Generation Mining Ltd T.GENM

Buying out Sibanye

[Supertweety]

I feel Sibanye wants to sell their remaining share of the Marathon mine and for a fair price. I think the holdup might be GENM doesn't have enough extra cash in the bank that they can spare.  GENM has to keep enough cash to make it through the Permit Process.  That's the most important thing. It's in Sibanye's best interest to make a deal and soon. I live in the US and have been saving this joke: Maybe GENM should sweeten the deal by throwing in some Maple Syrup and Canadian Bacon.

[Lifexprt]

SS is getting taken out with the streaming deal. It will be large enough to complete the following, take out SS, complete permitting and initial engineering and pre-order equipment/large items. Rest of financing will be done next year.

[Lifexprt]

The only thing that bothers me with genm is how leaky it is with material developments. On a side not with a good management connection you can learn a lot.

[Supertweety]

I feel the pre-ordering of equipment and large items needs to be done as soon as possible. I feel the infrastructure bill Biden just got passed in the US is going to make it difficult in the near future to get large mining equipment that is also used in infrastructure improvements.