A definitive, binding off-take agreement was appetizing news for shareholders of a potash junior Friday. Here’s some small stocks making big moves on Friday, May 18, 2018 (as of 4 pm EST):
Gensource Potash Corporation (TSXV:GSP) shares gained 4% to $0.125 on Friday after the potash junior announced that it has entered into a definitive, binding off-take agreement with a senior North American agriculture industry leader, which includes the purchase of 100% of the production from one “module” of its 250,000 tonne/year capacity.
As well, shares of Select Sands Corp. (TSXV:SNS) slipped 13% to $0.405 as the silica sands producer said its first-quarter revenue surged more than 400% to US$5.7 million, while swinging to a quarterly profit of $0.6 million from a net loss of $2.3 million during the same period last year.
Honey Badger Exploration Inc. (TSXV:TUF), meanwhile, reported the closing of the first tranche of its non-brokered private placement, previously announced on May 14, 2018, for gross proceeds of $1,617,800, $1.15 million of which was bought by funds managed by Goodman & Company Investment Counsel Inc., a subsidiary of Dundee Corporation. Honey Badger stock moved up 24% to $0.13 following the announcement.
Disclosure: The author and some of his family members own shares in Gensource Potash.
To read our full disclosure, please click on the button below:
The Content contained on this page (including any facts, views, opinions, recommendations, description of, or references to, products or securities) made available by SmallCapPower/Ubika Research is for information purposes only and is not tailored to the needs or circumstances of any particular person. Any mention of a particular security is merely a general discussion of the merits and risks associated there with and is not to be used or construed as an offer to sell, a solicitation of an offer to buy, or an endorsement, recommendation, or sponsorship of any entity or security by SmallCapPower/Ubika Research. The Reader should apply his/her own judgment in making any use of any Content, including, without limitation, the use of any information contained therein as the basis for any conclusions. The Reader bears responsibility for his/her own investment research and decisions. Before making any investment decision, it is strongly recommended that you seek outside advice from a qualified investment advisor. SmallCapPower/Ubika Research does not provide or guarantee any financial, legal, tax, or accounting advice or advice regarding the suitability, profitability, or potential value of any particular investment, security, or information source. Ubika and/or its affiliates and/or their respective officers, directors or employees may from time to time acquire, hold or sell securities and/or commodities and/or commodity futures contracts in certain underlying companies mentioned in this site and which may also be clients of Ubika’s affiliates. In such instances, Ubika and/or its affiliates and/or their respective officers, directors or employees will use all reasonable efforts to avoid engaging in activities that would lead to conflicts of interest and Ubika and/or its affiliates will use all reasonable efforts to comply with conflicts of interest disclosures and regulations to minimize the conflict.
Gensource Potash Corporation (TSXV:GSP) shares gained 4% to $0.125 on Friday after the potash junior announced that it has entered into a definitive, binding off-take agreement with a senior North American agriculture industry leader, which includes the purchase of 100% of the production from one “module” of its 250,000 tonne/year capacity.
