Generation Mining Ltd T.GENM

Less than a month until decision

[Rainyday]

The report could possibly come out earlier than the deadline.
I certainly wouldn't want to be short this stock with that possibility in place.
Also a big short position could be difficult to cover in this market with low trading volumes.

[AGTCTTWW]

I agree, but somehow the short position were actually up a bit on June 15.  I will post in a sec.

[JAUBE123]

I'm worried we aren't going to get the jump we deserve. It's going to suck if we get approved and still struggle to break 1.10

[timeoutofmind]

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[AGTCTTWW]

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[Ebankbank]

This post has been removed in accordance with Community Policy

[Rainyday]

Thank you for your thoughts. Like you I won't be surprised if this current market doesn't give this stock "the jump we deserve". I don't know what the price will settle at after 2 or 3 days of post-announcement trading and there will probably be lots of people grabbing profits during that time while new investors come on board. However, GENM is going to be a valuable mine

[AGTCTTWW]

Good call, Rainyday.  How often do junior miners make it to the point of paying dividends? Do you have any examples of this happening recently? There is definitely the potential that GENM will do so at some point and hopefully with a limited numbers of new shares added before that happens. I do expect some new shares will be part of the financing deal.  The financiers will want some

[Supertweety]

If GENM has to sell shares to make the bank happy, there shouldn't be too much dilution as long as they don't have to sell the shares until after they have their permits in hand. Next Spring when they have their permits and start building, this stock will be $2 or more a share.  The bank isn't going to let GENM draw on the loan funds until the permits are issued. So GENM shouldn

[dsdsemma]

Personally (and I don't think I'm alone) I would much rather see additional streaming in lieu of an equity portion of financing.  This skin in the game thing is a boondoggle I think, what matters to senior debt is that they're first in line.  Comments?

[AGTCTTWW]

I hope you are right, dsdsemma, but my sense from watching the most recent Generation presentations is that there is likely no way around it.  I'd have to watch again to find where Knoll and/or Levy kind of alluded to that possibility.

[oilsyd]

Remember, they have been offered a billion dollars in funding.   Knoll has  said several times that  they are trying to avoid an equity financing. They could still do an equity financing, but I think it would have to be on good terms in  order for them to agree to this.  Currently, the share price is way too low.  On the other hand, company execs often say

[Y93H1979]

With sentiment the way it is in the commodities sector, I wouldn't be surprised if the SP doesn't respond much to a positive decision. In which case I will welcome the extended buying opportunity and will definitely be buying again. Permitting is really the last "unanswered question" with regards to GENM. I don't perceive funding to be much of a risk factor. Condsidering the

[Worldchanges88]

I work in HVAC and between the slightly cooler summer and the inflationary bumps people aren't buying air conditoners and furnaces like they did last year. We live in a reactionary society. I believe the market will correct itself. Those worried about inflation will still find ways to buy things. The media is doing everything they can to create Fear shaking as many tress as possible. Every 3

[Specific]

Rainyday said...."GENM is going to be a valuable mine long-term and is currently trading at a fraction of its potential value. Maybe just sitting tight and not being overly concerned with the post-announcement price is a good strategy."   could not have said it any better Rainy...this is definitely my point of view pd will be in demand for at least 5 years, probably longer cu

[Rainyday]

It's not taking very much volume to move this stock up a nickel. Looks to me like the selling is now exhausted and any naked short sellers will find it somewhat difficult to cover.

[oilsyd]

I bought 50000 two days ago.  With only 10000 shares traded up to that point, my buy resulted in a 3 cent increase.  We are trading at very low volumes which often indicates that the share price is about to go through another change.  This change could be up or down, but obviously my own actions indicate my belief in where the share price is headed.  I  completely agree