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Aris Mining Corp T.ARIS

Alternate Symbol(s):  T.ARIS.WT.A | CLGDF | 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
Comment by invest234on Oct 17, 2020 11:50am
117 Views
Post# 31734283

RE:RE:RE:The dark side of the galaxy

RE:RE:RE:The dark side of the galaxy i don't have all the answers, i can only guess when we don't have all the facts.

from what ikn said, the initial bidding process took place in 2019 when the gold price was much lower, long before caldas made the purchase. ikn said paas backed out when the gold price started to move up.
you are assuming that everything happened at the same time with the intermediary sarc which was not the case. a lot of things happened between the time of initial bidding in 2019 and caldas purchase in may 2020. the march crash happened during that time. maybe paas seeing the crash was then willing to sell at a lower price to sarc, and the other bidders had already pulled out.

sarc did what everybody wants to do, buy low and sell higher to make a profit. the gold price had recovered in may 2020 so caldas paid a higher price.

it does not sound like gcm/caldas was involved in the initial bidding process, otherwise gcm/caldas would have bought directly from paas. it sounds like paas was not aware of gcm as a possible buyer and gcm was not aware paas was selling juby. sarc took advantage of this lack of awareness and did a flip, the same way house flippers make a profit by taking advantage of lack of awareness between buyer and seller.

"Why to make the sarc owners mysterious ? "
sarc is a private company and are not required to disclose all their information like public companies are.

since we do not have all the facts, i am not yet convinced $10 mil was all sarc paid. maybe they paid some shares too. if they paid shares too then that would make the ikn dirt digging without merit. and the march crash could have explained why paas changed their mind again, first pulling out from selling and then deciding to sell.

"Why suddenly the juby project when cgc was fully involved in the marmato2 building? ."
maybe because juby with 4 million oz gold in a safe jurisdiction was selling for cheap and they were setting up their next pipeline project. and sarc wanted shares of caldas instead of cash only.


Brioche wrote: So , ok let's say you are right again .( Forget rockhead and that stuff ). 

Why to need a intermediate company to make the deal? Why to make the sarc owners mysterious ? 
Why suddenly the juby project when cgc was fully involved in the marmato2 building? .



Bullboard Posts