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Bullboard - Stock Discussion Forum 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... see more

TSX:GENM - Post Discussion

Generation Mining Ltd > I see some saying they should have financing ready
View:
Post by uggg on Jul 21, 2021 2:23pm

I see some saying they should have financing ready

It’s a lot more complicated than a pre approved mortgage on your house. Obviously they’ve talked with lots potential financeirs but nobody is going to go through the work involved before they know the results of the back in.
Comment by oilsyd on Jul 21, 2021 2:30pm
They made it abundantly clear that  a)   They needed a confirmation from Sibanye either way before they entered into any other negotiations with anyone else because you cannot negotiate what you don't own.   b) They are going to form a panel to assess all the options and to fomulate the best financial strategy. I am expecting this to take 2 or 3 months.  Some ...more  
Comment by tarsands on Jul 21, 2021 2:36pm
I agree oilsyd, patience is a tough thing when you see what happened today. I just do not like the way the NR was announced, just like red meat too the hungry lions. Aka THE FREAKIN GREASY PALMED BANKERS.
Comment by oilsyd on Jul 21, 2021 2:44pm
Hi Tarsands, I would expect a halt to trading if the share price was going nuts and they still needed time to get a news release out to the public .    Since they were ready to go, they released without a halt.  I think we all knew that a drop in share price was a serious possibility and I don't think a halt to trading would have made any difference. The gamblers would still be ...more  
Comment by tarsands on Jul 21, 2021 2:50pm
Level 2 Quote Market Depth Orders/Shares Bid Price   Ask Price Shares/Orders Market Depth   1 / 100 ...more  
Comment by JAUBE123 on Jul 21, 2021 3:00pm
Based off that at least it doesn't look like we're going below 90cents again . 
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