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Bullboard - Stock Discussion Forum 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... see more

TSX:ARIS - Post Discussion

Aris Mining Corp > more insider buying
View:
Post by invest234 on May 23, 2023 2:36pm

more insider buying

Woodyer, Neil
$402,634
+121,800 vol
$3.31 each
Comment by invest234 on May 24, 2023 4:11pm
more Woodyer, Neil $601,794 +180,000 vol $3.34 each total a million dollar buy. that is what a good leader does. you know the shorters want to push this below cad$3 so they can cover their shorts. last time aris was below cad$3 was when gold went to $1620 double bottom. the shorters are so brave that they want to do this when gold is above $1900 now.
Comment by tsoprano24 on May 25, 2023 9:09am
"The shorters are so brave" Why do you think that is? I'm glad to see some insider buying but still don't understand why they can't use some of the millions in the vault to buyback some shares for the company. They should be printing cash at these prices so it is replaced. In the meantime we shareholders get an instant return on investment, less shares out and at a ...more  
Comment by Stratocheif on May 25, 2023 9:34am
I've seen a lot of companies that are not focused on fighting shorts or taking big action to boost the share price. Sure they'll buy back stock if they see it is ridiculously cheap but mostly that's the only reason. When a company believes they have a good plan to grow, they focus on that only at that particular time. Aris I don't know what the h is going on there. The sp is down ...more  
Comment by tsoprano24 on May 25, 2023 12:34pm
While you point out the $300 mil in debt you don't mention the cash position. Is it not well over $300mil leaving cash available for buybacks. They have the money to do one, but they are either financially inept or something else is stopping them. I pray it is not another acquisition or worse yet, a spinoff they will buy back later, so they can reap some fees off it. I know some here think ...more  
Comment by Stratocheif on May 26, 2023 4:48pm
Agree with you 100%. I owned GCM for years. Then they made this thing with aris. Messes everything up. GCM would easily have been an $8 stock today. No direction here. No transparency for the shareholders. We'll at least they appointed a journalist to the board of directors. She can write up some nice articles about why this is in such a mess while she collects her half million dollar salary
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