How does one invest in the projects?
Information was presented in the meeting agenda notes found on the OTC.
For more information on the La Serena Project, instructions said to contact Cerro Dorado directly.
Email: info@cerrodorado.com
Richard ( and all âŚ);
Using the current price for gold & iron $1281 & $56.46 with the same costs, etc. , The after tax profit becomes $18,311,713 !!!
The monthly profit becomes $508,659 !
Payback period will be reduced significantly.
Even with a huge discount for unforeseeables, say 25% , if the figures they gave remain within range this could be very profitable.
Rod
I have an opinion question for the more knowledgeable. I have shares of CDCH in my Etrade account as well as my Raymond James account which is my primary broker. ETrade is used simply as a small trading vehicle with play money. Given the upcoming NEW-CO vehicle would it be wiser to transfer the shares out of ETrade to RJ asap to avoid any potential shenanigans? I still have not PAID to get my MDMN divy shares off restriction mainly due to the cost but also because I know people got the restriction pulled for free but I have had no such luck.
Any thoughts would be really appreciated.
I hear you, but I disagree on one point:
Transfer agents perform three main functions:
Issue and cancel certificates to reflect changes in ownership. For example, when a company declares a stock dividend or stock split, the transfer agent issues new shares. Transfer agents keep records of who owns a companyâs stocks and bonds and how those stocks and bonds are heldâwhether by the owner in certificate form, by the company in book-entry form, or by the investorâs brokerage firm in street name. They also keep records of how many shares or bonds each investor owns.
Act as an intermediary for the company. A transfer agent may also serve as the companyâs paying agent to pay out interest, cash and stock dividends, or other distributions to stock- and bondholders. In addition, transfer agents act as proxy agent (sending out proxy materials), exchange agent (exchanging a companyâs stock or bonds in a merger), tender agent (tendering shares in a tender offer), and mailing agent (mailing the companyâs quarterly, annual, and other reports).
Handle lost, destroyed, or stolen certificates. Transfer agents help shareholders and bondholders when a stock or bond certificate has been lost, destroyed, or stolen. If this has happened to you, read our publication entitled Stock Certificates, Lost, Stolen. Also, if you hold securities in your own name and want to transfer or sell them, you may need to get your signature âguaranteedâ before a transfer agent will accept the transaction. For information about transferring your securities, please read âSignature Guarantees: Preventing the Unauthorized Transfer of Securitiesâ in our Fast Answers databank.
I put some cdch and mdmn stocks from my etrade account in certificate form back in 2012 for AGM. It toOK me over 4 months to get them back into my etrade account to at least attempt to trade if needed. There seemed to be several issues to overcome and very time consuming.
Last i knew, a stock needed to be trading above 10 cents to get in to a brokerage account. Was 2 cents when i first started with mdmn.
I would suggest leaving it where it is unless you have written verification that your broker will accept the shares.
This is true
Anyone heard anything from the Days as to the official date for the reverse?
Easy, I was told that there are over 5 million dollars of waste material from the Fortuna that are available to be processed.
Can you say âefficient centrifuge type concentratorâ rapidly 5 times! 
No, I have no information if Masglas has set up such a portable processing unit, but economically speaking, I canât see how they could afford not to! The payback would be rapid and vastly decrease costs of trucking existing tailings to ENAMI.
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I hope you didnât mean âshareholder of recordâ (certificate holders) when you stated this. My understanding (and the purpose of the NOBO/OBO list) is that all shareholders as of the record date (yet to be announced) will participate in that 5% equity interest in AURYN. The ânew CDCHâ under the proposed La Serena-Alto Adigio Project will have no stake whatsoever in the spun out âlong term call/leap on AMCâ as you phrased it. Is this your understanding as well?
NOTIFICATION OF LATE FILING
http://www.otcmarkets.com/financialReportViewer?symbol=CDCH&id=155260
Filing should be made by friday. Waiting on the accountant to figure how to book all the changes. Not to worry.
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Itâs been delayed a couple more days.
Release on Monday or Tuesday looks likely.
AURYN Mining Chile SpA (AURYN) is a privately owned company presently exploring the promising Altos de Lipangue historical mining district located approximately 30 kilometers northwest of Santiago, Chile.
AURYN now owns and controls over 10,500 hectares of mining claims at the Altos de Lipangue Area.
AURYN shareholders are the following:
MASGLAS, 65%
Medinah Minerals Inc., 25%
Cerro Dorado Inc., 5%
Private individuals, 5%
MASGLAS, our parent company, directly owns over 20% of common stock of Medinah Minerals Inc. (MDMN OTCBB-Pink)
AURYN, has an interest equal to or greater than 85% in the following mining companies: NOUCO Mining Chile and Minera Mantos Azules Chile. These companies hold mining claims within the Altos de Lipangue mining district. Each one of these companies hold exploitation permits.
