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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 > New Press Release - Eco Oro Enters Into a US$6 Million Credit Facility
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Comment by TiredofWating on Sep 20, 2023 9:56am
This does seem to suggest preparation for a resolution. The distribution waterfall seems to have shifted from 90% to 95% allocation to the CVR holders. So, with a $700M award, only $35M goes to the shareholders, which divided by 100M oustanding shares means a share price of 35 cents.  With all of the other allocations, it is more like 20-25 cents.  I once hoped for a dollar, then 50 ...more