Post by
kkkrrr on May 13, 2023 12:54am
some ppl don't understand the financials...
i think Segovia will produce good money in Q2 2023 .. Aris is in a money spening-phase ... Toroparu + Marmato are in pre-production phase ... Aris payed a lot of taxes in Q1 .. Q2 will be cash-flow positve and its possible the Marmato -expansion will start in Q3 2023 ....
the problem with Aris could be Soto Norte.. its unclear they will spend another 300 million$ to reach a 50% ownership.. without a clear developement -plan it makes no sense take more debt for 50% of the project... i'am not sure but i think management told investors they will not raise the ownership to 50% without permits in the hand.... we will see ...
..operational Aris is on track ... but i'am not sure about the strategy (Toroparu (sale or not) + Soto Norte) ... thats why Aris currenty is a HOLD for me
Comment by
Stratocheif on May 13, 2023 10:52am
Segovia has always been a good producer.....if only aris hadn't gotten involved it would be at least an $8 stock by now. Toroparu in pre production phase??? Are you kidding? The project has been stopped That's why sp is sinking. 300 million in debt and no clear path to near future significant increases I'm ounces produced