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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 stockwatcher248on Oct 31, 2024 1:41pm
55 Views
Post# 36290944

RE:RE:RE:Maybe one of the longs here can clarify something here

RE:RE:RE:Maybe one of the longs here can clarify something here couldn't agree with you more MJB....we're talking almost 500 million shares on a fully dluted basis...no revenue, no work program recently announced, and over $10 million in the ditch with cash / current liabilities....only two options I see are a share consolidation / major financing which would decimate curremt shareholders OR a joint venture of some type which would require spinning off a major portion of the companies equity in the properties...both being losing propisitions to current shareholders....just my bullboard opinion MJB....are their any other options which could protect current shareholders...much appreciated with your comments....

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