Developer -- die Suche nach Alpha

    Contango ORE Enters Into Project Finance Mandate With ING and Macquarie to Fund the Construction of Its Share of the Manh Choh Gold Project Alongside JV Partner Kinross Gold

    https://www.businesswire.com/news/home/20230316005752/en/
    HOUSTON--(BUSINESS WIRE)--Contango ORE, Inc. (“CORE,” “Contango” or the “Company”) (NYSE American: CTGO) is pleased to announce that it has entered into an agreement with ING CAPITAL LLC (“ING”) and Macquarie to arrange a US$70 million senior secured loan facility to fund its portion of the pre-production construction and working capital/operating expenditures for the Peak Gold Joint Venture (“PGJV”), owner of the Manh Choh gold project in Alaska. The project has received the federal permits needed for road construction and early work construction has already commenced. First gold production is expected in the second half of 2024.
    Highlights

    • Contango is the 30% owner and JV partner with a subsidiary of Kinross Gold Corporation (70% owner and manager) of PGJV which owns the Manh Choh gold project on land leased from the Tetlin Tribe within its 675,000 acres fee simple land package. Independently, the Company also owns the Lucky Shot gold project which it is actively exploring and developing. In addition, Contango owns the mineral rights to 137,000 acres of Alaskan state mining claims in the prolific Tintina Gold Belt north of the PGJV lands.
    • Manh Choh is a high grade, 8g/t gold equivalent open pit gold project. Run-of-mine ore will be transported from the mine site to Kinross’s already operating Fort Knox processing facility near Fairbanks, Alaska.
    • Contango has received significant interest from banks and alternative lenders to provide financing for its share of the Manh Choh project.
    • Three potential lenders were chosen for the final round, and each performed independent due diligence and visited the mine site with their technical consultants prior to providing detailed term sheets.
    • ING and Macquarie were selected and have now signed an exclusive mandate with Contango to provide US$70mm senior secured loan facility to fund the Company’s portion of pre-production capital requirements.
    • The Facility is subject to final documentation, customary final diligence and credit approvals by the Lenders. The transaction is expected to close in April 2023.


    Moin @Sorgenfrei,


    Du bist hier seit Dezember 2020 dabei und sehr fleißig darin Chancen im Bereich Explorer zu suchen.


    Rate mal, was nach 2008 mit allen Cashburnern passiert ist.
    Besonders die Explorer haben an allem gespart, zuerst an der Exploration, weil die viel kostet. Das Management wollte, dass die Firma überlebt und man sich das eigene Einkommen sichert. Wenn es auch dafür nicht gereicht hat, hat man sich die Gehaltsansprüche in Form von shares gezahlt usw.


    Die Kurse dieser Aktien sind alle in die Parkgarage gefahren, wo die meisten viele Jahre geblieben sind.


    1) Sicheren Kapitalerhalt bieten Royaltys, die nicht/wenig verschuldet sind: WPM, FNV, TFPM
    SSL hat hohe Schulden.


    2) Dann Majors mit Cash positiver Bilanz. NEM, ABX, AEM, NCM
    Die profitieren von einem niedrigen Ölpreis besonders.


    3) Dann gering verschuldete Unternehmen in sicheren Jurisdiktionen mit niedrigen Kosten und langlebiger Reservenbasis. AGI, LUG


    4) Vollfinanzierte Entwickler mit erstklassigem Management und vielen Institutionellen Anlegern: ARTG und GMIN


    Die Aufzählung ist nicht vollständig. - Denk bitte vor allem an Kapitalerhalt!


    Das Kapital geht in die Großen und meidet kleine illiquide Werte, besonders in einer Krise.
    Es gibt einige Threads mit einer Beschreibung der aktuellen Lage. Bank Run ist einer davon.



    LG Vatapitta

    Hallo @vatapitta,
    danke für deinen Beitrag.
    Um mich brauchst du dir keine Sorgen machen. Ich habe meine ersten Minen 2001 gekauft: GFI, AU, HMY und DRD, damals mit über 5% Dividende. Da waren dann noch Bema Gold, SSRI(M) und Yamana. Die Lektion mit den Exploren habe ich danach gelernt. Zeitweise war ich überhaupt nicht investiert, außer bei OR.
    Heute sind meine Investments hauptsächlich unter 1) Royalties, etwas unter 2) Majors und ein paar unter 4) Developer, wie du schreibst.
    Unter den Developern sind immer wieder Perlen zu finden, daher auch der Thread. Das heißt noch lange nicht, dass ich überall investiert bin. Ich versuche Informationen zusammenzutragen, welche bei einer Anlageentscheidung helfen können. Explorer/ Developer verfolge ich auch teilweise, weil Royalty Unternehmen involviert sind und diese vorher meist eine intensive DD durchgeführt haben.
    Viel Erfolg weiterhin! [smilie_blume]
    LG Sorgenfrei

