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Bullboard - Stock Discussion Forum 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... see more

TSXV:GSP - Post Discussion

Gensource Potash Corp > .50 Canadian bought deal would be nice
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Post by 7Twiggy on Oct 28, 2021 11:35am

.50 Canadian bought deal would be nice

As of October 15 the short position is 18,218 and has been dropping for the last four weeks. 
Should be a new report next week.  With the news coming I am having a hard time understanding
who is selling.  Could be accredited investors hedging or someone trying to lower the price so they can get back in. With a LSE listing and what we suspect is a new bought deal I wonder if the new
bought deal price is already cast. I am hoping that it will be at a premium to where we sit now.  A premium of 20% would put this stock at around .50 Canadian which would seem like a reasonable start. To may this happen the stock would have to trade in a narrow range above .40. I am sure most money managers could make this a reality. 
,
Comment by WalStreetPotash on Oct 28, 2021 1:09pm
I can understand some people selling a very small portion of their Gensource shares. I started buying in 2016 at prices between 0.045 and 0.06 and my overall average cost per share is 0.11ish. Taking some massive gains off of the table after 5 years is a fantastic idea especially if you think the markets are headed for a massive crash and/or you find another fantastic time sensitive investment you ...more  
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