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OMG... just saw the closing numbers... Yeah Boom...!!!
Things heating up... I like it...
Boom $$$$ weeeeee$
Come on Auryn... lets get...er... Done...!!!
Or less for more... I think the reference was to... the upward increments... we've/will see...
Nice more for less !!! $CDCH !!!
This is definitely... the place to be... Kevin has destroyed... MDMN... lets hope he never gets his hands... on CDCH...
Rock on brother $$$ $CDCH # 1
Absolutely... GOLD...!!! Lets Go...!!!
Weeeee Gold $$))) lets go !!!
Time to go back to a gold based currency then...
Cerro... er... umm... Auryn has the gold.
Just need... say... a gold backed type bit coin or PayPal system set up...???
Big board is about to fall ! 2008 coming! GOLD IS GOING 10,000 OZ
There's Gold...!!! In them there hills... we know that... just gotta... get those nuggets... out of the ground... and to market...
Mother load ! Gold ! $CDCH !
Oh Yeah...!!!
Up Up and Away... Maybe some day...???
Let's go !! Bring home the Gold !!!!
Aye... Aye... It's about time...
Rally is on $ load load load we go$
$CDCH # 1 and little sister 2 $
Stick around... and you'll find out... it might very well... be worth it... worth the wait...
Stick around... and you'll find out... it might very well... be worth it... worth the wait...
So what's it all mean for SP going forward?
That fact is very disputable... if not Kevin... someone would have... could have stepped up... and Auryn obviously seems to be run... by very professional... quality... folks...
CDCH and MDMN would not only have been rudderless, but would have lost their stakes in ADL if Kevin didn't step up and step in. That's an indisputable fact.
And I'm sure he had permission from Auryn to do so... nothing wrong with that... it's all good... we just have to see how progress on the Mountain goes now...
BB,
Kevin announced this as his vision at the Auryn information meeting last Fall. Same BOD, both companies, eventual consolidation, and distribution of AMC.
Kevin... I'm sure had zero to do with anything about CDCH and Auryn... working things out... Auryn are smart business people... Auryn has been looking for a vehicle to go public... and CDCH has become the preferred way... this deal had nothing to do with Kevin...
Yeah but... check out this post...
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=131933412
It will be interesting to see how the CDCH price reacts to this news as CDCH is speculatively undervalued with its current ~$750k market cap. As a back-of-the-matchbook estimate, put whatever value you may have on Auryn and take 5% of it. Currently CDCH's market cap puts the theoretical value of Auryn at $15 million. I think most shareholders following developments with Auryn view the company far north of $15 million given the ADL asset. A $100 million valuation of Auryn would equate to a $5 million asset for CDCH. At that valuation, one can argue a 5-bagger at the minimum in CDCH. Obviously there are other factors involved that would impact that, but it is just a quick and dirty estimate.
I believe this new development points in the direction of a reverse merger of Auryn into CDCH as the quickest, easiest and least expensive route for Auryn going public.
Here is an opinion from a knowledgeable poster on another thread:
I think it's a notch above wishful thinking and this outcome wouldn't be a panacea for CDCH shareholders but more of a structurally fluid way of consolidating the AMC ownership. MDMN shareholders aren't going to receive AMC shares until the share count in resolved. CDCH is pretty well sorted (even though I would argue that Chapin, JJ, and Les' shares should be retired). So, AMC could use the CDCH shell, dilute existing shareholders by 95% (b/c we own 5%) and then issue shares to MDMN holders once they've sorted things out.
CDCH shareholders can thank Kevin Tupper and Auryn for saving the company's only tangible asset and providing CDCH shareholders a lifeline to continue participating in the investment and monetization of the ADL.
Summary of AURYN’s Attendance at CDCH Shareholder Meeting
Representatives from AURYN Mining Chile SpA (AURYN) and Auryn Holdings Corporation (AHC) were present at the Cerro Dorado, Inc. (Cerro) shareholder meeting today in Salt Lake City, Utah. AURYN and AHC’s attendance was in support of AHC’s meeting Cerro’s cash call as an AURYN shareholder and AHC’s oral offer to provide a longer-term solution to the issue.
AHC outlined an offer to Cerro at the meeting, subject to further due diligence by both parties. As part of the offer:
AHC will continue to hold the loan satisfying the $300,000 cash call payment that Cerro owes AURYN.
