Post by
Stradeski on Mar 17, 2021 3:03pm
Temas article highlights
In my opinion, the risk for Erin has always been the financial risk and getting a partner to pay for the remaining costs to bring this property into production. I believe that the Temas partnership gives us exactly what we were looking for and we are only giving up 50% of the property with them instead of the 75% that we were going to give up with Investco. They appear to have great financial connections, so raising the 10.5 million Euros does not seem to be an issue. They seem to be like-minded and want to bring this property into production. I believe that this will be a true partnership!
Reading the latest article on Temas, that was released on Friday, these are the two statements that get me the most excited.
For Temas, adding Piskanja to its portfolio didn’t trigger much debate. “It’s such an obvious project,” says Dehn. Put this together with Tim's interview in which he stated that Temas approached Erin to partner shows how excited that they are about this property. Finally, we get a partner that is as excited as we have been for all these years!
The two companies expect to finalize the agreement by April of this year. This does not say in April but "BY" April. That is within the next 2 weeks! Once agin, this shows a partner that is excited by this project and wants to get to work on it as soon as they can.
These statements do not paint the picture of a partner that may decline the deal and walk away. Both of these statements point to the finalization of the partnership and the chance of them walking away, like Investco did appears to me nil.
According to Tim's comments, Erin expects to have the elaborate completed by the end of the first quarter as well, so we could have a press release on the finalization of the partnership and then the completion of the first phase of the mining licence all within the next 2 weeks!!
I don't know who is selling at this point, but IMHO, they will be disappointed.
Comment by
Firebag3 on Mar 17, 2021 5:11pm
Thanks for sharing Stradeski. After all these years as an erin Ventures equity shareholder, I may actually recover my original investment PLUS. Go figure...
Comment by
CriticalMind55 on Mar 17, 2021 5:27pm
I am curious Firebag3 what is your breakeven price for EV? did you average down over the years? Thx. C
Comment by
Firebag3 on Mar 18, 2021 4:54am
CriticalMind55. I have averaged down several times over the years (decades). I don't know what my average price is ( too lazy to do the calculations) but what I can say! Owning > 500,000 shares but <1,000,000 shares I will get my original investment back (Plus) if / when the share price is ~20 cents. Here's hoping we get our Press releases in a timely fashion.
Comment by
tmp251000 on Mar 17, 2021 5:25pm
Stradeski nice to hear from you..... it has been a while and your comments are always welcome...........PS I agree with your assesment but leave the partnership signing sometime in the nest few months ....to cover any Covid or Serbian behind the scenes delays .....GLTA
Comment by
iamlickzy on Mar 18, 2021 9:27am
I envision the BNN snip with just be a copy of the 90 second video, but a conversation between the two CEO's would be fantastic.
Comment by
Firebag3 on Mar 29, 2021 8:45am
I.M.H.O. Temas article highlights posted by a very respected author. Hopefully this is week when we start to realize significant gains in the equity share price.
Comment by
Firebag3 on Mar 29, 2021 9:19am
If curious or would like to read this post. See page # 9 17-Mar-21 @ 3:03P.M.