Generation Mining Ltd T.GENM

What's going on?

[marcrobert]

Thanks for any info. I'm new to genm, know some of their team from good (bluepearl and thomson creek) and not so good outcomes (canada lithium, stonegate).

i reviewed some of the info, a bit complicated. What are the different scenarios and timeframes?  
i understand sibanye could end up with 51% of co 

1. what's the timeframe ?

2. how would it affect shareholders if they take ownership 

3. what would Sprott want?

[YQTlanding]

1. DFS has to be filed. 2. A production decision has to be made public. 3. Sibanye has 90 days from when production decision is made to buy in up to 51%. 4. Sibanye makes an announcement. 5. If they step back , they will still own 20%. 6. Genm mgt will take it to production with minimal share dilution. 7. My only guess for Sprott is that he wants to make out like a bandit and do do we.

[YQTlanding]

As we wait, a winter drill program is under way with a summer drill program to follow which are fully funded.  Genm is looking for more and better grades of what we already have making the mine life longer than 14.

[marcrobert]

thanks for the info and the video link! looks like the video was early 2020. i wonder why it took them a year to post it? So after a production decision (which will be yes i assume given the fs), Sibanye gets 51% of the mine revs/profit by funding 31% of mine capex is that right? So does this mean they will control the JV and any related decisions after that, including selling or stopping if they