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Bullboard - Stock Discussion Forum Eco Oro Minerals Corp C.EOM

Alternate Symbol(s):  GYSLF

Eco Oro Minerals Corp. is a Canada-based precious metals exploration and mining development company. The Company was focused on advancing its principal asset, the Angostura Underground project. Its Angostura project is located in northeastern Colombia. The International Centre for Settlement of Investment Disputes (ICSID) Arbitration Claim has now become the core focus of the Company.

CSE:EOM - Post Discussion

Eco Oro Minerals Corp > Distribution Waterfall
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Post by sailor8 on Oct 01, 2021 9:19am

Distribution Waterfall

This is a picture of a spreadsheet from NaturalCurrency.

User image


Very good that NC made this job to develop a first overview about what we may receive and what others would receive! It is just something to play with and to think about.

It would be the job of either from EOM "management" or from Kingsdale to deliver us such an overview on "official" channels. But they seem to be ashamed to show us clearly, how much they robbed from the shareholders with hundreds of pages of fineprints in legal language.

We shareholders are the true victims with our personal savings beeing mostly deleted in that whole story.

"Those" who will receive most of the award are not victims by the breach of 805. But "these" will now cash in what would belong to us and this in extreme unfair proportions.

I still see a tiny chance, that Minesa solves the situation. That Minesa can manage in some way to take over EOM, drops the whole case and pays out shareholders and "these others" at a reasonable fair price for the 3 million ounces which are in our hill.

Would mean that Colombia finally makes the delimination for underground mining (with a closed water circulation and without any chemicals) in a reasonable way. Would mean that they can overcome the Colombian corruption system, which is the real reason for all the mess. There are powerful dark forces in Colombia who want to grab these assets discoverered and explored by us. 

My goodness, how many concrete and really green projects Colombia would be able to do, if they can save that award money in our case and do real green things with it. Nothing to say about the long term tax income from a modern managed mine and the all these well payed working places in a modern & clean mine.
Comment by sailor8 on Oct 01, 2021 9:31am
Same from NC again. I only slightly changed the lay out, hoping that the picture now is better to read. Probably you need to enlarge the picture.   
Comment by NaturalCurrency on Oct 01, 2021 11:45am
Thanks Sailor. This is not supposed to be final by any stretch of imagination. Just my (half baked) interpretation. All - feel free to provide inputs to this waterfall.  
Comment by TiredofWating on Oct 04, 2021 10:44am
Sorry, you need to help me out here.... Base on that distribution are you saying that you expect no money left over for the shareholders? Also, if Minesa steps in, what happens to the distribution?
Comment by sailor8 on Oct 06, 2021 5:39pm
My own understanding of the waterfall calculation is: in both scenarious  "the Company" may receive 30 Mio $.  Divide 30 Mio USD through 106.52 outstanding shares and calculate it to CAN $ to get a value of the shareholders part from an award.  You may add some smaller amount of millions for things we can sell to Minesa if we simply completely liquidate all our assets in ...more  
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