Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

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

Comment by mdjbrownon Nov 10, 2021 11:30am
122 Views
Post# 34110119

RE:gsp

RE:gspHard to believe sw248, but I agree 100%

All the hype leading into the AIM listing appears to have taken a bit of wind out of the GSP sails, so to speak

Brits piling into a newly listed foreign potash company, when their own potash mines are closing is an interesting expectation, as well. 

Between October 21 and the 26th, the shareprice jumped from .35 cents into the .40's with very little retracement to fill those gaps.  I would expect those gaps to fill leading into the slower months like December.    Those sitting on large profits may also trim a bit off, for a much better Christmas than last year.

That said, if the $105 million Equity Agreement comes to fruition without massive diution, that could help tremendously.

Not sure how the market would view a 300 million share / 35 cent financing when there are already 400 million shares outstanding.   700 plus million shares is a lot of shares for a Venture traded company with no current revenues.

Fingers crossed though


<< Previous
Bullboard Posts
Next >>