Generation Mining Ltd T.GENM

Let's Pretend...

[danale]

that GENM is unable to secure the necessary financing.  Anyone wants to venture as to what will happen?  Will they sell?  If yes, what would be a realistic sale share price?  There are a number of large miners who could develop the project from their cash flow.  It seems to me that Jamie and Kerry will get their money back with interest regardless of whether the finincing is secured or s the company is sold.
If you belive this is the case, now is the time to load up.  The only reason you would stay away is if you believe that no one would be interested in buying the company.  However, I have hard time believing that there would not be any interest in buying a fully approved project for at least $1.  A 2.5 times is still a reasonable return.  Seems to be a no lose situation.  So any reason not loading up at .35?  Thoughts?

[Ivorygull]

I can't see that a large miner wouldn't want to pay at least $1 per share either, so yes it makes a lot of sense to buy right now at the present price. I don't see though that Jamie and Kerry would even consider selling at such a low price as $1 considering they were buying in that range. Our value is at least in the $3.50 range and I would think, that if selling was the choice, they

[danale]

So what you are saying is that regardless of wthether they decide to develop or sell, you should not lose by buying at .35c. That was essentially my thought process, before I loaded up at .35c this week. I also hope expect that we will have our answers by the end of the year. GLTA

[Ivorygull]

That is correct, but of course that is my opinion. By October 20th or Nov 07th at the latest, depending on if 45 days is actual days or work days, we should have an answer to the closure plan approval. My guess is it will be shortly after that when the tree cutting permit gets approved and hopefully when we hear about the final financing.

[Specific]

I'm pretty sure that government timelines are total days