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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 Dec 09, 2021 5:13pm
110 Views
Post# 34216343

RE:Someone aware of something

RE:Someone aware of somethingHey Twiggy.  You say "large investor" but even today's 837k shares on the TSX is only around $250k traded, depsite it being the 5th largest volume day of the year.  I will say, if anyone ever wants in or out of GSP in the hundreds of thousands of shares in one day, they are going to move the stock several pennies.  So your idea about someone wanting out would make sense in that context.  As for *someone knowing something*, I don't figure there is a GSP insider dumping shares here with reckless abandon.  That's just not how it's done typically, espcially considering GSP insiders are in for 50 million or so shares given current holdings, options and convertibles.  And think about how that would look to the parties GSP are dealing with currently.  I feel your pain.  Today's 4.5 cent drop was the largest in GSP's history as far as I can tell.  But at the end of a month long decline, it looks part technical to me, with no obvious support after GSP's meteoric rise in October and part short-term disappointment with the financial close not coming in 2021.  It almost looks like to me like capitulation.  But until this chart finds some legs, it's anyone's guess what happens next.
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