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Bullboard - Stock Discussion Forum Inca One Gold Corp V.INCA.H

Alternate Symbol(s):  INCAF

Inca One Gold Corp. is a Canada-based gold producer operating two fully permitted, gold mineral processing facilities in Peru. The Company is engaged in the business of operating and developing gold-bearing mineral processing operations in Peru, to service government permitted small scale miners. The Company possesses a combined 450 tons per day (TPD) permitted operating capacity at its two... see more

TSXV:INCA.H - Post Discussion

Inca One Gold Corp > IO’s Bullion Store
View:
Post by paulindoon1857 on Aug 21, 2020 3:26pm

IO’s Bullion Store

Contacted our IR, Konstantine Tsakumis - ktsakumis@incaone.com - who BTW, always takes time to answer queries re IO, so contact him if needed. Anyway, IO, on 28May, announced launching its online Bullion Store per: https://www.incaone.com/news/index.php?content_id=253

K
onstantine was helpful in providing that: "the bullion store is progressing and the company has secured a partner to mint the coins.  We are hoping to update the market and prospective investors on the launch in the very near term as well.  at first just gold coins will be offered an eventually silver coins will follow."

Am wondering what the cost to investors might be for products acquired thru our Bullion Store - spot price, spot price + premium or perhaps even a price BELOW spot since I will assume that when IO sells its Au to their trade, it must be sold below spot for the trade to make a profit. Or am I off base with that assumption?
Comment by paulindoon1857 on Aug 24, 2020 4:20pm
The just issued MD&A provided one Hint as to what the price of Au, purchased thru the upcoming IO Bullion store will be. From doc (https://www.sedar.com/CheckCode.do)  "As an additional benefit to shareholders, it is the Company’s intention to make the gold coins available to Inca One shareholders at a preferred rate."
Comment by paulindoon1857 on Sep 15, 2020 10:59am
https://www.incaone.com/news/index.php?content_id=264 Inca One Gold Bullion Store to Launch September 17, 2020: NR re Bullion Store: As part of the just announced Bullion Store going live, IO is giving it’s shareholders a price break: Existing shareholders of Inca One who hold a minimum 5,000 common shares of the Company prior to placing their orders, are eligible for preferred ...more  
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