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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 mdjbrownon Nov 23, 2022 10:43am
113 Views
Post# 35121763

RE:RE:RE:Emotional Investing

RE:RE:RE:Emotional Investing btb, what do you think Q3 financials are going to reveal?

What source has been paying Gsp's bills including salaries the last quarter?  Is it further draws from the K-Clean / Helm $5 million credit facility?

Does GSP have the updated report for economic feasibility of the Tugaske project?

Did GSP conduct the dynamic dissolution tests required as mentioned in the last Technical Report, instead of basing the mining cavern models on assumption?

Whats going on with the highly touted but dillutive Innovare transaction?

GSP already has almost a half a billion shares outstanding with no equity component of the required project financing. How is GSP going to raise more than $100 million without further dilution to current shareholders?


These are questions shareholders should be asking, and not holding on to hope and optimism


Western is miles ahead of Gensource in their quest to become the first, but that progress came at a huge cost to the original shareholders through dilutions and creative partnerships.............  Ask those folks how hope and optimism worked out for them
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