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Generation Mining Ltd T.GENM

Alternate Symbol(s):  GENMF

Generation Mining Limited is a Canada-based exploration and development company. The Company's focus is on the development of the Marathon Project, a large undeveloped palladium-copper deposit in Northwestern Ontario. The Marathon Project is 100% owned by Generation PGM Inc. (Generation PGM), a wholly owned subsidiary of the Company. The Marathon Project is located along the Trans-Canada Highway in Northwestern Ontario and covers a land package of approximately 22,000 hectares. The Marathon Project is estimated to produce about 2,122,000 ounces of palladium, 517 million pounds (lbs) of copper, 485,000 ounces of platinum, 158,000 ounces of gold, and 3,156,000 ounces of silver.


TSX:GENM - Post by User

Comment by Rainydayon Apr 19, 2022 7:53pm
127 Views
Post# 34615005

RE:"100k shares in one go..." THERE'S MONEY TO BE MADE HERE.

RE:"100k shares in one go..." THERE'S MONEY TO BE MADE HERE. The public float (total shares minus those owned by key shareholders) is roughly 100 million shares and the average daily trading volume over the past 2 weeks has been about 500,000 shares when one includes all the Canadian exchanges (not just Toronto). That suggests the entire public float turns over in about 40 weeks (40 * 2.5 million shares per week). Of course, there are lots of investors who are simply "buy and hold" types (I'm one of them). And lots of investors who have what they consider a "core" position and a "trading" position - so the "true" public float (shares that get traded) is way less than 100 million shares and it is very actively traded. The 100K pro trader sellers make money and they make it from those people who are actively in and out. They don't make it from the buy and hold types  - but they do indirectly do some longer term damage which affects the company and all of us.
 
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