Generation Mining Ltd T.GENM

It's going to be a mine

[Rainyday]

That's obvious - the share price is just "noise" along the way.

[Rainyday]

Gold has gone back over $2,000 this morning as the labour market in the U.S. is cooling but the general market is much lower and oil stocks are getting hit hard. I won't be surprised if we get a meltdown in the general market in the next couple of months - so I'm just sitting tight and will watch GENM management make steady progress advancing this development. 

[marcrobert]

anybody adding here? For those expert mining investors out there - why/why not? where are we at in the curve (i think we`re at the pre-construction low, but macro background isn`t great short term). Looks like we have a mine coming, with potential execution and cost issues, a big project.  dilution risk somewhat minimized with this large chunk of debt, but offset by higher rates... PD

[Rainyday]

I'm not adding here (although I'm tempted) because (a) I have plenty and am sitting tight and (b) we could get a shakeout in the general market over the next couple of months so I'm not adding much of anything (although watching to get back into oils and I'm long gold stocks). As for dilution, my "working assumption" (and that's all it is) is that there will be some

[KIMAUI]

I think with critical minerals $'s, incentives, tax breaks - no dilution.  Government is gonna use GenM as a show pony and will make sure it looks good.   World is watching and we are the next critical mineral mine in Canada. Keep in mind next elections are in 2025/26, around the time this mine gets going - feds and province will want this on their score card. 

[marcrobert]

sounds good to me. there will be dilution though, pretty much unheard of for a project like this.

[timeoutofmind]

they have to water it down to broth.