The information on this Website is not reliable and not intended to provide tax, legal, or investment advice. Nothing contained on the Website shall be considered a recommendation, solicitation, or offer to buy or sell a security to any person in any jurisdiction.
CEO.CA members discuss high-risk penny stocks which can lose their entire value. Only risk what you can afford to lose.
@lukejacksontim warman said dozens of times that they were looking to bring in development assets. This just didn't turn out to be in SA. Frankly if this was just an exploration company it was a very expensive one. So use your shares to bring in 3 assets, one pouring gold, with a runway to 100+k ounces of production, no debt and roughly $100 million market cap... all of a sudden it's a good buy...
@lukejacksonI hear you if you were surprised by the shift I was toobut the risk profile just dropped and lots of blue sky and leverage to the price of gold. If they can drive this to 250,000 ounces of production what's that worth? Drill enough to put solid resources on the 2 properties and this upfront dilution may be all you pay for the forseeable future. This move sucks if you're a trader of the name but I think awesome for long term value creation.
@lukejackson"Following completion of the Transaction, but excluding the Concurrent Financing, it is expected that Fiore shareholders will own approximately one third of Fiore Gold, with GRP shareholders owning two thirds of Fiore Gold."
@lukejacksonLol value creation in that you have an operating mine instead of a drill play and 4 million ounces of gold right now. A platform to build 75,000 ounces of production in the short term and 150,000-250,000 ounces in the medium to long term. And my cost basis is currently quite high here. I was in the $.55. I was not in this story for a drill play though.
anonymousCurious as to what this opens up at when trading begins. Like @lukejackson said now they have a producing mine and a decent exploration portfolio with their assets in chile to grow. Certainly takes a lot of risk off the table. The .305 cent financing is still above the .26 cent initial round financing. Big money and names in this one. The .305 will likely be filled quickly by the insiders so my expectation is this trades around 40 cents until people get their head around this deal that in my opinion is actually very positive for the name. $F
@lukejackson"Based on the computational capacity of the first Data Centre, the historical prices, and required hash rates, and using a mine and immediately sell strategy, the trailing 12 month EBITDA would have been approximately US$7 million."
@lukejacksonNear surface sampling of above 30% Zinc, some lead and 200+ grams silver. 30ish million shares out before the raise. They'll do another 30 in the financing @.50. $30 million post money valuation with $15 million in cash. Mexico. The old Ayubowan Capital shell. Don't know about size potential yet but sounds interesting and like Mark & crew were waiting for the "right deal" - all from memory I don't have the deck on me.