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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

Comment by bobbythebakeron Sep 23, 2021 11:58am
154 Views
Post# 33907369

RE:Early days

RE:Early daysAgreed, Twiggy.  I know 500k shares *feels* like a lot of volume for GSP this morning.  But keep in mind, that's just CAD$150k traded for a company that's looking to own 2/3 of a mine worth CAD$450mm replacement value, no less its earnings power / expansion capability beyond that.  For those who have been holding some of GSP's 400mm shares lo these many years, today may be providing some welcome liquidity to unload a few without driving the price down.  I agree as the story gets out about today's news, the equity is settled and pre-construction uncertainty is removed, the GSP story will continue gaining a wider audience and broader appeal.  I always viewed a debt deal as a linchpin for GSP's first module.  Today's announcement is key.
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