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Bullboard - Stock Discussion Forum Gensource Potash Corp AGCCF


Primary Symbol: V.GSP

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... see more

TSXV:GSP - Post Discussion

Gensource Potash Corp > Must be really tough sledding trying to raise equity
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Post by mdjbrown on Jul 06, 2023 1:06pm

Must be really tough sledding trying to raise equity

With the other selective mining fish sharing the same finance seeking pond as Gensource, it would be nice to see the updated OPEX / CAPEX plan for Tugaske, and a road map on how they plan to bring it to fruition.

Will improved OPEX / CAPEX assumptions help? Would a consolidation of shares put Gsp in a better position to raise money from larger funds? Is that why Evolution Potash has a much smaller float than Gsp?  Is it easier to promote $2 shares than .11 cent shares?

Strange that there has been very little in the way of operational news from Evolution, Continental, or Gensource when lots of other mining projects are raising millions in equity out there.  Promoting novel horizontal selective potash mining must be a tough sell in the current environment.

Hearing rumours it could be next year before Western is ready to give things a shot production wise, and nothing really coming out of PADCOM, so here we sit in hurry up and wait mode I guess .....

For something promoted for years as the next revolutionary green technology about to completely change the potash sector forever, it sure is having trouble gaining any traction in a time when green technology is the biggest focus on a global scale!

One of these companies needs to step up, and get this done otherwise Saskatchewan will continue to increase their mountain ranges of salt.

If the horizontal selective solution mining tech doesnt pan out, I am positive the first to figure out how to return those mountains of salt back into all the abandoned caverns and mines in the province will be a very, very lucrative venture      :o)
Comment by black364 on Jul 07, 2023 1:39pm
I'm kind of kicking myself for giving you an audience to bounce off of, as you surely will.  In any case I'm not replying.  The reason I'm here today Dan, is that you are in my thoughts prayers and I feel owe it to you to give you a cordial heads up to prepare to eat crow.  Crows are steadily active and I'm guessing that a crow roast is quite lean, maybe a little on ...more  
Comment by mdjbrown on Jul 07, 2023 7:00pm
Now, now black   I feel your frustration as months continue to flip off the calendar with very little in the way of operational updates, but no need to be like that.  Always easy to throw stones when hiding anonymously behind a computer screen and my guess is your best days are far behind you. Non the less, there's a word for those who like to lurk in the shadows, and it rhymes ...more  
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