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Gensource Potash Corp V.GSP

Alternate Symbol(s):  AGCCF

Gensource Potash Corporation is a fertilizer development company. The Company is focused on developing resource opportunities with a specific focus on potash development. Its projects include the Tugaske Project, Lazlo Area, and Vanguard Area Project. The Tugaske Project is the Company’s advanced potash project. It has completed a full, bankable feasibility study and a follow-on front-end engineering and design study (FEED). The Lazlo Area is located in central Saskatchewan along an infrastructure corridor between the major population centers of Saskatoon and Regina. The Area is located over a thick and rich region of the Prairie Evaporite formation known locally as the Davidson Sub-basin. The Vanguard Area is located in central Saskatchewan and comprises two mineral leases, KL244 and KL245, and Potash Permit, SMP200. SMP200, which abuts existing Company leases, is about 7,180 hectares and represents a direct addition to mineral leases KL244 and KL245 in the Company’s Vanguard Area.


TSXV:GSP - Post by User

Post by bobbythebakeron Jan 14, 2021 10:10am
327 Views
Post# 32293374

All-Time High

All-Time HighCheers!  I see GSP just touched 25 cents this morning.  That tops the former all-time high of 24.5 cents set back in 2017 during the EGME JV era.  For those of us who were following the company back then, you will recall the secondary offering at that time was met with a far less ebullient response.  Of course, the difference between the two projects have been night and day.  I appreciate the market sees last night's secondary offering as positively as I did.  I expected it to take longer for the market to come around to my way of thinking.  Coffers are full for 2021 now, and one would imagine buyers are chomping at the bit this morning to buy the 55mm shares being offered.  That's a year's worth of normal trading volume.  I highly doubt anyone would sink that kind of money/shares in to a currently illiquid microcap stock, unless they saw both those adjectives changing in the years ahead.
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