The property has excellent infrastructure including an upgraded access road connected to the Panamericana Norte highway.
Presently the focus will be on exploiting the recently discovered Caren-Merlin high-grade gold veins and the historical Fortuna de Lampa mine site.
We expect to start mine site preparation at the Caren-Merlin area on the second week of June, and we estimate about two months for this process to be completed.
Production will start immediately after the mine is prepared to be mined according to the existing regulations. We are confident in reaching a total production of 5,000 troy ounces of gold by the end of 2016.
The expected production for 2017 is conservatively set to be over 25,000 troy ounces of gold. After the first full producing quarter at the maximum allowed capability we will be able to forecast a more precise production estimate for 2017.
AURYN is also preparing the required mining application in order to obtain the required permitting for an open pit at the Fortuna de Lampa historical mine site.
After permitting is obtained, the mine preparation will follow, and production is expected to start during 2017. Actual production from this site has not been taken into account for our preliminary 2017 production estimate. We will update as soon as we have this data available.
AURYN forecasts a positive cash flow from these activities which will be reinvested in exploration on the Altos de Lipangue targets that have been defined by our geology experts. Drilling will be scheduled on the remaining four identified high grade gold veins at the Caren-Merlin site.
Regarding the Pegaso Nero (Copper-Moly area), AURYN is looking forward to reaching an agreement with the surface rights owners in the near future so that we can prepare the area for a campaign of Induced Polarization. This will help us clearly define the drilling targets.
Financing for operations will continue to be secured by MASGLAS until AURYN becomes cash flow positive. The terms of the financing are extremely favorable for AURYN. Any required cash is interest free until July 2017. After that interest will be LIBOR plus 4%, and debt repayment will occur with a portion of the revenue generated by the early production. Capitalization and conservative money management is a key pillar of the AURYN business plan.
Visit the website at http://aurynmining.com.
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The more I learn the more Iâm liking my position in CDCH. The AMC stub/spinoff is ideal and, as long as we arenât diluted 95% on the public shares (as would typically be the case in a pseudo-RTO scenario where we have no other assets) there will be money to be made on the tailings strategy that George and crew are pursuing. It shouldnât surprise anybody that the first tailings project highlighted in the recent update is one of many which would be self-funded subsequent to the initial raise of $1.5M.
With CDCH you are giving up liquidity on the 5% of AMC. However, you are getting this percentage in AMC without the risk of dilution and you have exposure to another tailings business that could be very profitable (and scalable) in a rising gold market.
Iâm assuming 500-600M shares post money (less if there is a successful clawback from the crooks BS claims for money lent). If George can put together three or four of these tailings projects (with two onsite, modular, gravitational plants) they could be cash flowing $7-10Mish a year. With a larger pipeline of tailings, two working simultaneously, the stock could get into the double digits (without including the spinoff of AMC). Lotâs of work to get to that point but if/when they streamline the permitting process things could start to move quickly.
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From the SHM, the project being financed is indeed scalable, with several nearby abandoned tailings sites showing interest in remediation, the smelter is also within easy trucking distance. The equipment is portable and would be purchased (or initially rented) with money raised primarily from the Rights offering. More than $260,000 has already been invested in sampling, materials analysis, metallurgic testing, and process engineering designs. As you also mentioned in a previous post, current shareholders would be locked into an non-dilutable âlong term call/leap on AMCâ as you phrased it. At the meeting, it was emphasized that not just shareholders of record (cert holders) would be locked in, but also streetshares, which is quite unusual with the exact mechanism needing further clarification. The new CDCH company would be dilutable to finance any unmet financing needed for the La Serena project that is not raised in the $1.75M Rights Offering approved at the SHM. The 500-600M shares you mention post money raised for the project is likely not going to be seen if a 1-for-10 or 1-for-15 reverse split occurs to complete the financing requirements. Post R/S the dilution would be in the 40M-60M range based on your figures.
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Easy (and Baldy, too), I appreciate the explanation.
I am not in any rush of selling but could anyone of you envision a possible mid term and/or long term exit strategy? Whatâs the time involved? While being locked, are there any possible divs to be distributed?
As far as I can see, CDCH shares are still tradeable on the OTC market. Is that gonna change? Is an eventual TO the only way out?
How are you coming up with the 500-600M shares? I believe the $1.5M is raised through a debenture offering with an equity kicker.