Generation Mining Ltd T.GENM

Pd 1550

[Sacks45]

Don't think it will go much lower. As some producers cut production due to lower prices supply will even get tighter. Whenever China wants to hoard a commodity it takes a hit and when they are done hoarding it bounces right back up. We will learn later that China took advantage of low prices and stored pd.

[Lifexprt]

Over the past several days I existed most of my position here to take advantage of precious metals producers as they are on sale. Two reasons, price of palladium is one. Second is cost overruns with Argonaut Gold (mine construction costs 50% higher than planned, nearby in Ontario)I am afraid genm is under budgeting as inflation is massive. Good luck to all, will revisit once palladium picks up.

[Sacks45]

I don't think management are incapable of calculations. In many of their presentations they said that they took inflation into account. I was skeptical of this management team at first because I thought what they were promising is too good to be true but so far they have exceeded my expectations with meeting their timelies.

[Lifexprt]

I dont disagree it's just that you need to review Argonauts story which was perfectly managed until last week. Also PD at 1550 is $200 below feasibility study levels.

[Sacks45]

Good recovery now only 50 under the 1725