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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 BigJakeon Aug 17, 2024 8:49am
158 Views
Post# 36184018

RE:RE:RE:RE:RE:Coming full circle

RE:RE:RE:RE:RE:Coming full circle
stockwatcher248 wrote: ok I'm stimped !!!...how can a stock with almost 500 Million shares outstanding with no revenue, no working capital,, no work program.... and conitiuing to pay rent and excessive salaries keep the doors open???...someone enlightement me....ahhh !!!!.its the rent and salaries ..!!!!!

Stockwatcher248 - The vast majority of people that own shares and follow GSP on this board are aware of how many shares are currently out and the fact that their is currently no revenue. The company is trying to secure financing to move to the next step. I think everyone would agree it has taken far too long to secure that financing. These types of startups are extremely risky. Absolutely no guarantee that we will recoup our existing investment let alone make any profits. However, they are still working to secure financing and move forward, so as shareholders we have two choices, sell and move on or hold and wait for news. You can continue posting your sharecount and revenue concerns which should be a concern to everyone here, every couple of weeks or so.
These are your opinions and concerns and your entitled to voice them
Personally I don't think it serves much if nothing has changed. For those that are patiently waiting for good news from GSP good luck and I hope it comes soon 


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