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Aris Mining Corp T.ARIS

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

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.


TSX:ARIS - Post by User

Bullboard Posts
Post by Northforce13on Oct 17, 2019 4:15pm
157 Views
Post# 30241536

They keep on creating value

They keep on creating valueNPV of Marmato according to them is >200 mil, so they spin it off to a shell company for 57 mil... to create value for shareholders.  Makes sense.

I think someone posted that directors or arms length people own 20% of the new company.  If  that's right and Marmato is truly worth > 200 mil, well the 150 mil difference * 20% = a nice 30 million dollar benefit to them?  If so, let us not doubt that they are acting in share holder's best interests and this transaction can only be beneficial.  The share price should be soaring on all this constant value creation they keep doing for the shareholders.

Fiscal year 2019 financial statements should look great with that 150 mil loss hitting the books.  No worries though, it's "non cash" (like as if they got Marmato for free har de har har), and "adjusted" earnings will be stellar.

GCM makes tons of money.  But it's what they do with that money that is important. 

I'm the eternal skeptic/cynic.  More a Munger than a Buffet.

Good luck to all!
Bullboard Posts