    @Sorgenfrei Ich wollte dir auch danken für deine Mühen! Ich finde den Thread richtig gut, da ich auch nur in Developer investiere. Explorer und Produzenten sind für mich "brennende Streichhölzer".


    Dank dir bin ich auf GMIN aufmerksam geworden! Ist mittlerweile eine recht große Position geworden, es hat aber auch sehr lange gedauert, bis ich eine starke Überezeugung aufgebaut habe.


    LG KI

    Zitat von KleinerInvestor

    @Sorgenfrei Ich wollte dir auch danken für deine Mühen! Ich finde den Thread richtig gut, da ich auch nur in Developer investiere. Explorer und Produzenten sind für mich "brennende Streichhölzer".


    Dank dir bin ich auf GMIN aufmerksam geworden! Ist mittlerweile eine recht große Position geworden, es hat aber auch sehr lange gedauert, bis ich eine starke Überezeugung aufgebaut habe.


    LG KI

    Nichts zu danken. Auf Grund deiner Argumente bin ich auch noch rechtzeitig rein in GMIN. [smilie_blume]

    Danke @Sorgenfrei für diese Übersicht über die Verwässerung des Aktienkapitals. [smilie_blume]


    Die offenen Fragen sind:


    1) Haben Fisson und Denison noch vor sich, was die anderen schon hinter sich haben? Wie ist deren aktueller Kassenstand?


    2) UEC hat mit den Kapitalerhöhungen andere Assets/Unternehmen mit Eigenkapital übernommen. Also den Aktionärswert eher erhöht.


    3) Welche Unternehmen aus deiner Liste haben die Zahl der Shares erhöht, ohne Mehrwert für die Aktionäre, waren also reine Cashburner um das Management zu mästen?


    4) Es gibt bestimmt noch viele weitere Fragen, die anhand dieser Aufstellung zu berücksichtigen sind, um den Wert und die Solidität der Unternehmen korrekt einschätzen zu können.



    LG Vatapitta

    Moin @vatapitta,


    ja, das ist der erste Ansatz für DD. Dafür hatte ich noch keine Zeit, muss ich mir noch genauer ansehen. Die Aktien befinden sich sicher in unterschiedlichen Stadien der Entwicklung. Frappierend ist die Gesamtanzahl der Aktien bei manchen. Sie reicht von143 Mio bis 835 Mio!


    Hier noch ein Beitrag von M. Shaw zu Uran u.a.:
    https://www.hydracapital.ca/20…aiting-through-the-worry/


    LG Sorgenfrei

    G Mining Ventures Completes First Draw on $250 Million Gold Stream from Franco-Nevada

    https://www.prnewswire.com/new…nco-nevada-301787789.html


    BROSSARD, QC, April 3, 2023 /PRNewswire/ - G Mining Ventures Corp. ("GMIN" or the "Corporation") (TSXV: GMIN) (OTC: GMINF) is pleased to announce that it has drawn approximately $91 million on its $250 million gold stream with Franco-Nevada (Barbados) Corporation ("Franco-Nevada"), as previously announced in July 2022. The proceeds of the stream will be used to continue the development and construction of GMIN's 100% owned Tocantinzinho Gold Project ("TZ" or the "Project"), currently under construction in the State of Pará, Brazil. The Project remains on track and on budget for commercial production in H2-2024.
    In connection with the draw on the gold stream, GMIN provided evidence to Franco-Nevada that it has sufficient funding to fully satisfy the remaining Project costs required to achieve commercial production and Project completion.
    In addition, GMIN has also closed, satisfied the conditions precedent, and commenced drawing on the previously announced $40 million Equipment Financing Facility with Caterpillar Financial Services.


    Louis-Pierre Gignac, President & Chief Executive Officer, commented: "This significant milestone demonstrates that the GMIN team has made substantial progress on the development and construction of Tocantinzinho to the satisfaction of its financial partners. Our ability to systematically de-risk the development and meet the extensive list of obligations to access this funding should provide all our stakeholders with comfort in the quality work taking place at TZ. The Project remains on track and on budget for commercial production in H2-2024."


