GSP - A Hidden gem - FOLLOW UP
Diupdate
Consolidation 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/wp-content/uploads/2021/09/GSP-NR-SPV-Update-02Sep2021.pdf
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/wp-content/uploads/2021/09/GSP-NR-SPV-Update-02Sep2021.pdf
Catatan
THEY ONLY VALUE PLAY goes on.....Catatan
See you all at $1 with london listing to come!
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