Aris Mining Corp. T.ARIS

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

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.

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Aris Mining Corp. > Cash 95 vs 73 end of q2

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Comment by invest234on Oct 13, 2020 7:50pm

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Post# 31711678

RE:RE:RE:RE:RE:Cash 95 vs 73 end of q2

where does it say the gold notes MUST be taken out next april?

the notes mature in 2024 not 2021, and the payment schedule is spread out to 2024:
https://s21.q4cdn.com/834539576/files/doc_downloads/GCM-Gold-Linked-Notes-Debentures-FAQ-Update-2020-04-30.pdf

they have the option to early redeem in april 2021 at 104% of principle, but it does not say they MUST redeem. they have the option to redeem in whole or in part, it does not say they MUST redeem the entire amount of $30 mil remaining.

if they find a good cheap project, they can just as well use the extra cash to buy that project and let the gold notes mature normally in 2024. or if the share price of caldas/goldx/atlas crashes they can buy more shares of those. it all depends on what they decide is the best use of cash.

you are right, trust no one :)
do your own dd

menoalittle wrote: >> guys i dont understand why anyone here would be OK with only buybacks

not that I agree or am "OK" with the "only buybacks" option (because as I noted previously, there is tremendous value in establishing a pattern of steadily increasing dividends), but given how undervalued the stock is, buybacks are simply a much better and far more effective use of funds (because the stock is, in a nutshell, so incredibly cheap at anything below 8, or even 9!)

>> Trust me they can maintain a cash balance of around 100 million

sorry... trust no one. Gold notes MUST be taken out come next April, so that cash (prob slightly north of 30 million) has to be set aside. And taxes MUST be paid in full in H1 of next year (which will be a substantial chunk, trust me... lol.) The big bump up (if we want to call it that) in divy can (quite likely... will) come AFTER that. so, hold y'er horses on doubling the divy. Probably happen ~year from now.

Would be oh so very sweet to have 10% less stock sharing the spoils of war (victory) by then...

This is why I believe they need to stay focused hard on the buy program right NOW, regardless of when, where or how the price starts moving up. Company is just not allowed (against regulations) to buy/push/chase the price up, can only buy on the bid side. Which, if you have ever tried to buy size of something (hot) on a steady rise, it can be a real beetch.