Member Info for A_milli

"The most important thing is, this mine is fully ready, it's a shovel-ready operation," https://www.nextinsight.net/story-archive-mainmenu-60/939-2017/11851-dragon-international-to-become-the-no-1-gold-play-on-sgx

I have had time to personally gauge everything. And that is my new personal opinion. I will be taking full part in this oo Dyor

Urbancookie It gives you every reason to buy. The Easter eggs in today's rns were basically shoved down your throat. In all the misunderstandings. The best of theories on this board were correct to the T. All holders are in profit straight if they take part. Many sellers this morning apart from except the likes of RKB will rush to buy back at a loss. Today's RNS morr than confirms where this is going.

The sells shows you that a lot did not understand and will start regretting. As many believe. 1.6 Bln still has to be bought. May this be Oversubscribed and may they have to buy back on the open market. This sp will be history.

Not placing. Denby a lot of people didn't and don't understand what happened. MadChatter has explained as have a few others. If this was a placing at said price. That would be Chaos. But it's not. All holders were offered their exact holdings for over 60% less, so that the company can move forward. So all who did not sell yesterday, could have increased their holdings at peanuts to current sp. Many misunderstood. Antos cornered those toilet washers. You give to the holders at a fair price, which is around when he took 21%. If they wont take all, I'll take a certain amount more and you might get out of jail. (But I know you wont escape) People had an HOUR to digest the news. What a shame. A good thing was done today.

Havoc in this OO everyone's holdings remains the same if the take what they are entitled. Antos is clearly here to stay. He will for certain take his and keep his holding as he did in the previous. He will subscribe for more and will get it. If any are available. So everyone including him have set aside cash for this. With Antos now free and more or less in control, will he enter the market and reach his desired holdings target. Time will tell. And what will the 7% do. His option for RTO is likely not the one we are looking forward to and expect. He has no need to stick around if hes not connected to Antos and of he only came to RTO for something else. But who else will hit a TR1. Again if its Oversubscribed, PH certainly have to buy 1.6bln on the market at normal prices. I have already got 75% of funds ready. Sofas about to get a visit.

Keep the faith. When its Oversubscribed. They will have to buy 1.6bn on the open market. Well spotted. What would that do to the sp

Exactly MadChatter. We can still punish them.... but wait. Antos will likely do that for us. Fake Get out of Jail with hook and chains for solitary confinement. Public Toilet are not out of the woods yet.

Read the rns again and read the part it says "Expected Timetable of Principal Events"

Read his post again and properly. Then make up your mind

3b Armenia: Quick facts 1. Population: 3.1m. Landlocked country bordering Turkey to the west.    2. Area:  29,743 sq km (41X the size of Singapore) 3. Mining sector is one of the largest contributors to GDP and exports. In 2016, the mineral industry made up 17.9% of total industrial production.   4. Mining of metal ores accounted for around 98% of the production value in this sector.   Sources:  https://www.export.gov/article?id=Armenia-mining-sector  http://www.bbc.com/news/world-europe-17398605

3a Over the past 4 years, Coeur had been the subject of RTO attempts by Singapore listcos Albedo and Asia Pacific Strategic Investments. Asked about the non-success, Mr Richmond said appointed advisers negotiated the deals and made decisions. He himself and the adviser to the current RTO attempt were not actively involved, unlike this time around. It will take 6-9 months before the outcome of this third exercise is known but here's what's different this time:  1. There's a JORC report; 2. Mining operations would be in the hands of an experienced and large London listco; 3. There's cashflow from the sale of ore to the London listco; 4. Dragon Group's management would directly oversee the mining business while retaining its existing high growth new energy and transport (NEAT) business that is driving the electrification revolution. DGI will continue to explore and remain very active in M&A to enlarge and enhance shareholder value. Same source as in 1

Cheers RKB. One does what one has to. Atb

2. Coeur holds 80% stakes in Vayk Gold and Vardani Zartong, which in turn own mining exploration rights in Azatek Mine and Sofi Bina Mine, respectively, in Armenia. By spring 2018 (ie March), the mines are expected to start production -- without needing a massive capital raising through the RTO, said Mr Richmond.   "The most important thing is, this mine is fully ready, it's a shovel-ready operation," he said. A multi-billion dollar mining company listed in London will operate the Armenian mines, take delivery of the ore and pay Coeur Gold Armenia accordingly. The unnamed listco already has a processing plant in Armenia, which has spare capacity to process ore from Coeur's mine, said Mr Richmond. With cashflow from the sale of the ore, and possibly loans, Coeur plans to build a processing plant of its own in future. The cashflow is expected to be significant as the cost of production in Armenia is one of the lowest in the world due to established supporting infrastructure near mines, such as transport networks and electrical supply. (( Read that again)) Asked why Coeur sought a listing in Singapore, Mr Richmond said, among other things, Singapore will be a springboard for Coeur to participate in gold mining in countries such as Malaysia and Indonesia. In addition, Coeur is attracted by Singapore's aspiration to be Asia's gold trading hub. In selecting a vehicle to inject Coeur into, Mr Richmond wanted management in place which would oversee and expand the business.  For that reason, a service agreement has been written into the term sheet stipulating that Dato’ Michael Loh(photo), the chairman of Dragon Group, would serve as the Executive Chairman and CEO of the company for a minimum of 5 years from the completion date of the RTO. Same source as in 1.

1. A small listco, Dragon Group International (market cap: S$10 million), will dramatically become the largest gold play on SGX if it completes a reverse takeover of a gold mining company valued at S$500 million. TeikDragon Group, which is 41%-owned by ASTI Holdings, entered into a non-binding term sheet on 19 Oct 2017 to acquire 100% of Coeur Gold Armenia. The latter indirectly owns mining exploration rights for gold and other minerals such as silver, antimony and copper in Armenia which has a long history of gold mining (and shares borders with Turkey). The S$500 million consideration will be satisfied with $200,000 cash and the issue of 2.499 billion new Dragon shares to the vendor (photo) who will own 88% of Dragon's enlarged share capital.  The mineral deposits of the mines are not a figment of the imagination: A JORC report was recently completed by CSA Global, which is recognised by the Singapore Exchange as an independent party. ((Read this again)) The JORC report - totalling 416 pages -- will be submitted to the SGX in due course, said George Richmond, the vendor, in a recent interview with NextInsight during a visit to Singapore.  https://www.nextinsight.net/story-archive-mainmenu-60/939-2017/11851-dragon-international-to-become-the-no-1-gold-play-on-sgx

09:49 Featherbourne Well put. And many have pointed out. The work with Couer Gold is already done. Speedy RTO, no suspension. Still expect a few TR1s

Shows up. Price. Goes up.

MadChatter Antos will keep his 14% in the open offer, but note, he just took PSL for £1 and agreed not to "buy more on the open market" via the last placing effort. BOU is now his for the taking. He will want enough control over the company to get what he has been looking to do off the ground for years. Hes here to make serious profit through Couer Gold. 600k is not what he's after. I reckon PH have bent both knees to him and kissed his golden boots, to save their soul via this discount. That's ok, the discount affects him as much as it affects us and hes not going anywhere. He just paid £1 for PSL. He means business. And it's clear to the public now

Me too Countingcards I didn't buy to miss out.

Could end anywhere today. Will be interesting to watch. Blue finish? Regardless, all on this board know where this is RTO into and what's to come already. Recall this team have lost years trying to get this to happen. Full speed ahead.