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

Post by mdjbrownon Nov 26, 2022 10:09am
206 Views
Post# 35130442

tin foil hats and the man behind the grassy knoll!

tin foil hats and the man behind the grassy knoll!black, you are a riot but your conspiracy theories of the Anon man systematically driving Gsp's share price lower are way out there even for you. Even more out there is that shorters are to blame for Gsps falling shareprice considering short interest is currently less than 40K shares on a 420 million share float.

If you look at the history of all the junior potash companies, you will see most reached year highs during the late 2021 / early 2022 time frame.

Early threats of a possible Russian invasion of Ukraine and subsequent fears of global shortages of potash pushed anything to do with potash north.  Media jumping on board feeding the fear only exaserbated those fears while the smart investors started accumulating and the direct result was shareprices of anything related to potash sky rocketing. 

Cheer leaders waving their financing and LSE listing pom poms which created additional excitement and these juniors including GSP hit new highs.

As I mentioned months ago, those global fears were not warranted as despite Sanctions from the west, Russia and Belarus are still producing, selling, and exporting potash and by all accounts it does not sound like those Eastern European mines missed a beat.

Now those who are paying attention to what is going on beyond their geographical bubble realize that the western giants who have ramped up capacity as a direct result of that fear will very likely contribute to global over supply which of course will push potash prices lower.

Those junior hopefuls not producing an ounce of KCl currently will get caught in the crossfire making financing that much more difficult due to that over supply .

So the boogie man in the basement is not pushing the shareprice down as you suggest, the potash markets are based on what is happening around the globe.  Again look at the shareprices of all those juniors that spiked. None of them held those gains.

In mid 2020, Gsp shares were trading in the high single digits, and there has been very little in the way of operational advancement since that time, so dont be surprised if that is where this trades in 2023 without any relevant announcements from the corporation.




<< Previous
Bullboard Posts
Next >>