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Aris Mining Corp. T.ARIS

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

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 invest234on Oct 17, 2020 11:50am
107 Views
Post# 31734283

RE:RE:RE:The dark side of the galaxy

RE:RE:RE:The dark side of the galaxy i don't have all the answers, i can only guess when we don't have all the facts.

from what ikn said, the initial bidding process took place in 2019 when the gold price was much lower, long before caldas made the purchase. ikn said paas backed out when the gold price started to move up.
you are assuming that everything happened at the same time with the intermediary sarc which was not the case. a lot of things happened between the time of initial bidding in 2019 and caldas purchase in may 2020. the march crash happened during that time. maybe paas seeing the crash was then willing to sell at a lower price to sarc, and the other bidders had already pulled out.

sarc did what everybody wants to do, buy low and sell higher to make a profit. the gold price had recovered in may 2020 so caldas paid a higher price.

it does not sound like gcm/caldas was involved in the initial bidding process, otherwise gcm/caldas would have bought directly from paas. it sounds like paas was not aware of gcm as a possible buyer and gcm was not aware paas was selling juby. sarc took advantage of this lack of awareness and did a flip, the same way house flippers make a profit by taking advantage of lack of awareness between buyer and seller.

"Why to make the sarc owners mysterious ? "
sarc is a private company and are not required to disclose all their information like public companies are.

since we do not have all the facts, i am not yet convinced $10 mil was all sarc paid. maybe they paid some shares too. if they paid shares too then that would make the ikn dirt digging without merit. and the march crash could have explained why paas changed their mind again, first pulling out from selling and then deciding to sell.

"Why suddenly the juby project when cgc was fully involved in the marmato2 building? ."
maybe because juby with 4 million oz gold in a safe jurisdiction was selling for cheap and they were setting up their next pipeline project. and sarc wanted shares of caldas instead of cash only.


Brioche wrote: So , ok let's say you are right again .( Forget rockhead and that stuff ). 

Why to need a intermediate company to make the deal? Why to make the sarc owners mysterious ? 
Why suddenly the juby project when cgc was fully involved in the marmato2 building? .



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