RE:RE:Generation Poised to Double or Triple later this year Good points JakeB,
1) Sibanye doing nothing is exactly what I want them to do because long term holders will reap the benefits of having most of the mine to themselves. This management has a history of bringing mines into operation and have built up some well known companies from the ground up.
2) You claim that financing and permits are boing and therefore won't be catalysts. I disagree. You summed it nicely yourself. A company only worth 150 million getting the financing and permits for a 600 million dollar mine will absolutely light a fire under this stock.
3) The stock will not be stuck under $1 if Sibanye does not do anything. The stock will be stuck under $1 if the management at Generation mining do nothing. But, they have built mines before and they have been moving things along at breakneck speed with this mine. There is no chance of that happening..
4) Financing: management has already stated how they are going to finance the mine and they already have interested parties. I am sure there will be some dilution, but that will not matter with rate of return on this mine.
5) People do not have that kind of patience? For a good mine with they type of return, there will be many people that have patience. An investment opportunity like this is actually quite hard to find these days.
6) Finances are based on much lower commodity prices that current spot price. Current economic factors favour an increase in commodity prices so I think this risk is too small to worry about. Live your life worrying about the probable and not the possible, otherwise, you will never ever cross a road.