Our Q&As are emailed in our Saturday Morning Report, find the answer to this question below.
Hello MM, This is my first question, so I'm testing the waters. Current price of GEN is 0.09 with a 12-month outlook of possibly reaching 0.48 according to my research. Do you consider this a worthy company for investment.
Hi Gregory,
Welcome to MM, Gemnin (GEN) is actually a first to our report. For subscribers not familiar with the company its a $65mn WA based iron ore exploration and development company with a pipeline of projects in the Republic of Gabon, central West Africa. The stocks unfortunately fallen ~70% since it listed back in 2021.
The company raised money in January telling investors at the time that it was around 18 months away from delivering cash flow – the offer price at the time of 10c was an almost 50% discount to its last trade.
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