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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

Generation Mining Ltd > Does Feb. Financing Launch Our Price?
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Post by bargnhillbilly on Jan 18, 2023 12:39pm

Does Feb. Financing Launch Our Price?

After we see how much money we get from Canadas government grant. We will see how much GENM needs to borrow. Any share placement and at what price should be settled. I would think it should be onward and upward from there? I'd just like to see $1.50 - $2.00 this summer!  Where we should truly be. The only obatacle I see after that is permits and I don't see that being a big deal. What do you guys see?
Comment by bargnhillbilly on Jan 18, 2023 1:11pm
Think about how much dilution we would a had if our team hadn't got roughly $40 Million from Wheaton up front. At .60 area, dilution would a been massive. Our GENM  team bought a lot of their shares in the dollar area so that didn't happen. I felt pretty fortunate to get to add a few months ago in the low .40s on the US ticker. I just think its finally time for GENM to have its days ...more  
Comment by AGTCTTWW on Jan 18, 2023 1:54pm
Bargn, it's actually $240M from Wheaton, $40M upfront with another $200 million still to come for about 5% (in $ value) of the metal to be produced. Yes, that is a lot of dillution avoided by Generation management looking out for us little guys.
Comment by bargnhillbilly on Jan 18, 2023 2:53pm
Yeah I knew it was $240 million total from Wheaton but I didn't want to include what GENM hasn't used. I'd say that $200 million left should go a long way getting  us to mining stage. When we start mining and our revenue starts coming in we won't need to borrow anymore. I'm hoping all the infrastucture will be in place to do that for next year. GENM is going to have to ...more  
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