Member Info for raxfactor

Because imo the share price has been walked down to ridiculous levels his bid on paper looks reasonable when comparing to the level we were trading but he knew to build a mine of this magnitude and mine life would take at least $1B+ from a brownfield site and let's not forget the workforce required to operate the mine, so if he and his colleagues could pull off a deal at the price he offered it was steal and he knew it, as I stated before Kenmare does have a moat around it preventing others from entering you need a lot of money to get into the space he was trying to do it on the cheap and rightly got rebuffed.

Even though the sp doesn't reflect what we have here once the upgrades efficiencies and moves have been completed Kenmare will have a fantastic business we just need patience, as I have stated previously our first WCP move could have financed from fcf, in fact from memory that was the plan, only MC went on to waste money on tender offers/ buy backs then later burden the company with debt.

$312m to develop the mine

I would run the rule over this company the mcap is about right and everything else is in place just comes down to wether the country is a good fit.

Adventus Mining Corp. (TSX-V: ADZN | OTCQX: ADVZF)**

* **Project:** Curipamba El Domo Project (Ecuador) - High-Grade VMS.

* **Metals:** **Copper, Zinc, Gold, Silver, Lead.**

* **Stage:** Feasibility Study complete (2023). Key permits granted (2024). Construction decision pending financing.

* **Market Cap:** ~CAD $150M (**~USD $110M**).

* **Key Point:** Construction-ready, high-margin project with strong economics. *Jurisdiction (Ecuador) carries higher sovereign risk than USA/Canada.*

You only have rewind back to when MC was in latter stages of leadership and asked that very question what's KMR worth he smiled and said along the line if you had to build the mine from scratch today it would cost over $1B, for once I don't think he was spinning a tale, think about it from brown field site to working mine, the PFS, permitting then design ordering of equipment lead times etc and inflation costs, there is definitely a moat around Kenmares operations that limits new comers they need a big wad of cash.

This bidding war looks like it's going to rumble on

The offer price under Kinterra’s Takeover OƯer has increased to $0.066 per share, or $0.067 per share if Kinterra’s relevant interest in New World shares exceeds 30% by 5pm (AEST) on 24 July 2025.Kinterra’s Takeover OƯer is now unconditional.The New World Board has assessed the Kinterra Takeover OƯer and has determined that it may reasonably be expected to lead to a Superior Proposal compared to the $0.065 per share takeover oƯer from Central Asia Metals Plc (LON: CAML) (“CAML”).New World has today issued a notice to CAML under the matching rights regime in the CAML Bid Implementation Deed, which gives CAML 5 business days to match the Kinterra Takeover OƯer, expiring at 5:00pm (Sydney time) on 24 July 2025.The New World Board advises shareholders to TAKE NO ACTION in relation to the Kinterra Takeover Offer until they receive further advice from the New World Board. Until CAML has had an opportunity to match the Kinterra Takeover OƯer, the New World Directors maintain their existing recommendation in favour of the CAML takeover.

Impairment charge can indirectly reduce market capitalization. An impairment charge, which reflects a decrease in the value of an asset, is recorded on the balance sheet and reduces a company's net assets. This reduction in net assets can negatively impact investor sentiment, potentially leading to a decrease in the company's stock price and, consequently, its market capitalization.

I am pleased they didn't do this before the bid was on the table it would of made the cheekyoffer look even better, thankful for small mercies.

So which one of these was the cause

Impairment can be triggered by various factors, such as physical damage, obsolescence, changes in market conditions, or poor performance of the asset.

In the statement the company says they have had steady prices and demand so great that they cannot keep up with the incoming orders.

It's just typical KMR a decent update clouded with downside I thought we had left all that nonsense behind when MC departed.

Hi M1Rob are you sure you are posting on the right board?

This is your usual mantra over at AXL, I am sure all have received your insight that some wells do in fact decline thanks for the heads up.

Always nice to see managements expectations exceeded good reflection on the workforce it can't be easy working in a goldmine.

Hi shareminator, ex holder of SLP held on rise up then sold after it started to decline but was happy to hold THS due to Chrome exposure plus a few interesting side lines on the battery front if they come good.

As for VALT no, building mines is never easy to many variables until production, main one being no production so no cash generation this being at the mercy of timelines being hit anything unexpected probably means going back to investors for more cash, more than likely more than once, then comes the statement we are fully funded to full ramp up production, then they are not ref ADT1 although for them it worked out okay in the end.

Will out of interest see what happens there.

I thought I would what the first phase would be ramping up to

Cu 25,000 tonnes

Ag 800,000 ozs

Au 5000ozs

Mo 200 - 300 tonnes

My research happy to put right if assumptions are wrong

$238m 24 month build time to production which is probably optimistic

Permit requirements for the aquifer protection and air quality permit outstanding

Possible risks are supply chain/inflation costs could cause a delay or unforeseen ground conditions, which happened at ADT1 not necessarily the same but just issues that were glossed over in the PFS

So in conclusion this mine can reasonably come into production sometime in 2028 considering we are five months to the end of 2025.

Which linked to Kounrad which can continue to produce at current levels slightly beyond these timescales by a couple of years as a cash generator to assist the financial burden.

Good ore grades, guidance maintained, net cash position increases to €70m, consistent mining and processing all backed with a rising cu price, even if we didn't hit the highs of the last update.

More commentary to read from Upstream.

Arrow lifts output in Colombia with four new wells online | Upstream https://share.google/hymoQRf4BICbMcdXY

We know your opinions M1Rob stop spamming the board.

I see Zues Capital has released a broker note with recommendation buy, and no they are not paid by Arrow.

Infrastructure needs building before you can start drilling, does someone else provide this free gratis for the company of course not it has to paid for that could be one reason for the reduction in cash, then there the drilling perhaps that has additional costs until it's all explained it's hard to pin point, on the plus side production is increasing and the company is debt free, bargain basement territory is my assessment fwiw, disappointing reaction from the market.

Happy with the update, acquisitions to complete in late H2 will add extra revenue and net debt of $15m moving to net cash of $19.9m due to lifting after July 1st company growth and revenue growth prospects for the company looking good.

Nice suprise with that news of an improvement in the cash balance due to missing some cash held on deposit usually when news of this type it's the other way round, we forgot about this payment which was due to a creditor and we haven't budgeted for it.

I will take that on the back of our improving fundamentals.

Maybe some positive news flow about to break regarding recent activities and how things are progressing obviously positively with today's rise which has been steady since the lows of April.