Gensource Potash Corp V.GSP

News

[black364]

https://www.londonstockexchange.com/news-article/GSP/3d-seismic-program-and-comprehensive-update/16241575

[mdjbrown]

There you go black, looks like Gsp is using the corporate treasury to initiate and fund this SMP200 program to date, while waiting for deep pockets.....  Was the last financing flow through eligible, as that would also explain why insiders dropped considerable money down at a premium to the existing share price?   Building a cavern to prove their tech might be on the back burner

[stockwatcher248]

well I said a week ago that their seemed to be a support level at 5.5c..we'll see if it holds....

[black364]

("Building a cavern to prove their tech might be on the back burner for now, as I am not sure the remaining cash on hand can fund both projects."               If anyone is puzzled today by Dan's above comment, don't be.  Go back to the November 29 release and it's clear where financing for cavern development is coming from.  

[stockwatcher248]

Black...i think the stock having  5.5c bid this morning leaves enough seeds of doubt that MJB doesn't have to....

[black364]

You're right, Stock. There is one individual intent on destroying the share price.  There are others besieged with fear due to herd mentality and a smattering of other reasons.  Did you notice that on the buy side there are those that are backing up the truck.  A large part are very aware of the bigger picture.  We will probably see volume in excess of a million shares

[black364]

Stock, as a PS there wasn't a 5.5 cent bid in the forefront today. The lowest bid was 6 cents.

[stockwatcher248]

well my national brokerage firms trading site did show a 5.5c bid for well over a half hour...so whatever

[mdjbrown]

hmmmm couldnt be a shareprice that has dropped substantially due to financing struggles, and tax loss selling causing the shareprice fluctuation, could it black? Ah I get it, easier to blame others than face facts.  Carry on!

[mdjbrown]

Top of the morning to ya black. I think most here are aware Gsp has been eluding to a drilling program for quite a while now, and yet it never seems to transpire, and no I have no clue who is financing the drilling, as there has been very little financing lately other than insiders. If I were to take a wild guess, the concerns at Westerns mine may be influencing the eagerness to get a drill