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Aris Mining Corp. T.ARIS.W.A


Primary Symbol: T.ARIS Alternate Symbol(s):  CLGDF | N.AMNG.NT.U | ARMN

Aris Mining Corporation is a Canada-based company, which is primarily engaged in the acquisition, exploration, development and operation of gold properties in Colombia, Guyana and Canada. The Company operates the Segovia Operations and Marmato Mine in Colombia. The Segovia Operations are located 180 kilometers (km) northeast of Medellin in the Segovia-Remedios mining district of Antioquia, Colombia. The Marmato mine is located in the Marmato gold district in the Caldas Department, a mountainous region approximately 80 km south of Medellin, Colombia. The Company is also the operator and 20% owner of the Soto Norte Project. The project is located within the traditional mining area of California, Vetas, which is located approximately 350 km north of Bogota and 55 km northeast of the city of Bucaramanga. The Company also owns the Toroparu Project in Guyana and the Juby Project, which covers an area of approximately 42,817 hectares and is located in the Cuyuni-Mazaruni Region of Guyana.


TSX:ARIS - Post by User

Comment by tobinator01on Mar 27, 2024 2:48pm
164 Views
Post# 35956195

RE:Aris Approaching 52 Year High

RE:Aris Approaching 52 Year HighWe need a solid close over 4.70 to get those underwater shorts nervous.  It depends somewhat on whether or not, the shorts own the Aris B series warrants.  They are 2.21 strike expiring April 30th with nearly 9 million outstanding.  A B series warrant holder short has an automatic cover price of 2.21 no matter how high the stock goes.  However, any other investor or institution does not have that fixed price point.

A week from Friday (April 5), the 4.75 strike convertible expires, which will add 3.8 million shares to the outstanding total.  After thinking and researching about it, the Convertible expiration should be a nothing burger for the stock.

I do expect in May, after the B warrants are exercised and no more in-the-money cover point, that shorting intensity will be reduced.  I've seen it before in miners after warrants are exercised, the stock tends to experience more bullish trade.
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