Gold Price Pushing higher yesterday. Closed at 1292 $/oz afteran attempt to break 1300. Can''t do Marl any harm at all.....
Re: Northland note - Research Tree Hi Smilingmickey1I take your point about the lack of skin in the game. The question is how much future dilution will be required before the asset can be realized. I am more positive than you and believe the resource will end up being at least 2.5 x current estimates by the time the PEA is released towards the end of this year. There may well be further dilution by then if they can't sell their 30 per cent beforehand.The scenario you have set out is of course possible and common in junior miners especially on AIM. That's why you've sold and you are unlikely to state a different position having disposed so recently. However, I believe the next set of results will allay fears and combined with the TSX listing will provide momentum that will see the share price in double figures by this time next year - 10p. That's why I continue to hold with an average of 2.8p and will accumulate on weakness. One of us will of course be wrong, one may be right or partly right!NM
Re: RNS Placing **withOUT**
Re: Northland note - Research Tree Hello Fowler,it is notable that the placing price of these new shares is below the level achieved (2p) when the last raise was carried out. thiis despite an increased appetite by investors to fund developing gold mines and more drilling results being available from Hot Maden. The new investors have the opportunity to buy more shares at the modest cost of 2.5p adding more potential dilution.IHMO your Directors are sadly lacking in the skills required to steer Marl into a position which will be profitable for long time holders, almost all of whom will be currently sitting on losses. As I,ve said before they have little skin in the game themselves. So do not be surprised if all that happens is more and more dilution as Hot Maden continues to require additional funds for development. Some of those funds will be being used to sustain the Director,s lifestyles.It is of course conceivable that the value extracted from Hot Maden may be enough to provide shareholders with a return but I doubt it.
Re: RNS Placing So I would guess we wont see any HM news (or anything else come to that) until the Placing is closed - so Wed May 4th - RNS to say it has closed and has raised blah blah blah. Then reall news the week after? You dont really think these professional investors are buying with a nod and wink as to what is in the pipe do you?
Northland note - Research Tree Read Northland Capital Partners's note on MARIANA RESOURCES, out this morning, by visiting [link] Resources is seeking to raise £4m-£6m through a private placing of up to 330,000,000 shares at a price of 1.82p per share with a one for two warrant with an exercise price of 2.5p. As part of the placing a North American royalty company and its consortium have committed US$5m and Mariana has already received commitments in excess of £4m with the ability to raise up to £6m.It is positive to see significant strategic investment already committed to the placement for Mariana Resources, highlighting investor confidence in the quality of the Hot Maden Project and the Mariana Team. The funds from this placing, when closed, will be dominantly used to advance Marianas 30% interest in the 3moz Au eq. at a ultra-high grade of 11.2g/t Au eq. Hot Maden Project to Preliminary Economic Assessment and ultimate feasibility..."
no placing white man speak with forked tongue.i note all so for the development of hot maden and other things.?
RNS Placing First reading, but am really disappointed that they couldn't get more than 1.82p......
Re: Today's price rise 6m traded today so it looks like something is brewing. Would be nice to stay above 2p now as it kind of makes you wonder what will move this share sustainably up. Gold, masses of it, is only half the story I guess.
Re: Northland note - Research Tree Smilingmickey1I appreciate the points you have made and AIM has taught me that there is always downside and this tends to be higher the more exciting the prospect is and that is where the risk v rewards comes in. Personally, I think your withdrawal is premature but I wish you good luck with your other investments. NM
Re: Today's price rise I have no idea, although drill results are due at any moment and perhaps will reveal a further upgrade to the resource. Over on LSE there was a post saying WILSON had contacted GP (Glen Parson CEO) recently and he said the following " i asked him how he would add value for share holders......"Normally we would sell if we could get the right price for Hot Maden and then dividend out around +-85% of the cash. This assumes a normal commodity and stock market, at the moment the asset cashflow from production would far exceed this and therefore we stick on a path to development. This allows time to maybe normalise the market and also to further derisk the project, which should be beneficial to shareholders either way." Since then we've had news of plan to dual list on TSX which should give us better access to North America.Staying above 2p should be significantly technically and there is little resistance from above 2.15 to 2.85 so if there is some good news due on HM drilling we could gap up very quickly. The other possibility, although unlikely in my view given timescales is news on Argentina resource. ie has it been sold since change to government, but surely too soon. Finally, is there some news on Chile, again I think this is likely. For me, this is all about Hot Maden now and proving up the resource as much as possible for the autumn PEA .I'm going to stick my neck out and predict 4-5p share price by late September to coincide with TSX listing and approaching resource statement. NM
Today's price rise Does anybody know why after firmly drifting well below 2p for weeks the share price has suddenly jumped by more than 12 per cent today?
Re: Northland note - Research Tree Well Prem,To get a positive view read all of Pharma's posts, which will tell you all you need to know about the Hot Maden prospect. Mine in latter days are quite sceptical and critical as to how the current Management are progressing to enable shareholders to profit from this exciting discovery. You might take a look at 1) The history of new share issues.2) The amount of stock owned by individual Directors and their level of participation in the new share offerings.You might also ask yourself how much clout you have when your ownership participation in any item is 30% with a dual partner who owns 70% and how easy it would be to crystallise the intrinsic value of that 30%.I will stick with my investments on TSX listed Kam and SMD, but have exited MARL.Time will tell...........
TSX Contacted Glen yesterday to query whether the TSX listing would result in more shares being issued. He confirmed that they do NOT anticipate a raising at the time of listing.....
Re: Northland note - Research Tree I totally disagree. They are quite well known investors following MARL but their only sticking point was AIM. This is very good move. Essentially everyone here realized that management had to raise money. So in real world they had two choices issue more shares on AIM and issue shares on TSX and pay extra listing costs but exposure to market that understands good deposit. I will certainly be buying shares. For the record I do not have position in MARL yet but I expect this to be good buying opportunity.