RE:RE:Another Motley Fool UK Article on GSP I would put this in the category of minor disappointment. With stock markets down and interest rates up this past year, capital has been hard to come by. I've seen this same dynamic in some of my other holdings. The flow through shares are being directed at GSP's second module, so it should not have any direct impact on the first one. The financing of Tugaske is ultimately what matters here. If and when that happens, GSP's long-standing capital contstraints will be largely lifted, as it transforms into an asset-backed company.
Do I wish investors were knocking down the door to pick up GSP shares today? Absolutely. But I have seen some pretty great companies (especially the illiquid small caps) get sold mercilessly into the end of 2022, and I don't believe that price action / financings are telling the whole story.