Post by
Sacks48 on Jun 08, 2023 5:46pm
Anyone thinking that
Management will sell a pp at these prices has not paid attention to how smart and resourceful thay are. I think genm is up to 70-75% of money needed. If they start building without a pp they can get more money from their lenders as they progress and let's not forget our 20% partner who might step in with a loan. 2.5 year Payback is not worth diluting the crp out of Generation. Yes it will be a risk ( that I don't think is high) but the alternative of selling 1/2 a billion shares at .4 will completely and surely destroy the merits of this project. So I say you as an investor ( whoever you are) either sell take ur losses and go to a company that you believe gives u more value or stop whining, br patient and watch this unfold. It won't be long before we see which way this goes. In my opinion it will be favorable.
Comment by
Ebankbank on Jun 09, 2023 6:54am
Has anyone called to speak with Jamie Levy or Kerry Knoll about the permits ?????
Comment by
WigitGidget on Jun 09, 2023 10:34am
I called GenM and spoke to Ann who is in charge of investor Relations and she was very informative. Well worth the call, and she is up to speed on everything that is going on with deals, financing, permits etc.
Comment by
RatPatrol on Jun 09, 2023 10:50am
This is a very excellent conversation. Bargnbilly and Sacks48 both make great points. One thing I would add is that the spot price of Palladium has come screaming down from $2925/oz. in July 2021 to $1316/oz. today. Palladium prices need to stabilize before GENM's mine economics can make sense and financing can stick.
Comment by
AGTCTTWW on Jun 09, 2023 11:20am
In the past, Rat, I might have disagreed with you about Pd sensitivity, but today I tend to agree with you somewhat. $3k was, afterall, an aberration.
Comment by
AGTCTTWW on Jun 09, 2023 11:24am
Edit "an aberration that was never included in Generation Mining planning documents. "
Comment by
Specific on Jun 09, 2023 11:28am
recent fs uses $1800 pd...........and 3.70 cu
Comment by
AGTCTTWW on Jun 09, 2023 11:55am
Just noticed the new June presentation. Disappointed to see not much progress on detailed engineering. Lots of new info, more focus on copper. Interesting. https://genmining.com/investors/presentations/
Comment by
AGTCTTWW on Jun 09, 2023 11:59am
Yes, Specific, up to this spring, Generation management had been spot on with their sensitivity/estimates. At 1300 she's starting to squeeze. Need news now to calm everyone. That said, good chunk of financing is committed. Patience.