Generation Mining Ltd T.GENM

Webinar comments

[dsdsemma]

Well Jamie mentioned equity financing but then hit the "non-dilutive" point twice as a large shareholder himself.  But I did get him to confirm (with "Yes" and a snicker) that they are considering other "skin in the game" options than equity.

[LEV8ME]

I unfortunately totally missed the webinar. Any other good/new info?

[Ivorygull]

You didn't miss anything.....they are now waiting to hear from the governments re the EA on Nov 30th.

[Supertweety]

The best thing I heard in the webinar was that 90% of the BN approved the deal.

[Rainyday]

Government approval with conditions appears to be very likely....aiming to begin construction, i.e. harvesting trees and building roads by late Q2 or early Q3, 2023....as per webinar this morning. (From petelazier @ CEO.ca)

[Ivorygull]

Unless something changed Rainday, I'm pretty sure that the plan has been to be late QI early Q2 for the tree cutting and road building.

[Rainyday]

The timeline in their new presentation has production in 2025 - a bit later than previous presentations - so maybe something has changed. But the presentation also has construction activity (not specified) starting around Q2 so that may include roads and tree cutting. 

[Ivorygull]

Yeah, they have been talking about the end of Q1 since the beginning of this year with regard to the start of construction, and that was always going to be the initial cutting down the trees and starting road construction. Kerry had said that a number of times. That would then put them into the end of Q2 and Q3 to work on the 'real' construction. It's all good and they really are

[skiesthelimit]

I think our biggest risk off scenario will be updated cost to build the mine. Jamie did mention 15% to 20% higher. Let's say it's 20%.  665 million + 20% would be around 798 million. Not a deal breaker but more financings will be needed.  We have 240 million from Wheaton, hopefully 200 million from EDC, and potential 400 million from European banks. That added up is 840 million

[dsdsemma]

That's a fair analysis Skies.  I think more streaming or smelting will likely fill in the gap.

[AGTCTTWW]

Crossed fingers, and toes, Dsdsemma.

[AGTCTTWW]

Pd is running. 15-20% higher than GENM planning estimate, Skies, so let's hope its all a wash.

[cashworx44]

This post has been removed in accordance with Community Policy

[Worldchanges88]

my question got skipped over about a deal on the table for a buyout lol

[Specific]

Buyout..... maybe not likely  if yes... Impala, SS, Barrick  my guess.....no to all anyway, 1.40 is soon 

[AGTCTTWW]

I concur, Specific.

[timeoutofmind]

how am i painted as the lunatic, when you're spouting off ridiculous price targets that are delusional ?  this PO$ can't touch 70 cents ! yet ANOTHER week of failure ...  do you know how to read charts ? if you did ... you would look at this and diagnose it as a failure.  by my measure ...... for the 59th week in a row.  but hey ! no one around here wants or likes

[AGTCTTWW]

Totoutofmutt is a liar. A short and distort douche bag, nothing more.