Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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 Sacks48on Jun 08, 2023 5:46pm
210 Views
Post# 35487378

Anyone thinking that

Anyone thinking thatManagement will sell a pp at these prices has not paid attention to how smart and resourceful thay are. I think genm is up to 70-75% of money needed. If they start building without a pp they can get more money from their lenders as they progress and let's not forget our 20% partner who might step in with a loan. 2.5 year Payback is not worth diluting the crp out of Generation.  Yes it will be a risk ( that I don't think is high) but the alternative of selling 1/2 a billion shares at .4 will completely and surely destroy the merits of this project. So I say you as an investor ( whoever you are) either sell take ur losses and go to a company that you believe gives u more value or stop whining, br patient and watch this unfold. It won't be long before we see which way this goes. In my opinion it will be favorable.


<< Previous
Bullboard Posts
Next >>