Member Info for ConMan94

They haven't drilled it since AA pulled out. Sitting there atm noncore.

So by 2030 we could be doing 350koz+ (aueq)

150koz nic

100k - Reused Runruno

100koz Botang

Great news. The leak to Sky News suggests could be in production within 3 years. 3 mines by mid 2029-2030, yes please!

Steady as she goes. Assume we're in a net cash position by now. Now it's cash build until they get on with plant expansion.

Agreed MM. Unless they've had conversations with debt providers and feel they can run a dividend and get the debt they need which in all honesty, id be surprised if they couldn't.

And to add to that, we're likely to get come colour on the plant expansion and license update. hopefully positive on both.

Facts is in 8 months we'll be producing from La India and the SP will be a lot higher. Main thing is does the company have the funds to finish its capex bill, and it quite clearly does. Just need gold not to collapse.

Who is giving a loss making mine a loan in a country with an active war, repeated energy disruptions and a constant threat of bankruptcy until the war ends? Imagine the interest rate that would be required. Great suggestion pal.

Thanks for posting. Ridiculous comments to dismiss the post.

My take:

We all know Nicaragua is a tough place to do business and the USA is applying pressure on the regime. This is why MTL got condor at such a good price and one of the reasons MTL remains discounted relative to its peers.

This is just par for the course of being in Nicaragua. However things like this are exactly why the runruno plant will be going nowhere near Nicaragua and exactly why an acquisition will be made. The company simply cannot be a single asset producer in Nicaragua.

Humility? I simply started this whole conversation off talking about an acquisition that was based off ceo comments and you said that people like me are dreaming and emotionally invested. Maybe take a look in the mirror. I note you've not acknowledged the quote from Darren either.

Disclaimer: I have no insider knowledge and my posts on here are influenced by the comments on the company CEO.

Major, it's a forum and you want posters to start putting disclaimers that their posts are opinions and not inside knowledge?

That's right everyone, every time you state your opinion about anything to do with the company's future, you must declare that it's an opinion and not fact/inside knowledge so Major doesn't get confused.

Okay, Electric Lion didn't say we're not getting an acquisition, but they did say that I made "unwarranted assumptions" Re: acquisition, which I've now provided the direct quote from the CEO :) Happy now?

You said I made unwarranted assumptions. I've just given you a direct quote from the CEO himself. I'm being told by you, sakura and Major that this isn't happening and that it's all "unwarranted" (your quote) and that "dreamers and emotionally invested LTHs posting making unfounded claims". (Major's quote)

I've now shown directly where I'm getting my belief from so I expect you to challenge my view based on my evidence, which is the CEO. I await your rebuttal.

"we've got enough in our back pocket, we are looking further afield. We've got a plant in Runruno we're currently planning to break that down and move and we've got a couple of targets we can move it to, and we're working hard to get those targets in our portfolio in the next three months so we can come to the market and show them a plan for the plant by 2028." Darren Bowden, Crux Investor.

But don't worry guys, Major, Sakura and Electric Lion tell us all that we're not getting an acquisition and that our claims are unfounded.

I mean, Darren literally told us an acquisition is on the way but I'm supposed to not believe him and instead believe some guy on a forum who reckons we're going to sell a massive processing plant in the middle of a generation gold bull run, honestly are you guys ok?

Another one that believes we're going to leave a 2mpta plant as an ornament. Hilarious

Why won't there be an acquisition?

Acquisition incoming soon. Then we officially begin our path to 250k+oz pa by 2029. Looking at over $800m in operational cash flow. $500m+ FCF.

They're not going to move the plant to Nicaragua. No company with competent management is going to have a 100% nic focused company. They'll buy a shovel ready project in east asia somewhere imo. Shame about the Philippines because it's clear Darren really wanted to keep the staff on but there's only so much he can do before he has to move. People talking about going to Australia are just completely not understanding the direction of the company. The company doesn't have the money to buy a resource in a tier 1 location. Darren alluded to this in his recent Crux interview "we are willing to go to places that others may not" aka, we're going into another suspect jurisdiction. I have no issues with this personally, as I've managed my holding accordingly.

I've already said when the Dupax news came out that's the end of us in the Philippines. Let's move the plant somewhere that people want it.