Member Info for Willowman

This line may give us some hope?

Or am I simply desperate?

With Calibre and the combined Nicaraguan management team focusing on these mines and other opportunities in the country,

MTR must have seen potential in Thor's assets to take a stake. After the MOD deal MTR are now very solvent with over £20million in highly liquid Sandfire shares. They also have some great contacts.

If they still see potential in the assets perhaps they will snap them up and then bring home the deal which current management have failed to deliver. Not saying it will go that way but MTR are on the lookout for some bargains.

Is this now one such bargain?

Not sure that your opening statement is altogether accurate simms. B2 are now Calibres largest shareholder with over 28%, so they haven't quite washed their hands of the Nicaraguan assets.

Let's see what happens now.

RothRock I aren't sure that Mark intends building or operating a mine by himself, I suspect that he is bright enough to harness the expertise and experience of others.

Starting off with a smaller second-hand mill would slash the cost of getting us into production/cash flow. Centamin started off with second-hand kit. Let me think now, who could possibly help us in that department? How about our new shareholder? I don't think that he invested his money here just for kicks, I suspected that he wants a healthy return.

You seem fixed on the idea of 120million and how we are going to raise such a large sum. A flexible creative thinker will be able to come up with several possible options to unlock value from this project.

Is MC that man? Time will tell.

Presentation not interview, sorry for any confusion.

Thanks for posting the link goneawol. A very tantalizing interview, I can't help but feel that he knows much more than he is able to say. The toll refining story hasn't gone away which is very encouraging. I am much uplifted by his mention of B2 and Calibre, could that be a nod and a wink to the longsuffering share holders? Would he want to keep raking over that if it could be seen as a failure? Wouldn't he rather quietly push it into the past? Perhaps the matter is still very much ongoing!

I don't know of any gold mine that kicks off with mine life of a gazillion years. Drilling and proving up resources costs money, a lot of money, so eventually the board have to decide that they have enough to get rolling. Once producing and we have cash flow we can then drill to extend mine life.

If my memory serves me right Nyota spent 40/60 million USD proving up this resource and it broke them. I also recall that there is lots more gold at depth, time will tell.

I know that just one good drill hole doesn't make a mine, but this must qualify as a very promising start!

5.0m @ 9.8% Cu, 3.2g/t Au, 34g/t Ag & 3.1% Zn from 50m

Mtr is starting to fill me with a warm glow.

Most of you have probably heard this but for those who haven't.

https://www.proactiveinvestors.co.uk/companies/news/901652/hot-gold-corridor-and-ops-update-from-ariana-resources-901652.html

Apologies if already posted

I totally agree Wondergoals and was thinking the very same thing about a week ago. With that in mind I emailed MC to ask if the NDA was still in place to cover any ongoing discussions. As he has mentioned it several times during interviews I felt that an update was due and as it was in the public arena I couldn't see a reason for him not telling me one way or the other.

Silence, no reply.

I see that as, firstly, very rude and more significantly as a bad sign. I think that if it was still in place he would have told me in a reply, as he hasn't replied I can't help but believe that talks are over. If talks are over then I wonder if any progress is actually being made?

More than happy to be way off the mark (no pun intended).

I do hope that you don't have lots of stupid associates who are going to descend on the board and like you spout nonsense in an attempt to drive down the price.

Boring!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Ctw I agree, AIM is very dishonest market. On a positive note, once the crooks have placed their bets we can then start to fly so I see it as a positive sign.

LSE website seems to be playing up again.

Everything on my watchlist is showing red other than CNR which is blue. Clearly something wrong.

VanVan I think you are spot on with regards silver, it was one of the reasons I took a position here. I wanted exposure to the silver price but I wanted it in such a way that the company was underpinned by cash flow from gold production.

Silver is way undervalued, pure silver plays are struggling at the current price and having to resort to high grading. I feel very strongly that this situation can't continue for too much longer. Silver will have its day and the price will be much much higher, when that happens Ariana will be a good place to be. In the meantime we are doing well with gold production and Ariana is a good place place to be.

Thanks for posting the link Twogoals.

Very positive and encouraging interview, it has greatly bolstered my confidence in HUM.

This was posted on the Metal Tiger board, very interesting and mysterious. Anyone know anything about this?

Sandfire Resources’ bid to enter the African copper sector could be open to competition, with the underbidders on its $167 million offer for MOD Resources said to be looking at trumping the Australian miner’s 45c cash and scrip bid.

MOD’s board signed off on the Sandfire bid in June, in the absence of a better offer, but rivals pipped at the post by the Karl Simich-led copper explorer are believed to be considering a return to the table when the independent expert’s report on the transaction is released to the market this month.

Industry sources say the most likely candidate is London-listed Atalaya Mining, said to be keen to add African exposure to its Spanish copper projects.

Atalaya put itself on the market late last year but no deal materialised. In June it added London-based advisory firm Peel Hunt to its brokers, ahead of a potential trip to the market to raise cash for an acquisition.

I thought the same thing Geovanni, part cash/part equity buy out of Condor. I like the idea of that as long as the terms are reasonable. Would be good to hold an interest in the project whilst an experienced hungry team took it forward.

As far we are aware the NDA is still in place so presumably Mark is having talks with someone about something that is commercially sensitive. We have a lot of gold, we potentially have much more, we are very cheap and way undervalued. Would an ambitious, experienced team operating just down the road let this opportunity slip through their hands? I don't think so.

I don't blame you. Harry is like the worst kind of greasy second-hand car dealer, this will go nowhere whilst he is in control. Kick him out and put someone in charge who knows what they are doing, someone with a history of of getting things done other than BS!

Thanks for that goneawol.

That would seem to leave about $36 million US

Just reread it and then reread it again. Purchase price is $100 million US, a mix of shares, cash and convertible debenture. They are raising $100 million Canadian which is about $76 million US. So do Calibra already have some cash to spend? What is the value of the equity componant? How much is the convertible debenture for? If all of those elements add up to only $24 million US then only this deal is covered. If they add up to more then will there be a war chest?

What I am trying to determine is whether there will be a pile of cash left?

Also like the last of the transactional highlights:

"Execution of a gold consolidation strategy: The acquisition establishes a producing platform to continue to acquire quality gold production assets and development opportunities. Shareholders will be well-positioned to participate in future value creation and growth opportunities".