Gensource Potash Corp V.GSP

Citius, Altius, Fortius

[bobbythebaker]

-> Highest TSX-V volume day of 2022 at 1.36mm shares.

-> Largest single day gain at close ever in GSP history of 6.5 cents. (Raise your hand if you bought shares when the whole share price was 6.5 cents and are still alive to tell the tale!)

[WalStreetPotash]

I think I started buying at 4.5 cents in 2016.

[Rattler99]

same.. got a truck load at 6.5 cents

[stockwatcher248]

so we had a one day wonder on the great news!!!....and stock backed off right after to 22c...no confidence in this stock...with no financing news in the immediate works am going to guess we will slip to the teens....15c-19c....could be a buy there.....if a stock consolidation happens as a result of the financing we are 5c bound....hope I'm wrong but that's how I see it.....

[bobbythebaker]

Take heart, Stockwatcher.  Price is not always truth, at least in the short term.  Also note on Tuesday GSP traded 1.36mm shares on the 2022 highest volume, highest closing gain day ever, which gives as much credence to a move as you could hope for.  While the retracement the past few days has been less impressive, slowing down to around 75k shares a day Thursday and Friday, just 1

[mdjbrown]

Btb, I totally agree shareprice can fuctuate wildly, but comparative Market Cap analysis can often provide valuable indicators within any given sector. When comparing horizontal selective solution mining peers in this sector, there are really only a couple publicly traded corps in Saskatchewan to compare to, and that being Western, Encanto, and potentially Karnalyte.  Buffalo Potash and

[7Twiggy]

Hope you are wrong also.  The news we got did nothing except help a few make a bundle on short term trades.  The new technology has not yet been proven for this play.  The news release most likely put out for investors requesting an update.  An update telling you a company will up the amount they buy from you is fine if you already have the goods. Gensource has not yet got the

[mdjbrown]

Hard not to agree 7T I find it so interesting that GSP has not announced a pilot  / proof of concept program to test their novel process. If I was a deep pocket investor interested in funding a mine start up relying on new tech, that would be my very first question.    Has the GSP process been proven to be economically viable, and if not, when is that information expected? Even

[bobbythebaker]

Twiggy:  Note Rob and Deb took all that money from share sales and plowed it right back into options exercises that were expiring that same week, meaningfully increasing their ownership in GSP.  These guys have been living off modest salaries for many years now and just don't have the cash to throw around.  FWIW I guess Mike Ferguson had some money for his options exercises

[stockwatcher248]

salaries in 2021 as per annnual returns.....Ferguson   $435k....Theoret  $280k...Morskey  $280k...option based awards....Ferguson $224k...Theoret  $150k...Morsky  $150.... you call these modest salaries ???????????....what planet are you living on????....insiders sold stock at 27c and turned around and excercised options at 13c....what faith does that give you???????.

[7Twiggy]

Good research sw.  Modest salaries my ars. BB wake up and smell the roses. You should be working for the GSP PR department or maybe you already are.  This stinks. I would be really steamed if I had bought these insiders shares at 20 percent plus the value today. Just hope for the  companies sake these insiders never knew the news release that would cause the spike in price was

[mdjbrown]

Lol 7T There are Miners who actually mine, Promotors who promote the possibilites of becoming a Miner, and Cheerleaders who publicly cheer on the Promotors. The markets remind me of the wild west days of the Vancouver Stock Exchange, and there are some really effective promotors across the mining industry today that could rival some of the old VSE legends.

[habsguy]

mjd....it always was speculation with the pennies..not?....and I don't believed to this day that has changed. Some have it and some don't....for every winner there is a lot of losers....makes the world go round.....hopin our world goes round shortly....old rumour but k&s is doubling prod...

[black364]

Habs, would that be the same K&S Mike Fergusson geared up?

[habsguy]

Yuppers Black...matter of fact just south of the GSP spread....

[black364]

Well Habs, to put it lightly, I'd say Mike knows what he's doing.  The battery of engineers that were employed by Helm, KFW Bank, Societe Generale Bank, a major Canadian bank, The German Export Credit Agency, BDC, The London Stock Exchange and others was required to insure that Gensource's mining method is solid.  Yes, very solid, so solid that they all have invested in

[Rattler99]

Thank you Black.. Very well put. Brown you have good points but the majority group has heard and read them so many times it's nauseating. Maybe just make a reference code and input it to the messages, we all got your point.

[mdjbrown]

Just keepin it real Rattler, but sometimes its hard to see through all the pom poms black and the boys are waving. As nauseating as you may find it, others who almost get caught up in the cheerleading hype appreciate the heads up.           Ying / Yang I guess I am truly hoping for success for all the juniors planning on using this novel process, as the potash world

[Rattler99]

Yes, I agree and like I said you have some good points. BUT..So does my wife, AND I say to both of you "I heard you the 1st and 10th time".. lol..

[mdjbrown]

lol Rattler99, and did you sell your truckload of .065 cent shares in the last massive run up into the .40s.    If you didnt sell at a huge profit and if your wife is like mine, no wonder she tried to say it 10 times because she was right.   lol Like they say, never fall in love with a stock no matter how sexy it seems, as it will never love you back, and will eventually

[black364]

For the first time I've got to hand it to you Brownie, it takes a great man to point himself out as a pumper.  You've been leading the band at Western for years.  I feel for the shareholders over at Western, a lot of them are 6 pack/ mom and pop /salt of the earth/ good people who took a chance on what appeared to be an honest deal.  Unfortunately the shareholders have been

[mdjbrown]

lol Black, you can do better than that.  Just keepin it real big fella Whether it is Western, Gensource, Encanto, Buffalo, Beechy, or Karnalyte, they are all relying on similiar technology in the great province of Saskatchewan. Biggest difference is they have all made it known for several years, and yet some have made a killing in promoting, but havent even conducted a pilot project to

[stockwatcher248]

I agree MJB...the pumpers might as well take a break without any type of imminent financing news....and unfortunately the bagholders need some time to lick their wounds and bunker up for the next leg down....

[mdjbrown]

no doubt habsguy, and the added risk is that without a viably economic horizontal selective solution mine, it can not happen. Solution mining operations like Belle Plaine and Bethune mines have been proven to be successful in Saskatchewan, but that is not what Gsp is modelling their success around. If that were the case $4 billion would be a better CAPEX starting point, and it appears raising a

[habsguy]

I might add that finding the "right" capital is part of the equation.....I'll throw out there that my guess is they want a bigger picture coin solution to meet the future implementation of mod's....a little pain now to eliminate future growth worries and hassels....

[stockwatcher248]

just to elaborate your comment Rob sold 375k shares at .27c  ($104,910) and exercised 807k shares at ,13c  ($101,250),,,,,Deb sold 500k shares at 27c  ($135,000) and exercised 1,000,000 shares at 13c. ($130,000)...yes agree both increased their holdings in GSP but at zero net cost...no new money....

[7Twiggy]

and no news release.