Gensource Potash Corp V.GSP

Fascinating

[mdjbrown]

It never ceases to amaze me how larger publicly traded junior potash companies looking at novel methods of extraction use excuses like covid, the Russian invasion, etc, etc, etc to rationalize the lack of progress on their projects, when little bitty non publicly traded companies with miniscule payrolls and very limited treasuries are forging ahead to prove that the novel idea of an enviromentally friendly method of potash production is possible.

Why is that do you think?


PADCOM is forging ahead despite the covid, Russian invasion, difficult capital market excuses to be the first ever to complete an economically viable horizontal selective solution mine, and they are doing it on a shoestring budget!

If that talented group of scientists and geologists cant pull it off, then good luck to everyone else in the same space as these guys have been trying to perfect it through computer analysis, bench testing for a decade, and are just now in the ground trying to prove their model as viable.


There is a very good reason that even though Western timed their mine construction date perfectly, they have yet to capitalize on these sky high prices of potash when after 2 years their evaporation ponds should be full of Kcl just sitting there waiting to be harvested.


Again, why is that?

[7Twiggy]

mdj, Can you boil this down to one paragraph and say exactly what you mean without going around in circles.

[mdjbrown]

7T, These guys are experts at what they do, and are paid handsomely each year for that expertise.

[stockwatcher248]

be interesting to see a follow through in the share price after Fridays action...reading their release I sure don't get good vibes on their comment...""However, turmoil in the global financial markets, exacerbated by Russia’s invasion of Ukraine, have caused delays in completing the equity financing:...this has been my fear the past 6 months waiting for some type of news, positive or

[bobbythebaker]

Hey Stockwatcher - It's funny you mention you're looking for a follow through day tomorrow after Friday's action.  I was actually thinking Friday *was* a terrific follow through day to the previous Thursday action that decisively broke through the 6 month old downtrend on strong volume.

[stockwatcher248]

I must admit BTB 3 monster volume days in a row all with upticks.....either traders are betting on some great news or parties out there know more than we do....hopefully the latter.....

[7Twiggy]

1,272,000, 1,650,000, 1,631,000 volume traded in the last few days. Hardly monster volume days when you consider the amount of stock outstanding.  Here's hoping there is no more dilution and the money comes from another source.  Sounds like you are back in sw. I am still at the "show me the money" stage, which I hope we will see on Wednesday.

[stockwatcher248]

these comments from the most recent quarterly report will disappoint a lot, including myself... The Company has continued to be laser focused on reaching a conclusion to the equity financing for the Tugaske Project (“Tugaske” or the “Project”). Gensource was active in the public markets through to early May 2022; however, the process was deferred to the fall due to the general collapse of the

[bobbythebaker]

I don't know, Stockwatcher.  The MDA and Financials came out before the market open today and were followed by a continuation of the price spike on the highest volume day of 2022.  Someone seems to be thinking things are going to work out just fine.  Let's see what we learn on the Shareholder Update Call after the market closes tomorrow.

[stockwatcher248]

big volume days and 6 uptick days in a row is telling us that there has to be some exciting news coming...

[MakinBank]

Haven't seen this volume in a looong time. Has to be something big, or people are jumping on the SK potash train due to the feds touting our potash when the world needs it. Maybe feds are financing? Maybe others jumped in from the article?