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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

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Post by stockwatcher248 on Oct 24, 2023 9:52am

GSP

MJB...now that the $700k recent financing is done, hopefully after rent and salaries, their will be some cash to start some type of work program...do you expect an announcment in the near future on the planned work program????
Comment by mdjbrown on Oct 24, 2023 11:29am
sw248, unfortunately a drilling program for just one cavern will cost much more than $700K, especially if Gensource is still relying on their once proposed fan (7 finger)  type cavern based on Intrepid's previous drilling campaign. That would be a huge horizontal drilling undertaking, compared to the more common single horizontal cavern attached to an injection and production well. I ...more  
Comment by stockwatcher248 on Oct 24, 2023 12:08pm
OR we might see a massive share consolidation of around 50 to 1 and the company enter some new oil or uranium plays...would keep the salaries going.....JMO
Comment by Relaxing on Oct 24, 2023 1:28pm
Stockwatcher, your comments on this board are getting more ridiculous. I suggest you keep your insanity to yourself. With regards to Westerns market cap, it is what it is because Western SALTED OUT with their first kick at the can.  Gensource has the luxury to learn from Westerns blunders and cavern design so they dont encounter the same problems. Gensources low market price works in my favor ...more  
Comment by stockwatcher248 on Oct 24, 2023 6:11pm
Relax.....wih the stock 8.5c you must be sitting with massive profits...congrats on making the right call....
Comment by Relaxing on Oct 24, 2023 7:55pm
Stockwatcher,  This industry has done me well over the years and I have the luxury to know all the players in my 35 year career and thus can separate the sheep from the goats so to speak. The team at Gensource , plus the addition of Wayne , all have a proven track record of success in the industry.         (K +S, PotashCorp, Agruim , Nutrien, FMC Corp) I believe they ...more  
Comment by black364 on Oct 25, 2023 12:46pm
Relaxing, reading your posts it's obvious you do your homework and fly with eagles, I too fly with eagles, wing tip to wing tip.    Once in awhile I lower my altitude to fly with a couple of turkeys.  Dan Brown being the more clever turkey of the two.The second turkey's  posts are ridiculous, as you suggested.  Don't count on picking up any shares from this ...more  
Comment by mdjbrown on Oct 25, 2023 7:30pm
Classic response black.  No substance, just inuendo. I applaud Relaxing for eluding to Western running into the potential road block known as Salting Out.  I have not seen it officially confirmed by WRX to date, but that in a nutshell is the phenomenon that has plagued all those trying to prove this horizontal technology for more than 6 decades before Western and PADCOMs recent attempts ...more  
Comment by oldsalt72 on Oct 25, 2023 9:58pm
We need to return to the science of selective solution mining. So far, the published SMRI papers detailing the science in 2014 and 2016 have proved to be reliable, but almost universally ignored. They predict and remedy the salting phenonima. They descibe well design requirements. Instead the old execs and consultants are cherry picking a bunch of old ideas, a pond here, oh, maybe some submerged ...more  
Comment by mdjbrown on Oct 25, 2023 8:10pm
sw248, there is absolutely nothing wrong with asking tough questions that many are thinking, but afraid to ask in fear of being bullyed. You have brought up some very valid points about any junior potash miner with $0 revenue, minimal cash on hand, large liabilities, an extremely large float, and those who truly believe in this company should have no problem sharing a respectful rebuttle to your ...more