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1 month 3 weeks ago #127725 by GoldnBoy
GoldnBoy replied the topic: zonte metals
Gambler, I agree with you. Maybe something is up, the stock is up with more than normal volume and a lot of bids came in. Or maybe it is just this crappy market starting to turn?
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1 month 3 weeks ago #127722 by Gambler
Gambler replied the topic: zonte metals
Goldman, great post. It is not unusual for a gold miner to downplay their project if they have yet to negotiate government tax rates or profit sharing and in this case they have to negotiate purchase price of required properties (zonte). Nothing has changed, B2Gold simply changed tactics from delay delay delay to Oh! the economics might not be so good.

We know development costs have risen, but so has the gold price. This is a huge project on B2Gold's books, they will not let it slip away, they just want to low ball Zonte

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2 months 12 hours ago #127717 by Goldman
Goldman replied the topic: zonte metals
Columbia - Gramalote Opportunity

Hello Zonte Shareholders :

The recent B2Gold Press Release about the Gramalote Joint Venture ( JV ) update appears to be without full merit and has inconsistences .

Investment bankers indicated to me that since the last 43-101 technical report as at Dec 2019 ,

(A) US$ 82 million ( which is over CDN $ 100 million ) has been spent on the JV for exploration and property evaluation in 2 1/2 years and the current Gramalote JV is valued well in the last F/S in excess of $ 300 million Canadian,

(B) was under US $ 1,600 around Dec 2019 , as compared to about the current US $1800 , hence higher gold price assumptions are warranted ,

(C) Previous Press Releases indicated advancing the purchase of key properties required for the project development , and US $ 34 million was allocated ,

(D) The last 43-101 had about 4 million ounces of gold ,

(E) The recent Press Release indicated that the carrying value of the project was not impaired .

The J V Project is probably trying to make further negotiations to advance the JV .

In the meantime , it is not uncommon in large projects that companies throw up red flags to appear weak before the project advances and negotiations are finalized .

Smart money thinks that the next 43-101 report will will have much more than 4 million ounces of gold and will include more favorable assumptions since the last report .
With strong Columbian Gov't and local support , I anticipate good JV Project news from B2Gold later this year .

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2 months 1 day ago #127716 by Gambler
Gambler replied the topic: zonte metals: Colombia Commentary
Thanks Pasta, I don't think this changes much. The court date will be announced and happen regardless of the status of the project. Gramalote is about 5 million ounces and I don't know the number, but I expect the JV has spent 100s of millions advancing the project. Gramalote has a lot of value.

Given the market conditions and how gold stocks have been hammered over their development projects, B2Gold is probably just waiting until market conditions change or improve

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2 months 1 day ago #127714 by flynn
flynn replied the topic: zonte metals: Colombia Commentary
It's amazing if this is a shock to anyone investing.
With no communication from the company, very secret lawsuit.

I would hate to hold any shares, good luck selling.

I guess now the focus will be on Yukon. That is even more silly1

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2 months 1 day ago #127713 by Pasta
Pasta replied the topic: zonte metals: Colombia Commentary
From B2Gold today….

Importantly, B2Gold also announced that - based on the preliminary results of the optimized feasibility study for the Gramalote gold project in Colombia (a joint venture between B2Gold and AngloGold Ashanti) - both partners have determined that the project does not currently meet their investment thresholds for development of the project at this time.

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2 months 2 weeks ago #127711 by ron
ron replied the topic: zonte metals: Colombia Commentary
Good point lynnsa10, we're still waiting for the trial date and the Yukon permit, it's a long wait.

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2 months 3 weeks ago #127710 by lynnsa10
lynnsa10 replied the topic: zonte metals: Colombia Commentary
for every seller, there is a buyer. I was a buyer today

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2 months 3 weeks ago #127709 by Pasta
Pasta replied the topic: zonte metals: Colombia Commentary
Load up the truck !
Last chance to see it at this price.
The only thing is the truck is old , rusted out and the motor is shot.
It went to the junk yard a long time ago.

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2 months 3 weeks ago - 2 months 3 weeks ago #127708 by ron
ron replied the topic: zonte metals: Colombia Commentary
Unbelievable,printing $0.11,should have also a contest for the low of the year..lol..

Why the Yukon permit and the trial date are taking so much time ?

And the most important question,where are the buyers ?
Last Edit: 2 months 3 weeks ago by ron.

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2 months 3 weeks ago #127707 by Gambler
Gambler replied the topic: zonte metals: Colombia Commentary
FYI, Victoria Gold management received over $5 million in compensation last year and
they have lost over -50% for their shareholders.

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2 months 3 weeks ago #127706 by flynn
flynn replied the topic: zonte metals: Colombia Commentary
The flip side to the point would be Why wouldn't Zonte yell to the world about them drilling so close to there claims. Get there share price up, to you cN negotiate a higher price for the share holders.
But, we all know what they think of the zonte share holders. Nothing.
Just keep collecting a $175k pay check as long as you can

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