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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

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Post by stockwatcher248 on Nov 05, 2021 6:32pm

GSP

a 10% drop in the stock combined with a record day on the Dow tells me one thing...there were flippers trying to make some coin on the foreign exchange listing...no sympathy for them...hopefully we get a bit of a rebound next week
Comment by Relaxing on Nov 06, 2021 11:32pm
Stockwatcher, You say "hopefully we get a bit of a rebound next week". I say why a higher stock price? Does a higher stock price give you confirmation that the stock is worth more money? When I hear that the plant once built will have an EBITA of $115,000,000 per plant, I get interested. Two or three plants, well I get really interested! Why not keep the stock at a price where those of ...more  
Comment by black364 on Nov 07, 2021 8:54am
Good morning Relaxing.  I suggest you call Mike and ask him and all involved (including Helm of course)  to cease all project activities.  This should stop the share price from  advancing or better yet tank until you have completed filling your position.  
Comment by 7Twiggy on Nov 07, 2021 9:51am
black, you are in a nasty mood. Maybe a few prayers would help. It is sunday. 
Comment by mdjbrown on Nov 07, 2021 10:37am
Relaxing, GSP has had a fantastic run the past month pushing its market capitalization close to $200 million. In comparison, that is absolutely phenomenal when comparing to another Saskatchewan construction ready potash project whos m/c reached $120 million after announcing a billion dollar financing package in 2016. That companies M/C is now unfortunately $5 millionish give or take as that ...more  
Comment by black364 on Nov 07, 2021 1:43pm
Relaxing, the Trojan isn't directly addressing you, he's merrily using you to continue his over and over nauseating message to the choir.  As for Western, I asked and received an answer.  Gensource studied Western's down hole procedure and found it to be only mildly workable.  All the Kings horses and all the Kings men have closely scrutinized Gensource's method and ...more  
Comment by mdjbrown on Nov 07, 2021 4:30pm
Lol Black, actually I was addressing Relaxing directly, as unfortunately some of you still seem to think a magic wand will be waved and science will ompletely change just because you want it to. A potash company that relies solely on a particular enviromentally friendly technology that has never been proven economically viable in Saskatchewan, obviously has risk attached. I have been asking the ...more  
Comment by 7Twiggy on Nov 07, 2021 5:15pm
This is the type of post I usually see on other sites from indivuals that actually don't hold the stock or have sold and are trying to buy it back at another level.
Comment by mdjbrown on Nov 07, 2021 8:20pm
7T, been in and out of GSP for the last 6 years hoping an announcement would eventually come reporting the start of and initial results from their horizontal selective process. If and when that day comes, I will mortgage the house, as I believe it will be absolutely huge. Until then, heres a challenge made here years ago to anyone on this board that cares to answer. Name one viable / economic ...more  
Comment by stockwatcher248 on Nov 07, 2021 11:36am
Relaxing you fail to realize that the higher the share the higher the equity issue will be, thus less dilution...not sure of the new rules but equity issues could be priced 15% discount to the share price, so yes I would like to see a rebound in the share price from the sharp drop at fridays close...
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