as financing is completed."

[mdjbrown]

btb, you are a numbers guy, so heres some intriguing numbers as well.  Keep in mind this data is 2 months old. Cash and investments - September 30, 2023                     $ 725,622 Financial liabilities outstanding at September 30, 2023:  $ 9,854,041 Subsequent to September 30, 2023, the Company completed a non-brokered private

[mdjbrown]

One bright spot should be cash on hand as there should be approx $1.5 million in the treasury, if the "subsequent" PP proceeds of $729,583.20 was not included in the Sept cash calculation. That should be almost enough to drill a single horizontal cavern to test their down hole tech and put all the industry wide doubts to rest, and attract deep pockets!

[403boss]

I don't think that will save this company, it  certainly looks like it's in its final death throws. The company has lost to much of its value to start any drilling program. We may be witnessing the end of VGSP

[mdjbrown]

Hope not 403boss It has been a really tough environment for all the junior potash corps this year, and sinking potash prices are not helping the cause despite the promotion of much lower CAPEX / OPEX for these horizontal selective solution mine operations.   Not much in the way of positive news all year from any of the junior players in this sector. One thing for sure, dedicated

[black364]

Good day Dan, tip of the hat to you.  I'm beginning to have a little hope for you, your due diligence is improving.  You are a few arm's length away although you are going to have to dig deeper.  I know of some on this board that are way ahead of you and I can imagine a good portion of the lurkers are as well.  Good dd starts with getting up in the morning, putting one

[403boss]

Well I have have no idea who stock watcher is and I am certainly not his father. I also don't know alot about nuts falling from a tree. But I do know any stock that is in an absolute free fall and has been for a year is not a good omen. Couple that with the fact at 8 cents there is not alot of room left on the down side. It's not a rosy picture from an existing investor nor is it for new

[mdjbrown]

Hope all is well with you and yours, black. Everyone has their own due diligence methods and despite your reliance on the hope and rose colored approach, some folks actually rely on good ole fashioned financial metrics to judge a corporations health. Go figure, lol! With regards to site prep and field work at SMP200, is there a chance of stretching financial resources to thin considering

[black364]

Good morning Dan. I believe properly reading an MD&A report is elementary due diligence.  The company is NOT moving out of Vanguard, SMP200 is within the boundaries of Vanguard.  Please also note SMP200 is in ADDITION to the Tugaske Project.  The Tugaske Project is being optimized for final financing and construction.  It is a plus that SMP200 is in close proximity to the

[mdjbrown]

Top of the morning to you as well black. Just curious why a difference of opinion to yours always amounts to fear mongering? Could it also come down to common sense, for those not drunk on the spiked kool-aid? You jump all over newcomer 403boss for his or her opinion, and yet they share very valid concerns that the share price has been in a free fall (FACT) and Gsp's financials tell a not

[black364]

A real man would have stood up and said I miss spoke and I was wrong. That would have been the end of it.  Dan, instead you tried to weasel out of the two subject matters I presented.  You laid out the notion that the company's capital would run thin for property acquisition and land access for SMP22. This was just another example of a whispering innuendo in an attempt to mislead

[black364]

I'm sorry, the map of Vanguard didn't come through. If anyone is interested, it is in the MD&A.

[mdjbrown]

LOL black, you really need to get over yourself.  Its not healthy to try convince everyone your word is gospel, when you know its not! I was simply asking a question, not making any kind of statement "With regards to site prep and field work at SMP200, is there a chance of stretching financial resources to thin considering current cash on hand?  If GSP is spending $900K on their

[403boss]

Agreed, and going forward it will be difficult to put together a production plan with a stock value of 8 cents. The money has to be coming from someone and some where. The stock has been in a free fall for the better part of 2023 which is going to hinder attracting investors. While none of us want to see the company fail the numbers are the numbers and they are BAD. They really have to start an

[403boss]

Agreed, and going forward it will be difficult to put together a production plan with a stock value of 8 cents. The money has to be coming from someone and some where. The stock has been in a free fall for the better part of 2023 which is going to hinder attracting investors. While none of us want to see the company fail the numbers are the numbers and they are BAD. They really have to start an