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Gensource Potash Corp V.GSP

Alternate Symbol(s):  AGCCF

Gensource Potash Corporation is a Canada-based fertilizer development company. The Company is focused on developing resource opportunities with a specific focus on potash development. The Company operates under a business plan that has two key components: vertical integration with the market to ensure that all production capacity built is directed, and pre-sold, to a specific market, eliminating market-side risk; and technical innovation, which allows for a modular and economic potash production facility, which demonstrates environmental leadership within the industry, producing no salt tailings, therefore eliminating decommissioning. Its projects include Tugaske Project, Vanguard Area and Lazlo Area. The Vanguard Area is 100% owned in central Saskatchewan, located 170 kilometers (km) South of Saskatoon, 150 km North-West of Regina on a provincial highway system. The Lazlo Area is located in central Saskatchewan.


TSXV:GSP - Post by User

Comment by 7Twiggyon Oct 20, 2022 4:13pm
143 Views
Post# 35037396

RE:RE:RE:GSP

RE:RE:RE:GSPLooks to me like the price is being held up. Most likely easy to do as I suspect most
of the stock is held that die hards that will be willing to go down with the ship if need be. 
As I said before all signs that I see point to difficulty in getting the financing. With no financing, 
no mine and the shares become next to worthless. Maybe the only option is to do another
financing and delute the sharebase.  At least the cash is available to get things moving.
I would guess this would have to be done at prices in this range or lower.  The sad part is that
accredited investors would be the ones involved and the average retail investor left on the street.
Without a financing the stock is not even worth 8-12.  Right now you can throw a dart at
a cluster of oil and gas stocks and get a dividend of 8 to 10 percent  and some appreciation in price.
You are right on the money sw.  If Management doesn't lift the veil and become more transparent, this thing will slowly sink in price.  With the volumes trading now, all it would take is one disgruntled
investor to sell a couple hundred thousand shares and look out.  There are a lot of shareholders
that got in around .05 to .06.  I know I did and I think I had around 200,000 shares. 


  
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