RE:RE:RE:RE:Historical charts provide important cluesblack, we went over your anon man on the grassy knole conspiracy theory at nauseum last year. Swapping shares back and forth can be very lucrative for these houses and happens every single trading session on hundreds of stocks.
Bottom line is despite their best efforts Gsp has struggled to produce any operational results this past year, they have very little cash remaining, a massive float, and increasing liabilities with a shareprice reflective of that which does not translate holding the hammer at the negotiation table.
Capital is extremely difficult to obtain in these markets, especially for any business reling on an assumption as best case, and why other comparable novel potash companies are resorting to whatever they can do to make themselves more attractive.
Encanto just announced a 5-1 consolidation, and they currently have less than 100 million shares outstanding before the split.
Add to that BHP is now advertising their low cost mine at a time when increased supply will reduce an already fickle global demand and along with it the price of potash.
There is very little info trickling out of the much hyped PADCOM horizontal selective solution mine which generally suggests one thing.
Alll eyes are now on Western with their production commencing any day, so you better hope for huge success as if not, more doubt will be placed on this novel mining technology by deep pocket investors making raising cash that much more difficult for those still hyping an unproven tech.
The fact that Gensources market cap is anywhere close to Western's is already mind boggling considering Western has an operating mine costing well over $100 milion dollars, and Gensource has not broken ground.