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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 mdjbrownon May 31, 2024 8:11pm
101 Views
Post# 36067168

RE:RE:RE:1Q24 MDA/Financials/Press Release Out

RE:RE:RE:1Q24 MDA/Financials/Press Release Outsw248, you are 100% correct and the number of outstanding shares has to be a concern internally, but these folks are in a tight spot.

A consolidation of any significance (20 or 10 to 1) will likely alienate shareholders, but a large consolidation once completed will also attract shorters in droves looking to capitalize on a percieved problem with production methodology resulting in a drop in shareprice.

The ying and yang of it all will be that an equity provider willing to invest the capital to build a facility, is also aware of the Western Potash issues, so what insurance percentage is baked in as an incentive for much higher risk.

Interesting conundrum that could be remedied fairly inexpensively in the grand scheme.  Build a proof of concept pilot project that confirms their cavern processing actually works and the road is paved to glory for the investor, the company, and its shareholders.

Easy!


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