Member Info for ConMan94

Market cap is not really suggesting the financing is incoming? Do we think a full takeover or project takeover could be on the cards? Could be a nice payday for SHs

Course there's a seller lol. You can see the dumps in the trades. Question is why. Do they know something we don't or do they just want their cash, but if they just want their cash, why are they crashing the SP, are they distressed?

Searching for anything negative but can't see anything so far. Suggests a seller but will continue to search.

I think some people might sell because of geo risk. The trump admin has been hostile towards Nicaragua and they way he's moving there is obviously a risk there. This is why it's so important for DB to get this 2nd asset in the portfolio asap. I personally don't think anything will happen and it's a good buying opportunity however, risk remains & some people will just chose one of the other hundreds of undervalued gold production companies.

$130m in FCF @75 brent the CFO just said on the conference call. Brent currently at 81. Market cap $241. Debt was never the issue, liquidty was, and that's now been resolved. Debts due as follows:

2026: $52M

2027: $29m

2028: $26m

2029: $106m

2030: $71m

2031: $332m (Will be refinanced)

Cash available now: $137m Generating over $400k FCF each day right now with these prices.

KOS has the GTA field its not the same.

They're sat on a 60 year resource with another one being permitted right now with gold mooning. They'd have to be the most stupid people on the planet, or corrupt to sell now unless the bid was ridiculous.

Sag back to $2 a share.

What do you know aye? Assays out 5 more to come

https://www.juniorminingnetwork.com/junior-miner-news/press-releases/1063-tsx-venture/sag/198371-sterling-metals-expands-meps-discovery-confirming-400m-of-east-west-strike.html

Assays on the way, might get them today. Matt Wilson said on the podcast that they're on the way. sounds like he's had a nod from the lab.

Oh, fair enough. Onwards and upwards!

Bit mad to accuse someone of plagiarism when it's a summary article. But hey, this is LSE and it's full of weird folk.

Excuse me?

Https://proresearcher.substack.com/p/acquisition-incoming-metals-exploration?r=22ofay

How is it a distraction? Darren isn't in Nicaragua building the plant himself. We have more than enough money and future cash flows to fund La India. I imagine a FID on the new acquisition wouldn't be made until Q1 2027 to allow La India cash flows to come in unless they secure some debt finance or raise some equity.

@SurreyNot123 how on earth aren't you convinced that an acquisition is the way to go when we have a fully paid for plant ready to go. We acquire a company/project and we can move instantly with a low capex i.e. transporting the plant and possible plant mods. Probably looking at $200m all in or less all through treasury shares and FCF and we'll be producing 225koz au + from 2028/29 and be diversified to two locations. Stunning how you're not convinced.

CEO Matt Wilson just said they're expecting their copper assays soon. If these are good the stock could pop and increase the holding of CHF's 400k sterling shares. Sterling previously hit $3.

Best of luck S&R. Maybe you're right about the Nic geo risk. However don't forget that SRB currently does not have a full mining permit for its coringa mine and has been trying to obtain this for over 5 years. Trial license ends in less than 12 months as it stands.

CM That's a shout. I've done some research on Wilton today. Interestingly they also have refractory ore where our BIOX system would be used. From what I can see I think they're only mining the oxides at the moment. Their website is awful so it's difficult to see. Looks like the mine plan is underground then ends with an open pit according to the JORC report. However from the JORC report the mine plan suggests only 800ktonnes pa of material. This is a lot less than what Runruno plant can handle. Unless they can amend the plan or add more resources into the plan it doesn't look big enough.

Bizarre conversation let's leave it there.