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Got a quick reply to my question about the buyout and the implications for Oriole

Shareholders don't know all the implications of this news yet but I know the Oriole directors are very happy and have been waiting a while for the buyout to happen.

The buyout of IAMGOLD is very positive and I know the ORR directors are very pleased with the news

I just watched the video which was very useful in detailing costs and confirms the ballpark price for the ore in the article I posted recently. The margins are insanely high so looking forward to seeing production commence early in the new year

I just watched the video which was very useful in detailing costs and confirms the ballpark price for the ore in the article I posted recently. The margins are insanely high so looking forward to seeing production commence early in the new year

As Managem just bought the assets it will be keen to make progress on Boto and Senala.
IAG was too distracted with trying to build a large mine in Ontario. It might even lead to a buyout of Oriole's percentage of the Senala licence

Today's IAMgold news should help to lift the share price

Very approximately, how many tonnes are they likely to process per day for the initial DSO operation?

Core lithium recently sold spodumene DSO with an average grade of just 1.4% for US$951/t. Insane prices.
To put that in context a tone of gold ore at a grade of 1g/t sells for around $35/tonne

Here's an article about lithium DSO projects where mining companies sell unprocessed ore
https://www.google.com/amp/s/stockhead.com.au/resources/cash-is-king-this-is-how-advanced-asx-explorers-are-aiming-to-profit-while-lithium-demand-is-insatiable/%3famp

You have to read the finance deal just announced by TNT https://www.investegate.co.uk/tintra-plc--tnt-/rns/us-10-000-000-placement-facility/202212160730019197J/

The terms are pretty much identical to the RRR deal announced yesterday. Note how they have changed the company name
of the provider to make it look like they are industry specialist investors - 'metals' in the case of RRR and 'Fintech' in the case of TNT. This name change and the attempt to make it look like a massive premium is a complete spoof to try and fool private investors. They are trying to mug us all off and my advice is to stear clear of any company using these facilities as the most likely outcome is a complete destruction of the share price.

The terms of the finance facility just announced by TNT are almost identical to the terms announced by RRR yesterday. These death spiral facilities seem to be popping up more frequently now as it's very difficult to get regular placings away and are a last resort taken by directors.
It's worth comparing the terms here: https://www.investegate.co.uk/red-rock-resources--rrr-/rns/fund-raising/202212150700047617J/

They probably couldn't get a placing done. Debt on these terms is far riskier than an equity raise as it can lead to insolvency if the company can't generate enough free cashflow to repay it

Those are probably the worst loan terms I've seen on AIM. Try finding a worse deal and post the terms

To achieve the 24% interest rate on the loan the company had to give security over the company assets, a personal guarantee from a director and dish out 3million 7p warrants. Only a company on the verge of bankruptcy would agree to those onerous terms

Actually, what I thought was impressive is the 2% interest rate per month being charged on the $500k loan. So that's 24% per annum. Now that is impressive!

£90k impressive?

It looks like the subscriber is already trying to sell shares into the market as there's millions available to buy on the ask but it's NT to sell so the market makers don't want to take any shares

I assume this type of deal was the only option in the current environment although it will likely result in a slide in the share price. A normal placing would have required a large discount and could possibly have been done but at 0.2p or 0.25p perhaps

CRCL bounced strongly yesterday after it announced a placing at a 95% premium