Gensource Potash Corp V.GSP

Alternate Symbol(s): AGCCF

Chemicals Basic Materials

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

Gensource Potash Corp > Deals are getting done

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Comment by mdjbrownon Oct 28, 2022 11:11am

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Post# 35055860

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Deals are getting done

No worries R, at the end of the day there will need to be a creative Equity financing put together by the team at GSP to move this project forward.

If I am not mistaken, GSP is looking for approx $120 million to take the next step, but that progress is not always shareholder friendly. At todays shareprice, that is a lot of shares to raise that kind of capital.

Look no further than Western Resources who doubled their shares and now have just under half a billion shares outstanding after they raised $80 miliion to complete phase 1 of their project

Unfortunately that financing came at a huge cost to shareholders who were already diluted through previous ill advised strategies by WRX

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