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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 Dec 20, 2022 9:56am
155 Views
Post# 35181895

RE:RE:RE:Share Consolidations

RE:RE:RE:Share Consolidationssw248, it is unlikely anything posted on Stockhouse has much influence on a shareprice with the exception of maybe a few retail investors. If anything tax loss selling perhaps has mildly crept in, but the shareprice has held up really well on low volume this past month.

Simply put, those who believe in this exciting story are holding, and those who dont, are likely watching from the sidelines until further mine progression takes place.

When junior mining companies rely heavily on financing year after year with no revenue stream, eventually the share count gets to a point where it becomes a burden for future large investment.

Gensource has not had any splits since it changed names from Gensource Capital in July 2013, so 9 1/2 years of surviving on various financing vehicles is very impressive, but now there is 420 million shares outstanding.  This can obviousy affect future financings as deep pockets are very aware of all the possibilities.

To put it in context, the worlds largest potash producer Nutrien has 520 million shares outstanding, so conversations are likely taking place around the boardroom table about the corporations options.

The good news is the boardroom is filled with very experienced potash folks who hold a lot of shares, so it will be interesting to see what solutions they are able to come up with in 2023.

In my experience consolidations directly followed with good news tend to hold up really well. Splits that dont follow with good news usually dont fare as well.

Recent case in point -   HEXO announced consolidation on Dec 14th, and since that announcement the share price has not held up to the post consolidation shares price.



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