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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

Comment by mdjbrownon Nov 30, 2022 5:58pm
100 Views
Post# 35141273

RE:RE:RE:RE:RE:Insiders .....

RE:RE:RE:RE:RE:Insiders .....sw248, the folks at gsp are trying their best to get where they need to go, with what they have but market conditions are certainly not helping. 

One needs to look no further than the financing arrangement Western announced to know things are tough out there for these junior potash miners, and especially those trying to capitalize on novel technology.  There is a reason possible financiers of the Phase 1 Milestone project required proof of concept prior to getting involved.

Gsp has a fantastic business model with their modular approach, but now industry peers are applying that same strategy to their projects, so it is no longer specific to Gsp.

Tough choices ahead for all these novel potash miners with increased interest rates, high natural gas prices, etc,  and of course the other things you mention so lets see where the ball bounces in the New Year...

Even the passage of time has been an unfriendly factor as evidenced by the expiry of the $280 million debt arrangement and the Innovare agreement as all of these were contingent on an Equity Financing that to date has not materialized.
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