Member Info for Moneymaker2015

I’m glad you’ve said that Keith. I read it and thought: it sounds like they don’t actually have a clue whether it’s positive or negative. I didn’t know if I just misunderstood the news.

Whilst the news is positive, unfortunately it just doesn’t tell us anything valuable, mainly, what the next stage is I.e. are they now planning to explore the resource for the next few years and achieve a JORC, will it be sold in the near term, will they go into production as was the original plan…

I wonder if after a dreadful 2021, 2022 may be the turning point for MNRG..?

Agreed, my anticipation is that shareholders would likely get in the region of the current mcap back as a dividend in a few years time.

Whilst I personally believe KM is worth considerably more than the offer value, given the current and likely future geo-political issues, the asset isn’t as attractive as it was even 3-months ago. Future sanctions and tensions may make it considerably less attractive going forward also.

At the moment, unfortunately, without having an alternative buyer lined-up the BoD have the weaker hand in any negotiations. Keep in mind, the buyer can reduce its offer or walk away at any time. Should that happen, AMC leaves itself open to more low-ball offers as desperation for a sale sets in.

Ultimately, no one knows how this will pan out. In terms of risk management though, a no-sale is much higher risk to investors.

I’m fortunate that I’m in a position to be able to hold these for a few more years. The proof of concept at Kochang will be huge, then upscaling production and bring Gubong online thereafter should also have a big impact on the mcap. Our long wait already may have been worth it!

As it should.

It has to be “anticipated” as they can’t guarantee a payout until they have the funds available and aren’t required elsewhere at the time.

The 2nd and 3rd payments total $60m, so it would inevitably be “portions of”. I’d like to think no shareholders would be naive enough to assume the full sum would be paid as a dividend. The company will need funds going forward to progress future assets.

Nice positive update. Good to see the licence is available for 20-years too (if required).

I’m happy to hear they’re getting in a Director to manage the projects too. Whilst CP and CB are very knowledgeable, we need some “fresh meat” to be on the ground daily and whilst AB is younger, unfortunately he doesn’t have the expertise to do it.

Given that the production concept is due to be done this year, I imagine there’s going to be significant news flow over the next 6-months.

I’m intrigued to know how long the BoD are going to be out there for. Considering it’s been over two years since they’ve been out there and there’s been little to no stakeholder engagement, there’s a lot of work to do and people to see. As you say JC, 8 months is not very long at all in the grand scheme of things.

Capt, I’ve been thinking the same thing. Batangas has had over $20m spent on it in exploration and has a 445,000oz JORC. It’s a very good asset to have (provided the Philippines pulls its finger out and makes a U-turn on its mining policy).

Roger, you’ve got to keep in mind that sanctions have yet to have full impact on Russia economically and there are various proposals being discussed to reduce reliance on Russian resources going forward. Waiting 12-24 months could mean assets in Russia are even less attractive than they are now.

Unfortunately, we’re in the unfortunate position of either accepting this less than favourable (but still positive) deal or gambling in the hope for a better outcome.

You’ve got to remember that the the company will have $25m within 10 months of the SPA. That’s a considerable sum to acquire and develop another project elsewhere. AMC cannot and will not take Kun-Manie any further itself. Holding on to it does have a dilutive risk, as the company needs funds to “keep the lights on”. Plus, with the current geo-political issues, Kun-Manie isn’t as attractive as it may have been 6-months ago.

Whilst the structure of the deal isn’t great, it’s still a positive one. You down want to cut your nose off to spite your face by voting down the deal.

I personally won’t be voting as I’m on the fence about it, but I do feel that voting it down poses a high level of risk, just on the pure hope that something better comes along.

AP’s interview afterwards would have had a positive impact also. He reiterated a number of times that revenue is going to increase considerably in Q2 and even more so in Q3.

Given the size of Atlas’ current holding and further potential holding I’d be surprised if it were to cash-in anytime soon. It has the potential to make a very healthy sum later down the line. Plus, it exercised conversion of a decent number of shares at a higher price than the current share price. Selling-up due to any profit from todays rise would be false economy.

That will be a tidy little profit, even if they sold-out at 3p.

In relation to the announcement, there’s definitely a few positives, obviously the first being that the funds have been disbursed. I particularly like that the strategy hasn’t changed from that planned over the years: They’re planning to commence at Kochang and grow organically, the ore remnants is to be stockpiled (at 4g/t is very good grade too considering it’s just lying around) and they still plan on using local contractors to clear-up the adit.

It’s good to see they BoD planning to visit the key stakeholders too. 3-years ago the government and locals welcomed the projects and I see no reason why that would have changed. The courtesy of liaising with them again first though goes a hell of a long way in terms of reception once work commences.

Once Proof of Concept is announced, I think they’ll be quite a few heads turning in SK’s direction given the number of old mines it has. Hopefully BMV can get its hands on a few other mines before the crowd comes along.

Surprised at the 10% drop given this is a positive update. Nice to see the project is likely to be commercially viable. Now just a case of patience with this one.

Agreed, this near 30% drop is a little drastic. The CAPEX remains low, the payback period remains short and the IRR remains high.

I’ll just be sitting tight on this one.

Yes, SAU agreed to sell 50M shares for A$870,0OO as a condition of the new investment package, whilst also agreeing to lock-in their remaining 150M shares. Only thing it’s not clear on is whether SAU selling its 50M shares is so there’s 50M less dilution from the funding package or if it’s just purely to reduce the size of SAU’s holding in BMV.

It will be a very welcoming day when we get confirmation that work has commenced on site. It’s nice to see that this alternative funding is sufficient to get Kochang up at running. Makes me wonder if the Auric funding will be used to speed things up at Gubong.

The main thing is the company plan to “accelerate towards gold production in 2022”. Given we’re nearly 1/3 of the way through the year, things should move at pace once it’s all finalised. Your “ This will multi bag imo this year” may well come true.

Even if all the options were to be exercised, BMV’s issued share capital will still be fairly low in comparison to many other producers. The main thing is that the finance is being received imminently, allowing things to finally move forward.

Plus, if the funding provider sells the shares over the next 12 months “the Company will benefit further from a share of 50% of the proceeds that such shares are sold”, so could be much worse.

It’s going to be interesting to see how this one pans out. Given the value of the claim at its lower end, as you say oldschool a rerate must surely be in order. Even if PFP got as little as £3m, that would give the company an amount in cash equal to its mcap. I’d like to think any agreed acquisition value would be higher than £3m too!

Just seen BMV near the top of the risers board and that the sp is now 2.5p too!

Nice little read this announcement, especially “the Company to advance to initial gold production in 2022”. Considering we’re near 1/3 through the year, it won’t be long at all until BMV is producing and with some very good anticipates margins too.

Things are definitely looking up. Dare I say the “hiatus” may have been worth it if going forward things do go to plan.

Well at least now it’s all complete. Only 12 months until production too.