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 > Just added

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Post by LEV8ME on Nov 08, 2023 12:09pm

Just added

16,000 shares for a measly $4000. And doesn't look like it's showing up on the TSX exchange. Rounds my holdings out to an even 200,000 shares. It's been a while since I added and hesitant to do so. This averages my cost down to just over $0.75.

In my opinion, there's just too much on the line here for something not to happen. Between the Feds and Provincial governments, town of marathon and BN, if this doesn't happen, I'd be shocked.

With Implats and SS cutting back, I think it was Rainyday that said the cure for low prices is low prices. Palladium had to bounce soon, and prior to production, especially with EV sales faltering and hybrid production ramping up.

All that being said, I'm in an uncomfortable position, but what's another $4k!

GLTA!!!

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Comment by Ivorygull on Nov 08, 2023 3:42pm

I'd say you did the right thing LEV8ME, but I have to admit that the recent PP got me worried. Up until then I was sure that this was a winner. You have good points as do some of the others, and so I have to go with what I originally thought. I recently bought after not buying for over a year. I have gone from .89 down to .77 per share. I wasn't trying to bring my average down, but ...more

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Comment by Rainyday on Nov 08, 2023 11:18pm

It's very hard to not be tempted to buy at these prices but some of this current downtrend is explained by tax loss selling and I'm not convinced that's ended yet.

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Comment by Rainyday on Nov 13, 2023 11:08am

Volume has dropped over the past week - perhaps tax loss selling is getting near the end.

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Comment by Rainyday on Nov 14, 2023 10:44am

Volume is trivial on TSX so far this morning but Anonymous has picked up about 50,000 shares on the smaller exchanges. I find that buying seems to get routed through the smaller exchanges when the price goes up a bit. Keeps the retail investors somewhat in the dark.

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Comment by Rainyday on Nov 14, 2023 11:05am

The offer on the TSX is currently for only 1,000 shares - which isn't attractive to would be buyers (discourages prospective buyers). But there's probably shares posted for sale on the smaller exchanges - which the retail investors won't see.

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