    Silver X Mining to Acquire Revenue-Virginius Mine Assets in Ouray, Colorado Out of Receivership
    https://www.accesswire.com/749…orado-Out-of-Receivership
    VANCOUVER, BC / ACCESSWIRE / April 17, 2023 / Silver X Mining Corp. (TSXV:AGX) (OTCQB:AGXPF) (F:AGX) ("Silver X" or the "Company") announces that it has entered into an asset purchase agreement (the "Agreement") to acquire the Revenue-Virginius Mine ("RV Mine") and certain related assets (collectively with the RV Mine, the "Assets") located in the San Juan Mountains near Ouray, Colorado from Alliance Management LLC (the "Receiver"), as receiver under a court supervised receivership in Ouray County, Colorado (the "Acquisition"). The Acquisition remains subject to several closing conditions, including, without limitation, the approval of the District Court, Ouray County, State of Colorado (the "District Court").
    Highlights of the Acquisition

    • Acquisition of a silver project in the United States, which was previously built to a pre-production stage and was permitted for production prior to entering into receivership.
    • Low-cost acquisition with infrastructure in place and significant investment by previous owners. The Acquisition provides Silver X with an opportunity to advance the project through the pre-production stages with minimum capital deployment.
    • Capitalizes on proven expertise and synergies with Silver X's team in Peru, where management has experience applying a modern lens to exploration and mechanizing narrow vein structures.

    "The Revenue-Virginius Mine complements Silver X's growth strategy by adding an advanced-stage exploration project to our pipeline at an attractive price," stated José García, President and CEO of Silver X. "We believe that the project will benefit from our distinct approach to exploration aimed at generating value by reactivating past producing districts with good potential. While we remain focused on our core operations in Peru, our plan is to execute an exploration program over the next 12-18 months to confirm and strengthen the data and our understanding of the potential resource in advance of making a decision on how to best advance the project."
    Mr. García continued: "This acquisition presented us with a low-cost opportunity to acquire a project that has already benefitted from considerable investment. With good planning and minimal expenditures, we hope to be able to add value through exploration while diversifying and gaining exposure to the US, a stable, low-risk mining jurisdiction."
    Acquisition Summary
    Subject to the approval of the District Court, the Assets will be acquired for aggregate consideration of US$4,500,000 payable as follows:

    • US$200,000 on signing of the Agreement;
    • US$1,000,000 on closing of the Acquisition;
    • US$2,000,000 upon the occurrence of (i) the earlier to occur of the transfer or re-issue of key permits or commencement of exploration drilling, and (ii) negotiation of access arrangements with Ouray County; and
    • US$1,300,000 upon the conditions for the immediately preceding payment having been met and the occurrence of the earlier of the completion of a current technical report, or September 30, 2024.

    At Silver X's election on or before May 24, 2023, Silver X has the right to elect to pay the purchase price in full on or before May 31, 2023, and, if so elected, the purchase price will be reduced by US$1 million to US$3.5 million.

    Quarrying has begun at Globex’s Silidor Property
    https://ceo.ca/@GlobeNewswire/…-globexs-silidor-property
    In 2022, Globex agreed to a quarrying deal with Rouyn-Noranda based Agrégat RN Inc. which specialize in earth movement, quarrying and open pit mining. Under the deal, Globex allowed Agrégat to apply for a BEX (a quarry licence) in order to quarry and crush for sale, large sterile granite outcroppings on the property. Per the agreement, Globex is to receive one hundred and fifty thousand dollars ($150,000) as an initial royalty payment upon the first 300,000 tonnes being sold from the property after which Globex is to receive twenty-five cents per tonne. Currently, 100,000 tonnes has been blasted and is being processed for delivery. Agrégat has an initial contract to provide one million tonnes to Glencore.
    [Blockierte Grafik: https://ml.globenewswire.com/Resource/Download/c6ee0520-9bc4-487e-8318-597716a0e305?size=3]


    The property has several million tonnes easily accessible within the current BEX and studies are underway to identify other areas on the property with economic potential, in order to extend the BEX in the near future.



    Globex maintains the rights to all precious and base metals on the property. In 2020, Globex completed a detailed aeromagnetic survey over the property to help define any potential structural controls of gold mineralization.


    Bischen O.T, aber Globex mit Lizenzeinnahmen finde ich gut. :thumbup:

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