Aris Mining Corp T.ARIS

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

Metals & Mining Gold

Aris Mining Corporation is a gold producer in the Americas. The Company is engaged in operating two mines with expansions underway in Colombia. The Segovia Operation is located in the Segovia-Remedios mining district in the department of Antioquia, Colombia, approximately 180 kilometers (km) northeast of Medellin. The Segovia Operations comprises four active underground gold mining operations, which include El Silencio, Sandra K, Providencia, and Carla. It has over 11 titles with a total area of 5,335.58 hectares (ha). The Marmato underground gold mine is located on the west side of the town of Marmato, in Marmato municipality of Caldas Department, in the Republic of Colombia, approximately 80 km from Medellin and 200 km northwest of the capital city of Bogota. The Company is also the operator and 51% owner of the Soto Norte Project, which is advancing to develop a new underground gold, silver and copper mine. In Guyana, it is advancing the Toroparu, a gold/copper project.

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Aris Mining Corp

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Post by baystock1on Jul 16, 2016 10:20pm

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Post# 25059365

share price capped at around 17 cents

It seems to me that Gran Colombia's share price will be effectively capped at US$13 cents until all the debentures are converted into common shares. If the share price was to increase to US$16 cents then arbitrageurs could buy the bonds at face value and convert them into shares at US$13 cents and then sell these shares on the market at 16 cents, thus pocketing a 20%+ gain.

Because of this arbitrage, I think the share price cannot rise above 14 cents US$ until all the bonds have been converted to equity. So in this gold bull market where there will be tremendous demand for gold shares we are pretty much guaranteed to have 1.4 billion shares outstanding as all the bonds get converted into equity over the next few months.

Where am I wrong on this thesis ?

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