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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 bobbythebakeron Dec 18, 2022 11:34pm
511 Views
Post# 35178928

On Volume Confirming Price Action

On Volume Confirming Price Action
It's generally accepted that higher volume signals that more buyers and sellers are in agreement that a price level (or price move) is valid.
 
The decline of the past 4 months has happened with crazy low volume, just over 1mm shares a month (about 25% of the historical average.)
 
So conventional wisdom would say the move lacks conviction.  Of course, it could be argued otherwise.  But if the old saw is true, this low volume down move is false.
 
If there is sizable buying in the Private Placement and/or an equity offering to help fund Tugaske, it could speak a hundred times louder than the volume of the past 4 months.  And in fact, it may be those very same potential buyers who are currently leaving Gensource in the cold with a mandated quiet period, waiting to lock in a sweet deal here.
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