The loan will have a 0% interest loan payable in full on December 31, 2021.
The loan payment date can be extended upon the agreement of both parties.
Should the 5,000,000 shares of AURYN that Cerro owns become publicly tradable, the loan converts to an interest only balloon note with a four-year term and a simple interest rate of 4% annually.
In consideration of this loan, the existing 500,000 preferred shares of Cerro that carry 1000-for-1 voting rights will be transferred to AHC.
Cerro’s shareholders unanimously accepted the offer. AHC expects the due diligence to be completed and a contract signed on or before June 30, 2017.
Furthermore, Cerro appointed Italo Volante Gomez, Raul Del Solar, Kevin Tupper and Gary Goodin as directors, and accepted the resignations of Cerro’s present directors subject to completion of the contract with AHC.
http://aurynmining.com/summary-auryns-attendance-cdch-shareholder-meeting/
This was just posted on another board...
"AURYN Attending CDCH Shareholder Meeting
Representatives from AURYN Mining Chile SpA and AURYN Holdings Corporation (AHC) are attending the Cerro Dorado Inc. (CDCH) shareholder meeting on June 5, 2017 in Salt Lake City, Utah. A summary of our findings will be provided after the meeting."
Yeah... but check out this post...???
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=130045645
Ha this pos was dead years ago
Any news anywhere...??? On CDCH's fate...???
OK... I'm ready... so bring the dow down... so we can watch... CDCH... and Big Sister...
Dow 7,200 coming the OZ 10,000 bing
Get ready $$$$$ CDCH and little sister.
Well... in time... we'll all see... exactly how this plays out... seems some are trying to get the cash together... we'll see just how serious... and motivated they really are...
it plays out this way...auryn gets 4% of cdch's 5% interest in exchange for cdch's $300,000 share of the cash call, which cdch can't pay. So much for CDCH. Next in line is Mdmn. This is playing out perfectly for auryn. LES this how you steal legally! Take notes.
And nobody really cares or can do anything about it. By not receiving any cash for their share of the mountain, and not including provisions protecting themselves from a cash call, CDCH and MDMN management set us up for this.
Very surprised no one is complaining. There was some big money in cdch. I know the cheerleaders all got out in time but still others Les fortunate remain.
Shareholder update out... CDCH in need of money... have to wait and see... how it all plays out...
More paper money !!! Less Gold
Rock on $CDCH $$$$$
Where is all the Gold Going...???
I like to see some of it... go into CDCH's balance sheet...
Gold is going! Go $CDCH !bullish!
We'll have to wait and see... appears Auryn is serious about developing the Mountain...
Yep... sure looks like it... only time will tell for sure though...
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Basic Company Information |
Cerro Dorado is a junior mining/exploration company with gold/copper/silver claims ("The Alto De Lipangue Project") near Santiago, Chile. They have adjacent claims to Medinah Minerals (MDMN) on the Alto De Lipangue plateau. The relatively low elevation, close proximity to infrastructure, and exceptional nature of the property make their claims an excellent future location for large scale gold/copper bulk mining operations. Juan Jose Quijano, Cerro Dorado's representative in Chile, is working with several potential joint venture participants, assisting them in their due diligence, both in formal meetings and visits to the Fortuna de Lampa property. As Juan Jose Quijano has a vested interest in the potential of these properties, being a significant shareholder of Cerro Dorado, a creditor, and property participant, he is working diligently to bring a satisfactory joint venture party to the cmopany, with an agreement structured according to current mining standards.
