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Selling to offtaker has its up and downside. If offtaker finances costs at a discount for set price of ore, profits help to get locked in at a set price, you will know what you will get for possibly years to come. Low startup cost, not looking for buyers. Downside, they have more influence on you, if price increase you sold to cheap. If it goes down they might try to renegotiate
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Possible financing options, Dilution of shares to raise funds, ( I hope they would not be interested with this, I like the outstanding share structure ). Toxic debt ( absolutely not ). Bank financing with line of credit. ( Best option if no offtake ). In the end they own equipment, and other assets but would need to be expensed over mine life.
Downside to financing, The cost of money borrowed will determine profits. If their is a collapse of ore price we are holding the bag with debt.
My vote is offtaker with 3-5 year contract with minimum price of $140 for the contract term with a maximum price set at a discount to offtaker of ore at time of load. ( If ore price @ time of load is $220, discount of 10-12% } would be great for both parties, they make money, we make money. Just my opinion
BENNY how about we work on $.20 first, Then we work up from there. "ROCKET LAUNCH OVER $1.00 COULD HAPPEN ANY MOMENT" what time frame, 1 day, 1 week, 3 months, etc. I am long this stock but some recent predictions and actions by people starting to make this look a little iffy.
Why is Clive selling when price will be $5, Address to El Salvador office please ?
So Benny should we sell now and repurchase at .02 so we end up with 7 times as many shares ? Really
Did BENNY just say this could go to .01 and bounce to $5 and watch it and learn ????
Will yesterday be our last chance to buy under.15 or will today, or will it be tomorrow, 5 minutes left Same bat time, same bat channel
Lots of noise on this stock but it continues to go down daily, people saying it will never be cheaper than yesterday, saying news drop short, saying $5, Company working towards multiple different things. This may be the most ADHD board I have seen. I only have one question, when will share count be announced, I thought that was the whole idea to expose the shorts.
400 Million in revenues and .10 per share
Bank gives 30 mil credit line @ prime + 3 to new OTC company. What does the Bank know that we should know.
Things that need to be addressed or completed before we move to what the real value of share price should be. Hopefully new CFO is addressing, he seems to be doing great job so far addressing financing and toxic debt.
Why no uplisting, expired, company needs to update share holders.
What happened to other possible mergers, time frame given also past.
Update web site with Investor information, news and stock pricing.
Company future looks fantastic, tell the right people about it,
UPLISTING needs to be completed to show you want to play with the big boys.
No news on Uplist or Mergers, would be nice to see company update
Skye good informative video
The Holy Grail for the treatment of glaucoma? Tune in. #pharma #biopharmaceutical #cannabis #cannabinoids #thc #thcvhs pic.twitter.com/qGvGyLIblM
— Benzinga (@Benzinga) June 2, 2021
SKYE + AERI = $$$$
NEW 52 WEEK HIGH
The World Gold Council on Grading
The World Gold Council defines a high-quality underground mine as having a gold ore density between 8 and 10 g/t, while a low-quality underground mine has a gold ore density of 1 to 4 g/t.5? Open-pit mines tend to have a lower grade, but they can be considered very valuable because of the lower average operating costs necessary to obtain them. 11
? The council recommends using cost per ounce, not gold ore grading, to evaluate a gold mine.
For underground mining, the World Gold Council defines between 8 and 10 grams per tonne as 'high-quality',
Tier change from Pink current, now Pink Limited, Not pumping, just read the info on lower tier
Guessing news around 31st with up listing deadline passing, If up listed there would be share count with current float ?
Public float on Market Watch and others.
2 weeks ago Market Watch reported 69 Mil float, beginning of this week they reported 87 Mil. Today they say 114 mil. Otc still says 69 mil but not updated since 12/20. Checked multiple others found 1 other that was 87 mil yesterday. Any thoughts on this, Does Market Watch and others update more often, and why 45 mil extra, Was there extra dilution and was this from company, or is this wrong.
Can not get my orders to fill just below ask, may need to slap
It is a mistake, did it before, wrong company
Marketbeat did it again, might get a bump
Would be nice if they are able to sign Offtake contracts this week with current pricing. They should be able to lock in profits for both LMRMF and sell to Offtaker and both be happy.
2/22/2021 uplisting lists 69 million float from company fillings
I would think if you had 35 mil shares converted it would have to reported as part of the float before it could enter the market, has to be a rule on when it had to be reported and updated before they enter the market and that they were converted.
If these are new shares being sold? When will the float numbers change. I thought once they are converted they became part of float and should have been reported.
The reason for targeting schools, If you watch the news, schools and school boards have been targeted by Zoom bombing during meetings. If schools use and feel safer than Zoom in this climate of security issues it will fly off the shelves. I would think that parents, family members and others would see SafeVchat for the first time, They might tell their employers, their friends and so on. I like it
Tell me if I am wrong. They are able to mine immediately and load on rail and ship just like they did previous years. The reason for new road and other infrastructure is to make it more profitable for long term life of the mine. So I think we could see mine open sometime this year while they due other improvements over next 12 months especially with high ore prices.
Need uplist and this is will becomes an animal
I will check for International, Good catch Thanks
Uplist First, Company PR on recent acquisition, PR on possible mergers, PR on how busy they are and forward looking statement about it. Than $ 1 share price is not hard to archive.
First thing I due every morning is check to see if uplisting has been completed, If it had been completed before earnings this would have reached a 52 week high, instead it was a waste of a great quarter of earnings, Hoping now if uplist is completed we still might get new 52 high, but my faith in more company, share holder info is fading. But this could still be a 5x- 10x in weeks if things get done in proper order.
Uplisting needs to be completed, there must be some issue or would have been completed by now. If you check others that have completed, there fillings dates are after UNQL. So someone needs to address this in the company. Up listing will make it harder for it to be manipulated, and will allow a broader marker to buy including some funds. Just my 2 cents.
Wow went for lunch, came back to see what happened here , Wow is all I can say. Company needs to complete uplist immediately to help protect value and get off pinks.
Just need uplisting and will be open to funds to buy, hopefully shortly
Just got another 7000 @ .2285 Thanks willing to wait for uplisting
Another 10000 @ ,2255 Thanks again
Put in bid for .225 got 5500 shares, are people nuts