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

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Post by bobbythebakeron Apr 15, 2023 8:29am

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Post# 35396508

Technically Speaking

A few interesting technical things about GSP yesterday:

-> We saw the lowest weekly volume since 2020.

-> We broke upwards out of the 9.5-10 cent range we had been stuck in for nearly three weeks, an atypically small trading range for GSP.

-> The merciless 13 month weekly downward trendline was crossed to the upside.

None of this proves anything. Just noting something different appears to be going on with GSP lately. Given the painful 80% decline in GSP since March 2022, I would say change is good. If GSP turns the corner, I would not be surprised to see a strong snapback rally given how incredibly oversold the shares have gotten.

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