• Stock Symbol: CDCH
• Website: http://www.cerrodorado.com
Articles of Incorporation
February 11, 2012 Shareholder Informational Session
Background of Juan Jose Quijano
Juan Jose Quijano, an attorney, as well as his father were instrumental in writing/developing mining legislation for the country of Chile and he also happens to control the most mining claims of any individual in Chile. He practices before the Chilean Supreme Court and other South American countries on mining matters and has been partnered with both Cerro and Medinah for many years. His knowledge and influence within the Chilean mining community and government are key assets and an integral part of Cerro and Medinah's corporate plans. His complete biography can be found here: http://www.medinah-minerals.com/juan-jose-quijano.html
Share Structure Information
Alto De Lipangue Joint Venture Status and Updates
Recent Developments Regarding Alto De Lipangue Joint Venture | |
February 11, 2012 | Cerro Dorado holds Shareholder Informational Meeting in Las Vegas, NV shortly after the Medinah Minerals Informational Meeting. The company discloses that claims totaling 1170 hectares are being negotiated to be included in the Alto de Lipangue Joint Venture, currently in its finalization stages between Medinah Minerals and their soon-to-be-disclosed JV partner. Cerro also confirms that the outstanding debts accumulated since the last debt payment is $571,000. This debt will be paid upon receiving cash from the joint venture. You can watch the Shareholder Informational Session at livestream here: http://www.livestream.com/theminingplay/video?clipId=pla_e60b5d63-5a84-43c9-ab32-2cc1f991abef&utm_source=lslibrary&utm_medium=ui-thumb |
Cerro Dorado reports that the London Group experienced serious financial setbacks in Europe and do not have the necessary resources to proceed with this project at this time, but want to stay in the picture if their circumstances improve. JJQuijano is working with several new potential joint venture participants, assisting them in their due diligence, both in formal meetings and visits to the Fortuna de Lampa property. | |
Cerro Dorado reports that the London Group has reviewed the proposed LOI which is now back with their attorneys. The proposed agreements calls for an end price acquisition of an 85% interest in the claims of $50,000,000 (fifty million), with staged cash payments over a 36-month period and a substantial exploration budget. | |
Cerro Dorado, Inc. reports that their properties on Alto de Lipangue will no longer be included in the Lipangue JV, as requested by the JVA partners. Prior to this announcement, Cerro Dorado's properties were combined with Medinah Minerals' properties to include the entirety of the Lipangue complex. Negotiations with a "London Group" have progressed and a "proposal for the acquisition" of Cerro Dorado, Inc. (Chile) SA property has been completed and a formal Letter of Intent should be forthcoming shortly. | |
Cerro Dorado reports that the JVA partner is finally able to move ahead with the JVA funding provisions. | |
Cerro Dorado updates that they anxiously await word of the transfer of the funds necessary to complete the JVA. As reported in previous communications the Company has completed all items and documents required. | |
April 8, 2011 | Cerro Dorado reports that they are still waiting to receive affirmation that the transfer of funds, the last step necessary to finalize the Joint Venture Agreement, is completed. They reaffirmed that Cerro Dorado(Chile) and Cerro Dorado, Inc. (USA) in partnership continue to maintain all mining claim properties in good standing. All relevant taxes are paid and up to date. |
Cerro Dorado reports that they received written documentation that the first tranche of funds, necessary to complete the initial catalyst part of the Joint Venture Agreement, are finally in the last stage of transfer to the Company bank account. | |
Cerro Dorado updates the status of the JVA delay and reiterates that the JVA partners continue to reassure management that all the terms and conditions of the Joint Venture Agreement are fine, and the delay in funding is their internal matter. | |
The company reports that Management continues to work "on a daily basis" with the Joint Venture partners to finalize the initial transfer of funds. Required answers have been documented and provided to the various Governmental and Banking authorities and the formal process is proceeding. | |
The company addresses the reason for granting the extension to the Joint Venture consortium specifically in regard to the deposit of the initial funding only. The JV partners indicate that compliance with all applicable banking laws, taxation and regulations has taken longer than expected, but anticipated completion steps are moving forward positively. | |
The company announces that JJ has granted the JV partners a time extension to complete their initial funding deposit. The JVA partners emphasized their difficulty with legal and banking requirements causing this unexpected transactional delay. | |
December 28, 2010 | Cerro Dorado provides a website update where they've reached the finalization stage of the JVA and are expecting the initial tranche on or before January 15, 2011 |
Cerro Dorado properties, all located on the Alto de Lipangue plateau approximately 8 km to the west of the small town of Lampa and 30 km northwest of Santiago, Chile. Access to the property is via the gravel road between the towns of Lampa and Til‑til, through the Hacienda Mercedes at Chicauma. The original claims known as Lonco Millarepu 1‑60 which are adjacent on the west and south to claims owned by Medinah Minerals, Inc. In 2006 and 2007 the land base has been expanded by over 300% and the mapping and sampling program in late January 2007 accessed the new land packages and new occurrences. Cerro Dorado now owns 2,220 hectares on the Alto de Lipangue plateau and is currently in negotiations to joint venture these properties separately from Medinah Minerals which is approaching finalization of its JV.
