Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Roxi, the government/ministry of mines won't just let us sit on this. Concession permits will be up for renewal, the government want to see foreign investment coming into country. We can't just sit around for years and years waiting.
DDD, although the US sanctions doesn't impact on us directly, I think the indirect effects are enough to impact our ability to raise the money for the mine build.
That's a fair point Frenchie. The lack of information has not helped the share price one bit.
Https://www.nasdaq.com/articles/australias-tietto-minerals-gets-$399-mln-buyout-bid-from-zhaojin-mining-shares-soar
Zhaojin mining again doing M&A. $400m USD on a producing mine of around 105-120,000oz, around 3.5m Oz deposit. Not looked at it any deeper.
Seingred, if a reasonable offer doesn't come in, we'll have to put up a small plant and crack on. As far as I'm aware, Randy Martin is still a shareholder and may have some contacts/experience in this.
Simms, I'm not too sure on a deal this month. However, I would be narked off if there is no deal/offer on the table by the 1 year anniversary. So basically, I think I'm going to be narked off lol.
Sakura, from MC. That is the advice from the investment bank hannam and partners. Although annoying as we've no idea how long this will take, I am reassured by the confidence of a sale which marries all the communications that the board has given recently. I don't know anymore.
The company has been advised not to set a timetable and the board is still very confident of a sale.
This was from a while ago.
Calibre buying B2 gold's assets shows that another company can extract/improve the value of that asset which is good in our eyes. B2 now retain 25% which is now worth $100m. Pretty sure they were paid $50m in shares by calibre and $50m cash.
Seingred, let's not forget that the B2 gold's assets were not 'loved' by B2 gold and they used these assets to build on their much bigger project in Africa. Remember la libertad was effectively heading to closure.
We are pretty much in the same gold belt as el limon who mine is only something like 20-30km away (from memory).
We also need to be reminded of the land package we have. El limon has produced over 3m Oz on a 300sqkm land package and they continue to find gold. We have a 600sqkm land package and we haven't even scratched the surface. 4-5m oz is likely very achievable here.
Https://www.goldforumamericas.com/company-session/3024/
Think you watch for live for free, otherwise there is a cost.
It makes me think a sale is more likely that us going it alone.
Seingred, I sold out of calibre to buy a car. Did well out of it, sold around early May and was up roughly 50% at the time. Just good timing with that one tbh and I needed the money at the time. Not bought any since.
Https://www.kereport.com/2023/08/22/calibre-mining-q2-operations-reported-robust-free-cash-flow-a-third-consecutive-record-gold-production-quarter-a-133-increase-in-earnings-per-share-and-32-increase-in-cash-on-hand/
Around 14:40 ish Ryan king of calibre says they are really excited about the Buena vista concession which is adjacent to our land packages (from my understanding) and they will start drilling there this year.
This was posted 4 hours ago on the Mina la India Facebook page.
https://m.facebook.com/story.php?story_fbid=pfbid02f9NebazjHxqdceBvHVVZr88pxLAEZ8ayjayU69AkbzkU1dc6NnPaPrCxSD4ZeWThl&id=100041636509307
Unlikely to be any relevance at all but there is one picture of a condor gold employee (assume so as has the jacket on) with some prizes and one of those being a calibre mining mug. Most likely left over from other events that have been organised in the mining sector.
I really don't see why many are selling at this price and at this stage of the process. Surely a deal will be done by the end of this year.