I-80 Gold Corp T.IAU

Equinox selling, did it help drive down the SP

[tallpaul]

Happy New Year. Nice start to the year for those who are long I-80. I post here to learn by asking questions and sometimes adding in some analysis, even though I am no expert. Not interested in the petty banter between some posters on this board (are you guys teenagers because you sling comments back and forth like teenagers). Metalhead has a point in that there will be dilution in order to get I-80 recapitalized. The key question is, how much dilution? Will it be egregious or will it be modest. I have no professional knowledge to comment but I will point that our new management team, including our new CEO (who is an accountant by profession) took over and turned around teranga gold back about 10 years ago. What I have read is that they took over a worse situation in west africa with teranga and turned it around brillanly. So we have to admit that Young, and the people who he has attraced to I-80 from his former teranga team, do have a track record of turning around financially troubled gold miners. CEO Young did a partial turn around more recently with argonaut gold. It is debatable that the argonaut partial sale of assets (the greenstone mine) was the best deal but then again he wasn't at the helm of Argonaut very long. The point I am making is that we  now have people who have the skill set to refinance I-80. That does not mean they will be able to succeed with a turn around without lots of dilution but it certainly looks better than it was under previous management. I hope I have posted something worth reading.

[metalhead666]

The projects are exactly the same today as they were a month ago. Adding a new CEO changes nothing.  They are too far gone to continue without massive dilution. No one lends to "pre" PEA miners without extracting a pound of flesh and a pint of blood.  This is the worst possible gamble in a sector littered with failure and lack of shareholder returns

[goldstd69]

I think IAUX will be bought this year...that would resolve a need for dilution imho

[goldstd69]

Orion seems to be a believer in IAUX...that is huge for IAUX...IAUX is not out of the woods yet but giving Young time to resolve all that is going on and the slew of news upcoming Q1 should support the IAUX story....but yes there are hurdles

[Aurum79]

   Metalman, haven't you figured out that your talking to a bunch of financial masochists? We like it. Keep it coming. I dropped tens of thousands on this thing since the capitulation and I hope it drops more. Like it or not there is money to be made on this. Too many assets to go bankrupt and gold is only going in one direction for the forseaable future. One only needs a few good

[metalhead666]

The "JV Partner" walked away.....put money and time into it....and walked away.  What's that tell you about how great these "assets" are?  And yes, the company can go bankrupt regardless of how many billions of ounces lie between the center of the Earth and the CEOs office. 

[smallcinvestor]

The "JV Partner" walked away.....put money and time into it....and walked away. It tells me you have difficulty reading! 2024-11-12 16:34 ET - News Release Upon careful assessment of the joint venture terms and economics, considering the potential value of the existing gold resources in a rising gold price environment and taking into account the limited understanding of the base

[metalhead666]

LOL!  They did NOT provide an offer to move forward. Do you actually think that Ewan was going to admit that?  The plan was to farm out the base metals and the JV did not think it worth it.  The end.

[goldstd69]

I think that the JV did not move forward because IAU was firm on getting what they wanted and the other party wanted to steal the project....so the deal did not go through...but I would have thought IAU would have communicated better the progress or lack of progress of the JV proceedings ....lots of us were basing a lot on the JV deal

[metalhead666]

Cutting a deal because you HAVE TO vs want to.....That's the situation they were in and remain in.  They are in no position to dictate terms to anyone. Guys like Rick Rule will fleece them and you if keep hanging on for no possible good reason

[RocksandStuff]

You're spreading falsehoods. From their press release "In addition to deposits with base metal potential (Blackjack, Hilltop and FAD), the joint venture discussion included all gold and silver deposits within the Ruby Hill property, including Mineral Point. Upon careful assessment of the joint venture terms and economics, considering the potential value of the existing gold resources

[metalhead666]

The JV did not go forward.  Spin it any way you like but a deal did not happen AFTER the mystery partner invested time and money.  If you believe ANYTHING spun out from the company near death then there's no hope for you.  Let me explain it in simpler terms... I80....we're broke and need a JV partner JV....we'll invest time and money to see if it's worth it I80..

[tallpaul]

Hello Metal Head Stating that I-80 is near death is an overstatement. I-80 will survive the question is how much dilution will be needed to refinance the company. It might be really onerous dilution, or maybe it will be  modest. The new CEO has brought with him a lot of his team from his tenure at Teranga Gold in west africa about 10/12 years back. Investors should read up on what Mr Young

[tallpaul]

Metalhead. I will add to my previous post by pointing out to our ceo Mr. Young, along some other mangement/board directors have made substantial stock purchases in December. That encouraged me to believe they really think they can refinance I 80 without "burning all the furniture". They may have miscalculated, and it is harder to refiance, but the fact that they have prior experience in

[metalhead666]

Ewan and others bought a ton of stock too....how'd that work out?  Just because someone buys stock doesn't mean they're smarter than previous management or you.  It's human nature to be optimistic and spin things to justify your bets. Go look at how much money Eric Sprott lost making big bets that ultimately went bust.  Pure Gold comes to mind. Insider buying is

[tallpaul]

Metahead You are correct that insider buying is not a GUARANTEE of success. But it is an INDICATOR that mangement  thinks they have a good chance of success. If insider buying was the only indicator of potential success I would be more inclined to agree with you. But when you COMBINE insider buying with the fact that a new management team has a track record of repairing mining companies with

[tallpaul]

Hi rocks Who ever brought up the joint venture plan is flogging a dead horse. Our management team told us that in their opinion the joint venture for a base metal mine would tie up I 80's limited financial resources, which would have beenn detrimental to the development of the rest of the assets (namely gold deposits). Therefore they put the JV on a VERY back burner. Whether or not 

[Ridgeback]

I agree with you Tallpaul. The past is history and the new management with their experince may pave the way to a brighter future. Speaking of future and with Nevada producing about 80% of all US gold and ranks as one of the worlds best producers of precious metals this transition period looks positive for I-80 focus on correcting past issues with planned steps. While the share price outcome may

[metalhead666]

There is NO new plan. The projects are exactly the same today as they were 6 months ago. The cost to develop them and the autoclave is exactly the same or higher. The need for money is greater thus the dilution to you bagholders will be higher. The "hub and spoke" plan feeding the roaster is exactly the same.  Your messaiah CEO is only able to shuffle the deck which contains the

[tallpaul]

Heh Metalhead There is a new plan. The new plan is to NOT pursue a JV on the base metal assets and instead concentrate on the gold assets. Also there is a on going plan to refinance the company without major dilution but it will be difficult to avoid dilution completely. You are the one who continues to take about the failed JV that was supposed to be the key for development UNDER THE PREVIOUS

[metalhead666]

I've played in this sandbox for decades. One thing you should never forget....they are all liars.  Mark Twain said a gold mine is a hole in the ground with a liar standing over it.  They all are dreamers...it's a dreamers business. It's also the worst possible business anyone could pursue. The costs are astronomical, things ALWAYS go wrong, grades and deposits rarely are what

[tallpaul]

Metal Head You should calm down, I am worried that you are going to have a heart attack. You are absolutely correct that mining, and especially gold mining is a very difficult business. That is why gold miners are a small porrtion of my overall portfolio. There are other difficult aeas to invest as well, think pharma, bio tech, regular tech, oit & gas, small caps in general. Do we eliminate

[goldstd69]

well put tallpaul...metal makes good points but I think IAU will pull the rabbitt out of the hat

[goldstd69]

many gold miners have made a liar out of Mark Twain over the decades...from Homestake to Agnico Eagle and many small and large miners in between...the idea is to find these gems amongst the others