Member Info for 28jaczar01

They are trades from yesterday. The late afternoon one at 8.5p looks to have been a buy. The other earlier one not sure……

It’s becoming like Groundhog Day. Both parties still not saying the key “best and final offer” words so it just keeps going….

From yesterday.

ADVENTUS was already taken over in 2024 by Silvercorp (SVM) on TSX (I had a small holding).

The development of their Ecuador copper mine is now ongoing.

So it’s not available for CAML to purchase.

The way seller is now heavy dumping they likely want to be out by close of play this week.

Not many stocks double in share price within a two month period whilst remaining completely under the retail sector’s radar. MMs have been doing a lovely job for the ongoing big buyer. Sooner or later it will surely get noticed…..

The SP action today points towards the upcoming placing being done at circa 0.0035 AUD which equates to 0.17p (matches with 50% of the price of the last placing).

Australian based assets are a double edged sword. Whilst deemed one of the best jurisdictions for safe mining, the costs borne for labour, equipment, etc are amongst the highest worldwide. Makes it hard for funding of junior explorers.

Previous 0.5p placing investor perhaps paving their way for doing a re-investment shortly ?

https://www.lse.co.uk/rns/divestment-of-oxford-biodynamics-position-1a3ik3uehbt830w.html

Timing of this drill results RNS will have caught out many (especially the traders) who would have expected a few more weeks to wait since the last RNS where they outlined their strategic plans.

As illustrated in this article, the Company burned thru circa 1 million per month as stated in their last interim reporting and at 3.5 months ago they had just over 4 million left in the bank. Doing the math they likely need fresh financing sorted within the coming weeks to continue as a going concern. If your Mgt do you take advantage of SP pump or not ? It’s a no brainer really.

CAML offer raised to 0.65 AUD as reported in Oz…..RNS will likely land at 7am.

It’s from yesterday (14th) and being notified today (15th)…..a very minor holdings change anyway.

Jim Cramer….lol

Turner Pope (OMI joint broker) has just issued a research note following todays RNS. It’s copyrighted so cannot link it here but will provide a few interesting quotes from it as below that expand some aspects well upon the RNS contents :-

“…..it appears amenable to rapid, cheap construction and profitability.”

“In Colombia, the granting of an amendable mine construction permit requires formal submission of a compliant resource estimate and a detailed Programa de Trabajo y Obras (PTO or Plan of Works), which can be accelerated somewhat through use of third-party toll treating that eliminates an otherwise sensitive tailings issue.”

“Based on current gold prices and typical direct on and off-site costings (incl. transportation, processing, etc) an estimated gross margin in excess of US$2000/oz is not unrealistic.”

“….very real opportunity for Orosur to move to Au production and generate positive cash flow in less than three years from now.”

“Given the value the current team has created in the eight months since regaining 100% control of the Project from MMA, it is a reasonable bet that investors will be willing to back its much larger mining ambitions both there and at El Pantano, either of which could eventually dwarf PEPAS findings.”

Lots of recent chat about there being a potential break fee in place and it’s future influence….. just to give an ongoing same industry sector example elsewhere on LSE which is CAML currently ongoing with a transaction for an Australian listed Company with a similar order of magnitude transaction value to the ongoing SA situation we have here and for the CAML arrangement the break fee is set at 1% of the transaction value. So if it were a similar % break fee situation here as could be envisaged then it’s practically negligible in the grand scheme of things and should not be a key factor in path forward decision making by Mgt / Shareholders.

100 people each trading 1 million = 100 million which is 10% (not 0.1%) of 1000 million……just saying.

With todays news it’s a clear message to the market that Mgt are actively pulling on all the necessary levers to avoid dilution at current depressed SP levels. It’s all about providing the necessary runway for the Anglo JV to successfully play out.

YES

It’s near term cash in new settlement versus long long long awaited shares in the previous arrangement. Deals involving shares typically involve a lengthy lock-in period that prevents their prompt selling to monetise. Whilst shares remain locked you are at risk of significant open market depletion in their value and even a worst case scenario of them becoming worthless.

“Bird in the hand is worth two in the Bush” as the saying goes…..

Is it Friday cob yet?

As a UAE resident I can tell you there is nothing jolly about visiting here in July when it’s up over 100 degF.

If they do need to come here they will want to be in & out asap with the deal getting done.

Imminent we hope.