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Bullboard - Stock Discussion Forum Aris Mining Corp N.AMNG.NT.U


Primary Symbol: T.ARIS Alternate Symbol(s):  T.ARIS.WT.A | CLGDF | ARMN

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... see more

TSX:ARIS - Post Discussion

Aris Mining Corp > tobinator:technically speaking you might want to add
View:
Post by drunk@noon on Mar 30, 2024 5:16pm

tobinator:technically speaking you might want to add

the fact the 50 just crossed over the 200. And on high volume the last couple of days, the former being the day of the G-cross and yesterday being heavy volume  the follow up. My major fear, and may be a reason for the short interest, would be if the company did something dilutive in the from of a capital raise. I just got killed when CXB did a 100 mill PP which torpedeod their stock, left them stranded at $1.68, when they would've been over $2 by now. Like ARIS they have a cashcow mine that was supposed to fund their newly aquired newfoundland property. By-wap-just like that 100 mill PP at, needless to say, a price lower than current shareprice and of coust leaving it stranded their just as gold roared over the all important $2100 range- sacrificing current shareholders to ensure the investment banks would be able to use the historic jump in gold price to sell the placement. Hopefully the same doesn't happen here.
Comment by tobinator01 on Mar 30, 2024 10:18pm
drunk, there are several miners that use the market as an ATM machine.  Either they aren't generating enough cash flow to stay liquid (GSVR.V) or they need to raise a ton of cash to build a mine (AR.TO).  I'd say relax about Aris.  They already have $195 million of cash on hand and generating $160 million in EBITDA.  Accounting for the recent rise in Gold, they are ...more  
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