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Bullboard - Stock Discussion Forum 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... see more

TSXV:GSP - Post Discussion

Gensource Potash Corp > What's Not To Like?
View:
Post by bobbythebaker on Sep 29, 2023 10:15am

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)
Comment by mdjbrown on Sep 29, 2023 10:59am
LOL  btb
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