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.

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Gensource Potash Corp > Musings on The Options Grant

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Comment by mdjbrownon Jun 08, 2023 12:27pm

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Post# 35486701

RE:Musings on The Options Grant

What a difference more than 6 years makes or does it?

bobbythebaker wrote: Look - if GSP is granting options to its Senior Staff (I think they are all Senior Staff), directors and consultants right here, right now at 13-17 cents, that is incredibly bullish to me. It tells me:

(a) They expect the stock to go considerably higher than 13-17 cents.
(b) They don't expect the share price of GSP to drop anytime soon, or else they would have waited to issue the grants until after the bad news

Considering we are getting closer and closer to definitively moving forward (or failing to do so) on Vanguard One, I think this is EXACTLY what you would want to see with feasibility study / financing / 3D Seismic / construction decision all likely in the next 90-120 days.

Also remember, GSP is currently the absent the Phase One $5mm they hoped to obtain from Essel Group, in order to complete the Feasibility Study. With only 2 months until the due date there, it would seem they are just going to pay everyone in shares instead. Once again.....extremely bullish if people are willing to work for options instead of cash.