RE:Crux Investor Interviews Kerry @ Generation Mining bargnhillbilly wrote: YouTube May 27th. 2 days ago. HIGHLIGHTS.1. It mentions Sibanye and how it affects financing till that deals done .2.GENM would like financing for 20 to 30 million pretty soon. Not for drilling but to purchase mining supplies to hit the ground running after the permits are in place as Kerry mentioned. 3.Pay back on the mine could be as short as 14 months. 4.Copper at todays prices could pay for mining all the other metals. Sounded like Kerry had a line of sources willing to finance the mine. But again the Sibanye deal is standing in the way. I figure a placement is coming but before or after the Sibanye decision? This is all my opinion from what I heard on the video and not intended as investment advice. GLTA My favorite video so far!
I would guess the financing for the lead time mine equipment would be done after Sibanye-Stillwater makes their decision. If SBSW buy back in to 51% then I would assume that the stock price would appreciate in value and would be less dilutive to shareholders. If they don't buy back in then genm would have a clearer picture of what they need to do and how to approach the financing , plus with SBSW out of the picture other interested parties would step in. JMO.