Generation Mining Ltd T.GENM

We Need Drill Results For A Boost

[bargnhillbilly]

I wouldn't care if it was on one hole at this point. I think the drilling will reveal a expansion of our known minerals. Kerry seems to talk about what could be deeper on the property. A 15 year mine could turn into a 30 year mine if the high grade is deeper.  Just my 2 cents..

[Ebankbank]

They will come, what I don't understand is why anyone would be selling at this point. Very low volume so there are probably a small number of traders I mean small trying to make a few pennies when they can be making a few dollars if the hold tight. 

[oilsyd]

What you need Bargn....   is patience. It is very unlikely that the market will go all crazy on single drill result unless it was out of the ball park.  There are several things coming up in the next 9 months that are going to peak the interest of other investors A sibanye decision A production decision. A financing plan Permitting Shareholder dilution (negative but needs to be

[bargnhillbilly]

Oilsyd, This is just one of those times we all wish we could buy more. . My patience is intact. I just feel bad for those that bought at a much higher price.  On this low volume manipulation is easy. Management has bought way higher than I. With this low volume, It's like watching a train wreck. It's not that you like to watch it but you just can't help yourself. The GENM team

[oilsyd]

I think a blackout period might be in effect as you are suggesting.  It does not suggest necessarily that a deal is being done and we will have to wait.  It could just be that information that is material is about to be released.    Kerry has suggested for weeks now that they would have a Sibanye decision ahead of the production decision. These are exciting times.  Every

[Lifexprt]

You aren't the only one. It would explain the lack of insider buying recently. Although recent publicity stunt has me thinking financing is on its way.

[Specific]

I believe (and many others here) that a production decision has already been made. If SS is all in then plan #1 to production If SS retains 20% then plan #2 to production If SS wants out totally, then plan #3 to production If SS wants the whole enchilada, then it's up to them as to how much they will pay Imo, any scenario will value genm well above a buck a share this is not genm

[oilsyd]

As I have stated before,  I think a production decision has been made, but it has not been officially announced.  I did not get a clear answer from Jamie on this but he did emphasise that there would be no delays with timing.  I assume that Sibanye did not want GENM to announce a commercial decision on production until ownership of the mine was sorted out.  For newer investors,

[electriqueman]

And from what I've seen from interviews with Kerry Knoll (CEO), his desired scenario seems to be the following: -he wants Sibanye out of the project so he can fund the project himself. AND, Mr. Knoll seems to be ready for the financing already.  He is just waiting for Sibanye's decision to go ahead according to me.   Anyway, this is the most advantageous option for us

[Y93H1979]

After SBSW decision is public, the next announcement is likely to be the hiring of a firm to put together a financing package. Kerry stated they would go this route in the last Crux interview.  It will be very interesting to see how the financing package is put together, and obviously this depends on what SBSW will do. But Kerry was very confident it would come together and that there was a