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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

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Post by IgnacioCashmere on Nov 15, 2021 2:45pm

Renmark

They can't encumber the property without Sibanye's approval. That is the Sibanye's control on deal approval. So they can make a streaming deal without Sibanye approval. They just can't make a long term debt deal that uses the resource as collateral. That is clarification for me. So they are free to negotiate the first deal for equipment & early construction without pondering is Sibanye going to approve this.
Comment by Lifexprt on Nov 15, 2021 3:29pm
Ok good news. Now it's just w waiting game.
Comment by Specific on Nov 17, 2021 10:37am
couple other points..... in thunder bay drew said that cu concentrate would be shipped by rail "probably" to glencore kerry stated that "the" smelter could be a part of mine financing in addition to the streaming component..........hmmm $ to buyout ss ? he did say that intense discussions were ongoing with the financing, hopefully to conclude by yr end, and that it would be ...more  
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