Generation Mining Ltd T.GENM

100% ownership

[Sandblaster1980]

doing what they said they will do. Cheers.

[Rainyday]

Yes. When I do quick back of the envelope calculations figuring out what the share price "should" be based on the $.69 price recently - reduced for the additional shares outstanding but increased because GENM will now get 100% of the future profits for all the shareholders I come to a price of $.78 - which is where it is now in the trading. What this doesn't factor in is the huge

[Sacks45]

They owned 20,% of the project now they own 20% of the project through shares. They are in a better position now. 20% of a moving project moving forward is better than 20% of a project stalled/slowed by a jv. They must think when this project is developed this stock will earn them 100 million atleast for their 34 million shares. 3 dollars towards beginning of production isn't far fetched if

[Rainyday]

Good point. I also wonder if Sibanye owning a big block of shares might make a takeover at some point more likely (at a much higher price os course). If some other company were to strike a deal for Sibanye's shares it would seem they would be more capable of doing a deal for majority or full ownership of the company. Any thoughts on this?

[marcrobert]

good for company, they get rid of jv and ss, and ss is now dilutable just like us (as far as i know) whereas the stake wasn'T 

[skiesthelimit]

The road is paved for financing. I wonder if it'll be a relatively quick sign, since it was held back by ss as a partner. Sent it off for signing today? And news this week ? We may be shaping up for a nice rally. 

[TrumpThis]

I agree Rainyday. Kerry, Jamie & TEAM know what they are doing! The path to production is ahead of most companies, so our ROI will be sooner. GLTA

[Rainyday]

Volume is picking up - market seems to be digesting this morning's news and is positive.