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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

Post by Supertweetyon Aug 19, 2022 10:42am
122 Views
Post# 34907292

Prediction: when Financing is announced No Share Dilution

Prediction: when Financing is announced No Share DilutionYou heard it here first. When financing is announced, there will be no need for share dilution. Several months ago Kerry stated that the banks will want GENM to have some "skin" in the game. That meant they would have to sell some stock and there would be share dilution. I figured the banks would want GENM to sell about 20 million worth of stock to qualify for a loan. That was two months ago. With the purchase of the Ball Mill that changes everything. Managements Ball Mill deal witll save the company a  minimum of $40 million compared to buying a brand new one. The ball mill is now GENMs "Skin" in the game. The management of this company is Brilliant. Saving money left and right ( buying a surplus ball mill and leasing a slightly used construction camp.) and side steping and share dilution. 
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