repurchase, buyout or 81% ownership... the wave is coming! Not an earthquake but a tsunami! A big wave on GENM is coming by July 22, 2021 as Azimut (AZM-V) is doing right now.
Many sold AZM yesterday thinking that the wave is over but it has only just begun.
Azimut's ELMER Project is the biggest gold discovery since the Eleonore mine. AZM will double or triple in value in my opinion with the good results that should come out soon.
And, GENM will follow AZM's lead when Sibanye-Stillwater exercises its buyback right OR its buyout by July 22, 2021. If not, great, GENM will retain 81% of the project.
Pursuant to the terms of a Waiver and Extension Agreement dated April 30, 2021 between the parties, the Management Committee has temporarily deferred consideration of a "Commercial Production Decision", as that term is defined in the JVA, until July 22, 2021 (the "Commercial Production Decision Date"). Accordingly, the parties have agreed that Sibanye-Stillwater will have until the Commercial Production Decision Date to elect to exercise its rights under the JVA and increase its interest in the Marathon Project. During this period, Gen Mining intends to continue exploration drilling and development of the Marathon Project, including advancing the environmental assessment, community relations and detailed engineering.
https://money.tmx.com/en/quote/GENM/news/5354182813233990/Generation_Mining_announces_JV_management_committee_approval_of_Feasibility_Study_and_date_for_Sibanye_ownership_increase_notice_decision
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