RE:Big volume todayneedless to say, 2023 has been horrendous for genm share price.
down a whopping 77%, similar to alot of juniors, however, not many as advanced as genm
the pd price has certainly been a factor - is russia dumping theirs out the back door...
i think so - with mines shut down or with scaled back production, with increasing hybrid sales, and the US house republicans strongly pushing biden to ease ev mandates, pd has no where to go but up
and there is no doubt that tax loss selling has had a major impact on the sp as well
now on the other hand, genm has made significant progress this year with advancing this project - by q1 all permits should be in place
what remains is financing - how confident are the lenders that pd will rebound and what will be the burden on genm....stay tuned
copper is the icing on the cake - several reports indicate that supply will struggle to keep up with future demand - i speculate genm will be exploring for more copper sooner than later at Four Dams and Geordie
i am optimistic for 2024, especially because of the optimism shown by participants in the recent $15m financing