So it does appear that the transactions between Auryn and CDCH were all completed on December 15th, so CDCHâs year end financials should be of interest when they come out most likely before April 1st. I imagine this might include a copy of the agreement.
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If AURYN will remain private for other investment purposes, it will be to AURYNâs advantage to build value in CDCH as quickly as possible. I donât know what advantage you see in AURYN remaining private, but it is certainly possible. They are effectively the management of CDCH and all the ADL claims.
Cerro now owns all the ADL claims that are under exploration and development. What impact would the announcement of a JV partnership for the Pegaso Nero or Las Dos Marias (or Fortuna) with a well recognized mid-Tier or Major have on CDCH share price?
- Launching a massive exploration program on the Altos de Lipangue mining district including entering JV agreements with companies that have the specific expertise necessary for exploring and mining the variety of targets we believe we have in the district.
AURYN Sells Mining Claims to Cerro Dorado, Inc. | AURYN Mining Corporation
When would such a JV agreement announcement occur? As owner of the ADL mining concessions wouldnât such a JV agreement necessarily be directly with Cerro Dorado?
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Youâre saying cdch goes away first via name change and then a reverse split.
You are also saying following that, we will get our cdch shares following the restriction expiring.
Are you saying weâll get âcdchâ shares after the name has changed or that weâll get the new name co shares post reverse split and also on the higher exchange?
Just saying in my opinion that would be the steps, the order is not that relevant other than we the shareholders getting our shares only after the restriction is lifted and the unrestricted stock is passed to MDMN. So yes ,first a name change and a reverse stock split probably at the same time and then MDMN and MDMN shareholders getting their shares when the restriction is lifted in the new named company. Of course the name change and reverse split could happen after we get our shares. but I bet they are eager to change the name and move to a higher exchange ASAP. JMO
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You got a pretty hi like on that so most likely thatâs the direction.
My question is are we going to get the reverse split new co shares which replace cdch or will we somehow still get shares under cdch with your scenario.
I would be very concerned if weâre still getting cdch shares after a name change.
I added the following to the statement to my previous post below, but If the name change happens before we get our shares then we get shares in the new named company. that should be obvious!
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I can see that CDCH, AURYN shares in CDCH and MDMN shares need to become a newly named company with a consolidated share structure. Will the newly consolidated company be responsible for mining and exploring the ADL? Why would AURYN still remain instead of having all assets, income and expenses that are associated in the ADL simplified in the financial statements of the newly named company? What will the debt owed to AURYN by the newly named company look like under this scenario if AURYN still remains as a private company?
in order for a foreign miner to do business in Chile, there must be a Chilean-based company. That is why there was always a Cerro Chile and Medinah Minerals Chile. Doc can expand on that corporate structure unique to Chile far better than I can.
Thanks Rick. I recall that now, also. It makes sense to me that the new consolidated company would take on all the responsibilities of the mining and exploration on the ADL to simplify the goal of becoming fully reporting and moving to a higher tier or exchange. The purpose for AURYN then wouldnât necessarily be looking for other investment purposes except to add to ADL related mining claims, IMO.
I was told by a Chilean Mining attorney at one of the Cerro shareholder meetings that that is not true. Les and Juan used that as a way to control and screw us.
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US - Thanks for recalling that. Seems that is indeed true.
Chilean law allows the government to grant concession rights to individuals and companies for exploration and exploitation activities, and to assign contracts to private investors. These concessions and contracts are assigned without discrimination against foreign investors. An enterprise in Chile can be 100 percent owned by foreigners.
Chile - Market Overview
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Auryn Mining could go away, it could remain private, and it too could go public, it is really up to Auryn Holding company if they want or need to kept its CDCH ownership separate via a subsidiary. They also could have other plans to use this subsidiary for other activities in Chile like other acquisitions, I do not know.
If they do away with Auryn Mining then the wall between Auryn Holding company and the mining company disappears. Then the holding companyâs ownership in CDCH would also reflect the MDMN stock that Auryn Holding company owns. I really do not have any idea of their plans, but there could be very good reasons to keep Auryn mining as a separate subsidiary around to hold the current stake in CDCH and the holding companyâs ownership in MDMN separate either for the time being or into the future. In any case I really do not believe it will have any impact on CDCH management, mining operations, or our ownership of CDCH. .My guess is that Auryn Mining will be around at least until all the shares of CDCH are distributed to MDMN shareholders, since we currently only own shares directly in Auryn Mining and there is no MDMN ownership in Auryn Holding company.
Yes, but to run a company in Chile, you must be approved, licensed and bonded which is more difficult for a foreigner. And you must set up a legal contact located within Chile, most foreign companies just hire a local attorney to represent themâŚ
Iâm showing no trades today on Medinah/Cerro. Is that correct? Is that a first for a trading day for both companies to have not traded?
Auryn/Cerro take note. So far in 2018, you get a grade of a F for failing to communicate investment information to shareholders or otherwise generate any enthusiasm for this investment. No news, no website updates, no use of Twitter or your Facebook page. WowâŚfail!!
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I donât understand are these guys still living? donât they know they have shareholders? They throw you an update over 1 1/2 months ago and then they run and hide. I hope this will not be the case when the name changes or we are screwed. Seriously canât they come up with an update saying that everything is on track? I just hope they are mining down in Chile all these past months and will have something substantial to release once everything is set because if they donât after the R/S we will be back to where we are now.
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Auryn has an excellent track record of disclosing material information PRECISELY WHEN NECESSARY. no more no less. lets keep the pitchforks in the woodshed - for now.
Side note: if someone had the time to to plot board temperament against time of news releases, I think weâd find a hilarious correlation of increased pitchfork sharpening the further away from news we get.
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Disagree. Rather they have provided the absolute bare information they could get away with. One has to speculate why that might be.
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I agree. I donât know why everyone is so confident we will have a happy ending here. Of course at this point it does not matter. We are all dug in deep. I asked the other day if we will be under the cone of silence until the shares convert. Not one person even offered their opinion. It that even remotely a possibility?
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I believe we will see no less than the minimum information required of CDCH in itâs current capacity on the OTC. Anything beyond that will be a surprise. Once the unrestricted reverse split shares are distributed in the name of the new company I look forward to a full court press of announced activity and accomplishment to begin. (To be clear, Iâm not sure if you call this an opinion, a guess, or just something to hope for.)
Maurizio and Dante do things by the book. Theyâll do what they can based on their attorneysâs recommendations and Iâm sure weâll all know at the same time
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