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Gensource Potash Corp V.GSP

Alternate Symbol(s):  AGCCF

Gensource Potash Corporation is a Canada-based fertilizer development company. The Company is focused on developing resource opportunities with a specific focus on potash development. The Company operates under a business plan that has two key components: vertical integration with the market to ensure that all production capacity built is directed, and pre-sold, to a specific market, eliminating market-side risk; and technical innovation, which allows for a modular and economic potash production facility, which demonstrates environmental leadership within the industry, producing no salt tailings, therefore eliminating decommissioning. Its projects include Tugaske Project, Vanguard Area and Lazlo Area. The Vanguard Area is 100% owned in central Saskatchewan, located 170 kilometers (km) South of Saskatoon, 150 km North-West of Regina on a provincial highway system. The Lazlo Area is located in central Saskatchewan.


TSXV:GSP - Post by User

Comment by Relaxingon Oct 18, 2023 12:20pm
139 Views
Post# 35689212

RE:Stockwatcher's Concerns

RE:Stockwatcher's Concerns

Stockwatcher/ Bobby,
The $3.8 million liability on the balance sheet is owed to Helm  bearing no interest ( our off taker and partner). As per your comment about a rollback, the majority of all shares in Gensource stock are owned by the insiders , their associates and friends so there will be no rollback. Gensource management are straight shooters so there is no reason to prop up the stockprice. Stockwatcher, your negative comments hold no merit other then to keep the share price low for those of us still accumulating shares. No qualms from me. I was an early investor in the Agruim days so I see merit in Gensource and their management to help change the way potash is mined.
Simply put, because  management is tight lipped and there is no recent news , the current share price is what it is because there is more selling pressure then buyers. Any news of major cash injection to drill the cavern will change that.
Cheers!

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