Claims Group | Hectares | Description | Picture |
Lonco Millarepu 1-60 | 270 | The Lonco Millarepu 1-60 mining claims (mensura) were purchased by Cerro Dorado Inc. in April 1999. The vendor retains a 20% Net Profit Interest (NPI) from production to a maximum of 5 million US dollars. The claims are rectangular and extend 3 km north-south and 900 meters east-west, bordering claims from Medinah Minerals, Inc. on the west and south. | |
Fortuna 61-120, Colihues 1-40, Antonio 1-20 and Columbo | 900 | These claims to the East of Lonco Millarepu were purchased in 2006. These appear to be former Medinah Minerals claims as they were listed in ACA Howe's 2001 report on the Alto de Lipangue property for MDMN. This significantly increased Cerro's footprint on Lipangue over their original claims group. | |
Columbo I-IV | 1050 | Purchased July, 2008. These claims border Cerro's properties to the North. |
Dr. Jim DeCosta's Valuation Considerations For the Alto de Lipangue Deposit
At the 2008 Annual General Meeting, Dr. Jim Decosta who next to JJ Quijano is probably the single most knowledgeable shareholder on the Alto De Lipangue property, as well as an expert author on the subject matter of naked short selling in the stock market, gave a very lucid presentation on his assessment of the company's property in Chile. Dr. Decosta offered to shareholders copies of his independent treatise, which explains the numerous difficulties for a junior mining exploration company to secure a joint venture agreement with a major. His in-depth report also articulated property valuation criteria and specifically addressed the company's holdings at the Alto de Lipangue location. This report is a must-read for all prospective and existing shareholders as it compiles nearly all of the due diligence on the ADL properties into one comprehensive document.
Satellite Imagery Report of Sr. Clemente Sepulveda Perez (Remote Sensor Analyst) Translated From Spanish
In February 2007, Medinah Minerals, owner of claims adjacent to Cerro Dorado's properties on the Alto de Lipangue plateau, disclosed the results and conclusions of a recent satellite imagery report performed by Clemente Sepulveda Perez. Sr. Perez was retained by both CVRD of Brazil (now referred to as "Vale") and also by BHP-Billiton for their due diligence measures in regards to the Lipangue property complex. The most significant of his conclusions are listed below:
1- "In this sector of study they are located; a deposit that can be classified like of type PORPHYRY OF COPPER-GOLD (in the zone of the plain of the Alto de Lipangue) and, in addition, a PORPHYRY OF MOLYBDENUM-COPPER in the contiguous area immediately located to the south of the previous one."
4- "The volume of identified mineral resources to date, reaches already to SEVERAL HUNDREDS OF MILLIONS OF TONS, mainly assigned to the added porphyries and skarn together."
7- "All the aforesaid samples clearly show that we are, as opposed to an old and famous mining district here, that today presents/displays a potential of resources, with which can without a doubt be classified WORLD CLASS."
Summary Geological Evaluation and Exploration Report By Terrance Smithson (P Geo.)
In April 2006, Terrance Smithson (P. Geo) for Tera Ex Engineering was commissioned to perform a summary geological evaluation on the "Lobo Solitario Project" (Cerro Dorado's properties on Alto de Lipangue) and the Lipangue Breccia Property for Medinah Minerals. According to the report, "Tera Ex Engineering Corp. was commissioned to research, evaluate, update and recommend a new exploration project based on A.C.A. Howe Limitada 43-101 statute reports 1999-2001 by Robert Cinits P.Geo. On the Lobo Solitario project for Cerro Dorado, Inc. and the adjoining Altos Lipangue project of Medinah Mining, Inc., the 2006 program included the planning of a new road system access to the south on newly attained staked claims including the Carrizo and Concordia molybdenum deposits were being constructed to the south highway at Lampa. A new regional exploration model is being proposed and new recommendations and exploration budget 2006 is presented in this Summary report."
The following are some excepts from Smithson's report:
NEW GEOLOGICAL EXPLORATION PROGRAM USING A PORPHYRY STYLE MODEL
Video Tour of the Property is available here
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