Promising outlook and very low risk here in relations to market corrections that may be in the foreseeable future. Kind of a hidden gem! Happy to take a position here
D
Go GSP Go!!
R
Saw this on a chat site. Nobody panic here. We have known for a long, long time that GSP was going to need to pony up some meaningful equity for this project. Even if they had to come up with the full amount today (I suspect they might not have to - - and will be able to provide it in tranches over the next 2 years), that would mean around 250mm shares issued at 20 cents CAD / 15 cents USD. That would leave us with a share count of around 630mm shares for a CAD$200mm ownership stake of the CAD$400mm Tugaske project, aka 32 cents per share. And that would be replacement value, which I project to be a fairly low mutiple of after tax earnings (maybe 10x) once this mine is up and producing, not to mention any expansion / other partner potential, both of which I believe are in GSP's future. In other words, even with full dilution today, a Tugaske Module 1 alone valued at 20x earnings could put the company CAD$0.60/share.
As for who will come up with the equity money, GSP has stated there are numerous institutions interested in equity stakes in GSP. I don't believe one of them is HELM. And I doubt there will be an offering to the general public.
I suppose the tepid response today is not due to the SPV, which I think is a terrific structure for GSP to get started with on their first module. Instead, we may be lagging a bit today as it appears we may have to wait a bit longer for German government approval "at one of its next regular meetings" and for "full construction in 2021." Looks to me like we may be pushing project kickoff from late 2020 to early 2021.
For those who have been here for many years, these sorts of delays have been part and parcel of getting us closer to the finish line. A more honest name for the company might be Gensource Patience Corporation. But so far, that patience has been well rewarded....and I believe there may be substantially greater rewards still ahead.
R
We just need some good news to maintain positive sp momentum.
V
Hi is anyone follow this now
L
I have a good feeling about this stock
R
December drill results for Vanguard should be reported very soon - I am hoping a financing update and Offtaker will be revealed soon.
L
when are we going to see some positive results?
R
New 52 week high is just around the corner.
L
hopefully good news coming this way
D
Gensource has innovative proven technology and has a large strategic land position containing a huge resource of potash which is economic to develop even at current potash prices of $225 per tonne. Its projects, although initially small by normal shaft mining standards, are readily scaleable to meet demand growth. As a result, I expect a short time from start of construction to initial production. Pre-construction time and expense is expected to be minimal and the company has sufficient funds on hand to complete its detailed feasibility study on its Vanguard project. A key positive factor in getting environmental approvals is the fact that the technology leaves minimal surface tailings and uses minimal amounts of surface or fresh subsurface water in its process. All brackish water obtained from deep source wells
R
With Offtaker known - I suspect drill results should be revealed any day. Details of financing plan (and hopefully) decision to construction should finally give this project the attention it needs and bump up sp.
P
When is this stock going to start moving upward. Does the planting season affect the price during the year similar to Miracle Grow?
j
anything going on
L
how much this stock can reach in two years time ? any estimate ?
L
Why the CEO sold some of his shares in the company ???? anyone knows ??
Nobody panic here. We have known for a long, long time that GSP was going to need to pony up some meaningful equity for this project. Even if they had to come up with the full amount today (I suspect they might not have to - - and will be able to provide it in tranches over the next 2 years), that would mean around 250mm shares issued at 20 cents CAD / 15 cents USD. That would leave us with a share count of around 630mm shares for a CAD$200mm ownership stake of the CAD$400mm Tugaske project, aka 32 cents per share. And that would be replacement value, which I project to be a fairly low mutiple of after tax earnings (maybe 10x) once this mine is up and producing, not to mention any expansion / other partner potential, both of which I believe are in GSP's future. In other words, even with full dilution today, a Tugaske Module 1 alone valued at 20x earnings could put the company CAD$0.60/share.
As for who will come up with the equity money, GSP has stated there are numerous institutions interested in equity stakes in GSP. I don't believe one of them is HELM. And I doubt there will be an offering to the general public.
I suppose the tepid response today is not due to the SPV, which I think is a terrific structure for GSP to get started with on their first module. Instead, we may be lagging a bit today as it appears we may have to wait a bit longer for German government approval "at one of its next regular meetings" and for "full construction in 2021." Looks to me like we may be pushing project kickoff from late 2020 to early 2021.
For those who have been here for many years, these sorts of delays have been part and parcel of getting us closer to the finish line. A more honest name for the company might be Gensource Patience Corporation. But so far, that patience has been well rewarded....and I believe there may be substantially greater rewards still ahead.
is anyone follow this now
Its projects, although initially small by normal shaft mining standards, are readily scaleable to meet demand growth. As a result, I expect a short time from start of construction to initial production.
Pre-construction time and expense is expected to be minimal and the company has sufficient funds on hand to complete its detailed feasibility study on its Vanguard project.
A key positive factor in getting environmental approvals is the fact that the technology leaves minimal surface tailings and uses minimal amounts of surface or fresh subsurface water in its process. All brackish water obtained from deep source wells