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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

Post by bobbythebakeron Sep 29, 2023 10:15am
193 Views
Post# 35661474

What's Not To Like?

What's Not To Like?-> Consistent insider buying this year.
-> Initial field work at Tugaske proposed via this most recent financing.
-> Above market financing just proposed at 15 cents.
-> Press release from 4 weeks ago telling us "significant project equity financing investments....are at advanced stages which coincide with Gensource’s desire to implement development of its first selective solution mining cavern on the Tugaske project this fall."

My impression is this recent private placement, with "some or ALL" shares expected to be bought by insiders, could be for initial fieldwork followed by the more significant financing described in the press release mentioned above.

Go team go! (insert pom pom here)
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