Post by
Supertweety on Dec 04, 2022 9:46am
GENM legal department probably busy this week
I'm sure Genm will be getting a flood of new "Non Disclosure Agreements" this week. Now they have government approval everybody's gonna want a piece of this mine. I would love to be a fly on the wall to see who's interested. I believe a financing deal has not been announced, not because inflation is messing up the numbers, but because something bigger is on the horizon. Whether it's a new owner or some type of financing deal not through a bank. GENM can't tell shareholders anything because of all the nondisclosure agreements they have. A new owner with tons of cash from their producing mines will have no need for bank financing.
Comment by
Y93H1979 on Dec 04, 2022 6:43pm
Yeah, there is surely a lot going on under the surface. I personally think financing hasn't been announced because they are waiting on the EDC loan, which was dependant on EA approval. Once that is in place, the rest of the financing can be arranged. Either way, it's going to be a very interesting few months coming up fro GENM!
Comment by
cashworx83 on Dec 05, 2022 12:40am
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