Gensource Potash Corp V.GSP

Is there any better time for Innovare to prove their

[mdjbrown]

patented process works?

https://innovaretechnologies.ca/about/


Gsp hyped the acquisition of Innovare, so no better time to get an operational cavern going.

They have the land, the drill rigs, and the people in the office to drill a cavern at a discount, so whats the hold up?

https://www.businesswire.com/news/home/20220412006127/en/Gensource-Announces-Agreement-to-Acquire-Innovare-Technologies-Ltd.

[stockwatcher248]

MJB....could you please explain to me why investors out there are buying the stock at 9c when it has almost 500 million shares outstanding and 0 revenue or any work program announced....oh and by the way has little cash and 11 million dollars in current liabilties owing....that would involve another 150 million shares to be issued at these prices to pay the piper....where does it end???...your

[mdjbrown]

Not sure sw248 Certainly doesnt help anyone when world potash prices are in a tailspin, and whoda thunk the Russians would of found a back door to sell their western sanctioned potash at a discount to India and China? Kind backfired me thinks!

[mdjbrown]

 https://www.reuters.com/markets/commodities/potash-supply-nears-pre-war-levels-pushing-producers-cut-output-2024-10-23/

[stockwatcher248]

thx for the article...this potash oversupply certainly puts a damper on major producers earnings and growth for the near term, hopefully maybe 5 years...but now puts the hope of any non producing junior to be looking at at 5-10 year frame for any opporunity to get in the game at profitible numbers ???......do you think GSP might swing into the rare metals, oil, canola or cannabis sector as an

[mdjbrown]

sw248, with Belarus and Russia selling potash out the back door for a fire sale price, it might take some time to regain normalcy in the potash sector.  Gsp's CEO has experience in uranium as well, but I believe there will always be a place for boutique potash producers on a smaller scale.  Intrepid has several products in a wide range of uses, but obviously that only happens when

[oldsalt72]

Guys, look at Laos. Big producers went through a crazy high price increase. China  not happy so invested in Laos, with 2.5 million tonnes in place and more coming. Now BHP not that far off.  The only hope is to meet low prices in the near term. Need a very efficient, low cost project to be profitable. This could be done.

[oldsalt72]

It's going to be a different world out there, for new projects. Maybe the expensive head  offices will need to be scaled down, projects carefully designed with good cost control. Payback may be years, rather than months. But even the established projects will need to find new ways to improve efficiencies, and soon. There is lots of potash in the world. If the price is not "