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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 Barkison Feb 11, 2020 10:32am
113 Views
Post# 30673551

Reducing bloated derivatives - have to start somewhere

Reducing bloated derivatives - have to start somewhereOne year anniversary of the $20 million debenture issue is almost here.

These are converitible at $4.75. 

The company can redeem 10% on each anniversary.

They are already deep in the money and the debenture holders will probably be making
a 20% extra profit on top of their 8% if they convert and sell at the current share price of $5.40.

28% in one year  is more than enough for a securty that ranks higher than the common shares.

This company is still leveraged with debt although not a high amount given that their cash flow was and should be very good. Debt can always turn around and BITE you. If you invest in this company you should make yourself very familiar with the various strike prices of the various warrants , options etc.

Funny Bone points are $2,20, $4.75, $5.40 and $6.50 to name a few.

The share price will stay with this range until all this is sorted out - subject to the gold price.

They are going to have a lot internal demands on that cash flow - pay dow debt, buy back warrants and debentures , invest in their startups etc. Should be a fair investment but I would not
expect a multi bagger at $5.40 a share.
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Bullboard Posts