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GENSOURCE POTASH CORPORATIONGG

GENSOURCE POTASH CORPORATION

0.070CADD
+0.005+7.69%
At close at May 23, 14:58 GMT
CAD
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GSP trade ideas

GSP - A Hidden gem - FOLLOW UPConsolidation periods closing out and were on a little run since the 50M HELM news. 14.5 million tonnes of proven reserves Tuskeg project to last the next 50 years at a median price of $500/tonne would yield $7.25B this thing is primed so well its going to BLOW at any time. Been accumulating shares of the past year and with recent news released there's lots on the horizon here. Current market cap of 117M and as per the last news release: "The senior debt financing package for the Tugaske Project, being arranged by joint lead arrangers KfW IPEX-Bank and Societe Generale, is expected to be for up to CAD $280 million with the financial model supporting the robust economic viability of the Project. As highlighted in past news releases, all due diligence reports from external consultants for the assessing the technical and commercial merit of the Tugaske Project, its risks and its financial returns required by senior lenders are in final form and supportive of a favourable credit assessment. Gensource will provide further updates soon with respect to the senior debt financing for the Tugaske Project" Conclusion: I have a fairly large position relative to the size of my portfolio and am comfortable adding here as a relatively small cap wont get hit as hard to a proper correction I'm expecting before the end of the year. When the senior debt financing package is complete I expect to break $1 in which I will %20 of my position an the rest is running long! souces: gensourcepotash.ca
TLong
by stsoumpas
2
GSP - A hidden gemFundamentally and Technically sound. I've been watching and buying for some time and done my share of due diligence to find this is going to be the "next big thing" is environmentally ethical mining. EXTREMELY light volume and a tight channel with minimal volatility makes it an easy buy. I expect funding news at some point before the end of the year for the Tugaske project expected to produce a minimum of 250,000 tonnes of muriate of potash (MOP) per year. HELM Fertilizers Corp, a US-based subsidiary of HELM AG, has agreed to purchase 100% of the annual production from the Tugaske Project and market directly to its customers using its own infrastructure. Lets talk about the price of potash now... For the fourth week in a row, potash saw the largest month-to-month gain, increasing to an average price of $501/ton. This marks the first time potash has had an average price above $500/ton since the fourth week of September 2013. Lots of good things in the making here and happy to be along for the ride on a long position!
TLong
by stsoumpas