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Aris Mining Corp. T.ARIS

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

Metals & Mining Gold
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

Aris Mining Corp.
Bullboard Posts
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(13)
•••
Comment by baystock1on Sep 19, 2012 2:09pm
200 Views
Post# 20386729

RE: RE: Frank Holmes funds are selling ?

RE: RE: Frank Holmes funds are selling ?

GCM is now my biggest holding. But I still like to look out for negatives. A month ago CoffinTrader mentioned on this BB that Rick Rule owned 47 million shares of GCM. This was the first I heard of it so I started looking into this and found that it was actually Global Resources funds  run by Frank Holmes that owned 47 million shares. But it is somewhat disturbing to see he has significantly reduced the holdings of GCM in his funds. He is very well connected and use to be a big touter of Columbia and Medoro in the past, so I mentioned this since it is definitely of interest. Hopefully the sales were only for tax loss purposes.

Also if this share has multi-dollar potential which I don't disagree with, why is the billionaire chairman Serafino Iacono's holdings so small ? Why is he not buying like crazy.  His few million shares in GCM are just chump change for him relative to his net worth.

Bullboard Posts
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