Generation Mining Ltd T.GENM

LIVE 6ix Zoom available to watch?

[TrumpThis]

Just watched the GENM 6ix Zoom presentation with Jaime, Kerry, Drew & Ann Dec 14/23.

If a achieved recording is available, any interested investor should watch.

Merry Christmas

[yammerfromafar9]

And what wa your opinion on the presentation.  Not much on expectations of stock prices.

[KIMAUI]

It was as pleasant and eventful as eating a rice cake. It felt like it was a "lets get this over with" No substance, no excitement, no answers. They need money and cant get it basically. Also thought Jamie said "we did have the jv with glencore" in a past tense, like its not there anymore?  I get they are willing to spend money drilling to increase copper, to get financing

[Ivorygull]

Kimaui, I do agree that it was as you say LOL He did not say 'glencore' though, he said Sibanye, and was referring to the time when they were a part of us. I didn't hear them say they were exploring for more copper in order to get financing; yes they want to look at getting more, but the plan that's in place right now is not financially dependant on them finding more. They have

[KIMAUI]

Cheers, Appreciate the clarification on the JV.  The drilling program focuses on copper and that seems to have a more positive and less volatile outlook. Hence,  If they can increase the copper resource, funding would be less risky. Drew spoke mainly on the other reserves which , although exciting potential, sounded like a a shift in focus. Sounded to me as if they are loading a plan

[Ivorygull]

All good points for sure and I imagine that is why they are mostly going looking at the two areas closest to the main area, which can be fed into the original mine plan, with a small recon of Sally and the other one that is further away for future expansion. You are correct in that it can only help with financing especially if they found something near real soon. But I think the price of both

[Specific]

for those who missed yesterdays presentation..... https://genmining.com/investors/events/

[My19sixyNineZ]

If fully funded mid 2024, 24 month build.  3 - 3 1/2 yrs to full production from today.

[bargnhillbilly]

69Z, That's  why Wheaton or a Big company just needs to buy GENM. I can only imagine all the obstacles to overcome in that 3 plus years! Are all the creditors going to wait 3 plus years? I was surprised Wheaton has stayed with us and our management should have told us how Wheaton felt on timelines going forward. It just seems shareholders are always the last to know! When I originally

[bargnhillbilly]

3 years? How many share placements is that? If they drill at all you need money. What's  the cash burn rate with no money coming in?

[Specific]

bargn......pretty sure they said in the webinar that $3 million flow through from the recent raise is allocated to copper exploration