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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 Sacks45 on Mar 09, 2022 3:38pm

Buyout?

Maybe that's the real reason behind the 40 million delay. If someone is close to making an offer they will handle it then. Anything less than 2.5 is a robbery I think.
Comment by YQTlanding on Mar 09, 2022 3:56pm
LOL, you think Jamie and Kerry would settle for 2.5 $ they are shareholders too!  Give your head a shake !! Per Kerry yesterday. This is so robust! Robust in my volcalbury must be very different from yours!
Comment by Sacks45 on Mar 09, 2022 4:03pm
Sorry was sharing my thoughts I know it's cheap but I'd like to have a modest number than say crazy number.
Comment by YQTlanding on Mar 09, 2022 4:06pm
Also Jamie just bought 50K at .97 not too long ago. He would not be buying shares if he was privy to any information. Once permits are granted we will be rocking!  
Comment by Rainyday on Mar 09, 2022 4:26pm
I understand your feelings Sacks but looking back on my investing over the years I think my biggest mistake has usually been selling winners too soon - meaning too cheap. I try not to make that mistake now - but the key word there was "try". It's easy to do. Obviously the price we get will be in the context of markets at that time but $2.50 is way too low for this stock. I've ...more  
Comment by Ivorygull on Mar 09, 2022 4:50pm
Sacks, I know some will want to have a lower estimate, to be more conservative and not have the blue sky numbers.....I did that with GBR, I was sure it would be $100+ per share and all we got was $29 (I still think it was worth that), and I'm sure some people were saying see I told you, but there is also being too low and not giving it enough merit. Jamie and Kerry own a lot of shares, buying ...more  
Comment by Rainyday on Mar 09, 2022 6:45pm
Specific posted a very interesting paper on Monday showing that gains during the pre-production stage for a mining company can be extremely good and more predictable than for companies looking for a discovery. Once we have the permits and are "on the way" as you expressed it a $6.50 price as a minimum could easily materialize. 
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