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Bullboard - Stock Discussion Forum Eco Oro Minerals Corp C.EOM

Alternate Symbol(s):  GYSLF

Metals & Mining Gold
Eco Oro Minerals Corp. is a Canadian precious metals exploration and development company. The Company was focused on the development of the Angostura Project in northeastern Colombia, which consists of the main Angostura deposit and its five satellite prospects. The International Centre for Settlement of Investment Disputes (ICSID) Arbitration Claim became the core focus of the Company.

Bullboard (CSE:EOM)

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Comment by oldtimer42on Dec 19, 2023 1:00pm

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Also Sept 30 Management’s Discussion and Analysis is out

There is no breakdown, the board will not be able to give us that until we have (a) an arbitration award or (b) a buyout. I have no idea why they put out this last message, it only adds to the ...more  
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Comment by TiredofWatingon Dec 19, 2023 9:29am

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Also Sept 30 Management’s Discussion and Analysis is out

Agreed.  10% is the MAX for shareholders.  After additional fees, distributions, expenses are subtracted, it will be closer to 5%. Perhaps the better outcome would be for Colombia to allow ...more  
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Comment by oldtimer42on Dec 19, 2023 9:10am

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Also Sept 30 Management’s Discussion and Analysis is out

Based on the distribution, the CVRs get a gross of 90% of the award, the max for shareholders is 10%. No doubt the board has no idea the actual amount of the award so the $460 million is probably a ...more  
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Discussion
Comment by MacBookon Dec 18, 2023 10:34pm

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Also Sept 30 Management’s Discussion and Analysis is out

The point I was trying to make is the cvr component is capped at $460M Assuming full $675M win : It's easier to back into equity porpotion based on the payment order CVR (up to 460M) + notes ...more  
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Comment by oldtimer42on Dec 18, 2023 9:54pm

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Also Sept 30 Management’s Discussion and Analysis is out

Interesting that they do not identify the percentages of the distributions....except for the UP TO 5% of the proceeds to management that could be as much as 35 to 45 $million. That would need to be ...more  
116
Discussion
Comment by MacBookon Dec 18, 2023 9:24pm

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Also Sept 30 Management’s Discussion and Analysis is out

from md&a Following completion of the 2019 Private Placement, the terms of such securities provided that the proceeds from the ICSID Arbitration (“Claim Proceeds”) would be distributed in the ...more  
117
Discussion
Comment by Loiscaston Dec 18, 2023 4:40pm

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Also Sept 30 Management’s Discussion and Analysis is out

That is quite accurate but much closer to 10%. Any debt is proportionate to the CVRs which cover 90% of any debt or expense.....I believe!
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Comment by TiredofWatingon Dec 18, 2023 9:24am

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Also Sept 30 Management’s Discussion and Analysis is out

Agreed.  Years ago now the Colombians were at PDAC encouraging investors.  We invested, found gold, and the Colombians then changed the rules to take it away.... 
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Discussion
Comment by TiredofWatingon Dec 18, 2023 9:21am

RE:RE:RE:RE:RE:RE:RE:RE:RE:Also Sept 30 Management’s Discussion and Analysis is out

Yes.  ISCID settlement would leave 5-10% for common shares.  
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Discussion
Comment by rdpsimson Dec 18, 2023 12:39am

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Also Sept 30 Management’s Discussion and Analysis is out

Honestly I'm kicking myself for "investing" in Colombia. A drug infested corrupt leftist craphole. sad that all that money is gone really.
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Comment by Babooson Dec 17, 2023 1:15pm

RE:RE:RE:RE:RE:RE:RE:RE:RE:Also Sept 30 Management’s Discussion and Analysis is out

it's a pathetic sad situation, to see so many invested in this company...I sincerely hope this ends up at least in somewhat a positive ending for the longs
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Comment by Donald1on Dec 16, 2023 2:27pm

RE:RE:RE:RE:RE:RE:RE:RE:Also Sept 30 Management’s Discussion and Analysis is out

Won't the CVR's  and debt eat up  almost 90% of the settlement?
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Comment by sailor8on Dec 15, 2023 6:36pm

RE:RE:RE:RE:RE:RE:RE:Also Sept 30 Management’s Discussion and Analysis is out

Just only a plain theoretical thought. Shares out = 106.15 million. And our compenstaion claim sum including interest  payments is something around 1.15 Billion US $... -------------------------- ...more  
182
Discussion
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