Aris Mining Corp T.ARIS

Trading of both GCM and GLDX halted

[satuple]

pending cos news.....

[menoalittle]

possibly mainly GLDX news, and GCM halted simply because of the size of its GLDX position...

[menoalittle]

at least, that's what I'm thinking...

[Wayned52]

It`s going to be big .

[rotax1]

probably big volume on warrant    14 itg 86000  on a half day   ,  10:35:38 T 4.05 0.07 34,700 14 ITG 82 Stifel Nicholas K 10:32:02 T 4.05 0.07 3,200 14 ITG 82 Stifel Nicholas K 10:32:02 T 4.05

[kkkrrr]

a theory... GCM paid down some debt earlier this week ..maybe someone will take over both companies?    GCM spinned-off most of its other projects..its a clean vehicle now ...      why not ... a buyer could buy both because with GCM he gets 20% of GOLDX +warrants

[rotax1]

goldx volume is small but all from 62 haywood 62 haywood and 14 itg are link to gcm insider or buy back  0:32:49 H 2.95 0.01 100 2 RBC 2 RBC K 10:32

[invest234]

if i were the chinese that bought guy, i would want to buy goldx and gcm. they need to fill their mill with goldx ore and saves on not needing to build a mill for goldx, and they need gcm permission to buy goldx because gcm is biggest shareholder of goldx. when they buy gcm they don't need gcm permission anymore. plus they get a lot of aris shares and segovia for cheap. (wheaton would give

[kkkrrr]

GCM hold a lot warrants of Gold X ... they don't need buying shares ..they simply can exercise the warrants for shares

[invest234]

because gcm benefits more from buying shares with attached warrants than just exercise warrants. gcm gets more shares that way. gcm giving away cash to exercise warrants does not help gcm and does not sound so earth shattering to halt 2 companies. only time gcm exercised warrants was when another big holder wheaton exercised their warrants at the same time.

[TG1960]

One wonders if Wheaton might have something to do with this halt?

[menoalittle]

sorta doubt that Zijin Mining would be that aggressive and buy out both companies... but if backstopped or prompted for one reason or another by the PBC, ICBC, and/or the Chinese government itself, who knows?  Don't forget, it was Zijin that bought out Continental Gold for a billion dollars... and how much gold was Continetal producing at the time?  Clearly Zijin said they were (and

[menoalittle]

reflecting further on this, think I'll add a few more comments here. Considering Zijin at the time only paid a 29% premium for Continental God, I find it hard to believe that any offer from them right now would ever be enough to win sufficient GCM shareholder approval.  Thus, I suspect any buyout offer would logically be for GLDX alone. Why link or condition a possible failure of a GLDX

[invest234]

gcm+goldx is a lot cheaper than $1 billion for continental gold. if they offer $1 billion again they might get both. bid high enough and they could get it, just a question of price. if they bid only for goldx, that runs into problem with others bidding for goldx too. their bid for guy ran up in price from other bidders, first with gcm and then svm. and gcm may hold out for a high price before

[pilk111]

Agreed 100%. Even 80% would not be too bad in my view as there are still of other cheap precious metal plays out there. I would just redeploy the money in other plays. 

[likeike]

Oh contrare Zijin is that aggressive and have been of late. Just posted this on GLDX board... The chinese are buying the 2 projects they do not have? GCM is also halted and own a good chunk of us. Remember GCM tried to buy the 2 projects and got kiboshed by the chinese. It makes more sense to run all 3 together and with Friedlands involvement  with the Chinese on a lot projects I think

[menoalittle]

>> But what do I know? IKE me thinks you forget exactly who it was that smacked Zijin upside the head when they tried to lowball Guyana Gold...

[menoalittle]

apparently some folk know a little bit of how to negotiate and make a deal... and some don't. but what do i know, eh?