A Canadian mineral exploration Company
Focused On Exploring For World Class Gold & Base Metal Deposits In British Columbia & Diamonds & Industrial Minerals In Alberta
  • Demo Video
  • Private Messages
  • Edit My Profile
  • View/Edit Portfolio

Email Updates

Search

AGORACOM News Flash

AGORACOM WIRE - WEDNESDAY MAY 30TH, 2012

GOLDEN HOPE MINES (TSXV:GNH) Confirms High Grade Intersection of 64.1 g/t Au (Gold) over 1m Read More 

  • The screen metallic analysis returned 82 g/t Au for an average grade of 93.5 g/t Au.
  • Two additional fire assays on the original pulp done prior to the screen metallic analyses returned 0.22 g/t Au and 0.12 g/t Au for an average fire assay grade of 0.41 g/t Au. The weighted average of all the fire assays and screen metallic assays from this 1-metre section in hole BD2011-184 is 64.1 g/t Au.

Sonomax® eers™ Custom Earbuds Announces Sponsorship of MUTEK 2012

CONTINENTAL ENERGY  Geothermal Energy Project Receives US$ 11.5 Million Grant Read More * Client

AGORACOM Launches Graphite Stocks Blog

Top Stories

  • FOCUS METALS (TSXV:FMS) Changes Its Name to Focus Graphite Inc. Read More   |   *SPONSOR

  • LOMIKO METALS (TSXV:LMK) Paul Gill Discusses Exploration Initiative with James West of Midas Letter Read More   |   *SPONSOR
  • GRAPHITE DEMAND Seen Surging from Fuel Cells, Nuclear Reactors, Graphene Read More

 

 

Message: Potash project - keeping some of it and raising cash.

Bob_goat
Rank: [?]
Vice President
Points: [?]
4846
Rating: [?]
Votes: 175 Score: 3.1
  • Currently 3.2/5 Stars.
Did you know? You can earn activity points by filling your profile with information about yourself (what city you live in, your favorite team, blogs etc.

Potash project - keeping some of it and raising cash.

posted on Aug 12, 09 02:53AM

Just my thoughts on this --

When Freewest spun off Quest, with all their uranium assets, FWR shareholders were given Quest shares as a sort of bonus or dividend; I think it was something like one Quest share for every ten FWR shares you owned. Then you could buy one more Quest share for cash, for every one you were given. In other words ordinary retail shareholders took part in their IPO. Didnt have to have lots of money, or Net Worth, like for most other IPOs.

Freewest exchanged the uranium assets for Quest shares also, so shareholders kept an interest through that as well.

Some Quest shares were distributed to the Big Boys also, like in other IPOs, but I think ordinary shareholders were quite happy with the way things worked out.

Freewest didnt lose any value by this, since their shares werent diluted by raising cash to explore the uranium claims

Seems to me GRZ intends something similar - raise cash ($5million) to explore the potash claims, while not diluting their stock. If good deposits are found, more cash will be needed for development, and at that point it will be the Potash Co doing it. As QQ Girl said, even a small interest in a very big asset, like a potash mine, is way better than 100% ownership of something that is going to cost a lot to prove up and develop.

New Message

Please login to post a reply

AGORACOM Quick Tips

AGORACOM 100 - The Top 100 Small Caps ... Find Your Next Investment

President's D.D.

New feature: Hub Presidents can add important links here.

Hub Leaders