Bullboard - Stock Discussion Forum Generation Mining Ltd T.GENM

Alternate Symbol(s): GENMF

Metals & Mining Industrial Metals & Minerals

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

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Generation Mining Ltd > Financing

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Post by Zareee on Oct 06, 2023 8:21am

Financing

The 400 million financing deal is taking longer than I like to close. Why hasn't stillwater stepped to the plate with an offer to finance the rest.

Pd pt and cu are all in the dumpsters. By this time I think we are behind schedule on 1st pour.

We need financing to go through (400) otherwise we become a shell company.

What we have

Honest team
Permits
great Property

240 million deal

To me it looks like there might be a snag in financing and that's one of the reasons we might see teens unless they announce that the deal closed.

Just a few thoughts

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Comment by KIMAUI on Oct 06, 2023 8:52am

Agree- 400M in this market is risky, mind you everythign is risky right now. Long term forecast does look better though. Unfortunately, I will lose my shirt if this doesn't go through. I also think the last permits are approved and $ is hold up. We do have a chance in gov't stepping in with critical mineral $. Even with Pd is the toilet, they can market the investment in ...more

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