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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 7Twiggyon Nov 11, 2021 10:26am
112 Views
Post# 34114678

Most shareholders hanging on to their shares tightly

Most shareholders hanging on to their shares tightly
Often mused about who was selling, but another good question is who is buying.  Volume is really light, less than an average
of $400,000 for the last few days.  As far as I can tell at least three followers on this board have either sold their position or took a little off the table, but
if you compare this to the total share count, it represents a very very small fraction of shareholders. Theoret should be back or on his way
back and I would not be surprised to see them hammer out some kind of agreement over the weekend.  I am hoping they come up with
another creative solution, like the debenture issue.  Possible sell a portion of the project or agree to some percentage of module two or three.
At any rate this small drop after a huge run does not seem to be shaking a lot of shares out from current shareholders.  Also would not be surprised to see another large group of investors or a another bank join the group to help bankroll the project with some guarantees for a sweet deal on future modules.
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