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I’m not concerned with Apache. I’m interested in Centaurus. The info I shared is about Centaurus.
Centaurus isn’t managing the operations in Chloride. They just get a royalty, if anything at all, from those ops. Other than that, Apache means nothing to me unless it’s directly related to a material impact on CTDT. If CTDT shares info specific to whatever goes on with Apache and it’s beneficial to CTDT, then that is material TO ME.
I’m interested in the plans CTDT going forward and I assume the large majority of the folks here are as well.
I’m not gonna sit here and argue the details with you about Apache being that this isn’t an Apache board.
Wish you the best in whatever you do. I’ll leave it at that.
Please Gitreal, feel free to contact Chris to elaborate and allow you to gather further details.
I’m simply informing the others on this board of my information and encouraging them to reach out for their specific questions.
That is all.
Reached out to Chris for general information. Took a few days to reply for personal reasons but he did indeed finally get back to me.
A few details he was able to share:
- awaiting early results from the Apache operations and they will be shared when they have them
- the company is primarily focused on executing their business plan and starting operations (prior reports state a target of Q3 which we are now in, I didn’t ask if that target is still valid)
- Chas has been working on the chill. It should be resolved in time as ops commence (best we can do is to maintain our patience)
- Chas has been “meeting with several [potential] partner businesses” and they hope to share more details in a few weeks
To reiterate: this wasn’t an attempt to pry for information, just to verify communication channels. I encourage anyone to reach out to Chris via email with any specific questions they may have.
I think we are close, just need to hang on a little longer. Most people here with a position have had to wait long before, as have I, and I understand the nuisance it may cause. Personally just think holding on a little longer is appropriate; clarity and progress will come.
Biz, Naval,
Please correct me if this understanding is incorrect.
CTDT entered into an agreement to buy 4 acres of a ~24 acre mining prospect with Apache. The agreement is that Apache will handle all mining/milling operations and tailings. CTDT will collect ANY gemstones and rare metals found. They are doing this for a 2% revenue override on ANY revenue Apache generates from the prospect.
CTDT will, in turn, collect 98% of the revenue from ANY gemstones and rare metals found. They will give Apache 2% of the total.
NOWHERE have I seen that CTDT is looking to mine diamonds or any other gemstones for that matter. CTDT doesn’t need to mine anything especially diamonds because their technology is to create them from carbon through their patented process which is undergoing the final stages of R&D/measurement specs.
CTDT is in this venture to create a secondary revenue stream and solely that. CTDT’s main revenue will come through industrial use diamonds in other forms and some man made diamonds for use in jewelry.
Following up from our PR last week, we have scanned and shared some documentation concerning the Chloride mine project at our website. https://t.co/4cn0IkyQOQ#CTDT #OTCQB #Chloride #MiningNews
— Centaurus Diamond Technologies (@CentaurusCtdt) May 22, 2019
Tom mentioned we could start hearing about some of their global partnerships around submission of BLA on one of the conference calls.
Those should be positive events as well. If those partnerships involve a sizeable upfront payment it could delay/prevent offering.
Then of course a BO is possible, some could say likely.
Many potential events on the horizon!
Here is last Friday’s article over Sesen in case someone hasn’t seen it:
https://seekingalpha.com/article/4264984
Author stated a roughly 80% approval probability amongst other things.
Beat me to it MaineMan!
Meeting today is to discuss the technology transfer with Fujifilm to ensure the commercial supply of Vici is of the same standard as used in the trials- that no quality is sacrificed on Fuji’s end which could materially affect the effectiveness of the drug.
The meeting June 6th is to discuss pre-BLA submission, to ensure all ducks are in a row for Sesen to submit the application shortly after the meeting (assuming all details are there and are sufficient).
Turnaround time from time of submission to FDA decision could be between 60-120 days? From what I’ve heard. Fast track plus BCG shortage could spur the FDA to approve sooner but I would expect a quarter between submission to approval decision.
Soon as the chill gets lifted this could blast off like it should’ve at the beginning of the year... hopefully!
Link:
We visited the Johnny Bull Mine in Chloride last week. Results will tell the story but we are excited to get started! Pictured here is Chas Radovich, CEO, at a tailings pile and pit. In the second picture you can see that mine in the foreground and two mines on the distant hill. pic.twitter.com/mGgzq5FOMu
— Centaurus Diamond Technologies (@CentaurusCtdt) May 16, 2019
New tweet (no new info) just two pictures at the site. Caption read as follows:
“We visited the Johnny Bull Mine in Chloride last week. Results will tell the story but we are excited to get started! Pictured here is Chas Radovich, CEO, at a tailings pile and pit. In the second picture you can see that mine in the foreground and two mines on the distant hill.”
Sounds like exciting times ahead!
Thanks Naval!
Looking forward to how this progresses and hope to hear about other plans for diamond cultivation/licensing agreements/ etc. soon!
I agree Biz, seems like a good deal.
“Additionally, both parties have agreed to share 2% of net revenue from their separate revenue streams that originate from the mining complex”
So CTDt will get 98% of the revenue they’ll realize from the gems, metals, and other for their products and diamonds as well as 2% passive portion of Apache’s revenues off the mine.
Being in oil and gas, I’m always hesitant to believe the estimated values as reported as they are often highest case and usually over inflated. But even if the mine only brings a total value of 10% of the stated 22 billion, that is still a great investment on Centaurus’ part!
Very optimistic to see what Q3 brings!
https://www.otcmarkets.com/stock/CTDT/news/Centaurus-Announces-the-10080000-Acquisition-of-the-Historic-Johnny-Bull-Mine-and-Newly-Discovered-Diamond-and-Gemstone-?id=228657
In exchange for 10 million shares of Centaurus' stock and $80,000 in cash, Apache will conduct operations on Johnny Bull Mine and grant all recovered diamonds, sapphires, emeralds, and gemstones to Centaurus. Apache will also sell all noble metals and rare earth minerals to Centaurus at 20% below spot market price. Additionally, both parties have agreed to share 2% of net revenue from their separate revenue streams that originate from the mining complex.
The Johnny Bull Mine is a 24-acre lot adjacent to the famous gold mining town of Chloride, Arizona and is less than 90 minutes away from Las Vegas. Eight holes were dug in the early 1900's along a Kimberly dyke and are spaced between 200 and 370 feet apart. Operations ceased when the Federal Government banned non-strategic mining during WW2, mining operations have not resumed until now. Due to modern improvements in technology it is now practical to harvest the remaining value from the milled and mined tailings piles.
Apache has hired Sierra Enterprises, LLC to commence operations in late May. Over one million tons of tailings are available for immediate processing, the entire ore deposits are estimated to be worth $22 billion.
In order to verify the mineral wealth, spectroscopic assays were carried out from the same locations that were assayed in the past by William Crutchfield, Jr. for the Santa Fe Railroad in 1980. To our pleasant surprise, all eight locations had hit a rich Kimberly Dyke, due to a local caldera formed as a result of volcanic activity. The most promising pit assay detected 1.6 oz./ton of gold and 14.5 oz./ton of silver, high amounts of lead and zinc, and a very rich gemstone deposit.
CEO Chas Radovich stated, "After reviewing the latest spectroscopy assay data and imagery, as well as the third party assay reports, it made for an easy decision for our Board of Directors in the interest of our shareholders. We have minimized our costs and risks in this venture and stand to profit greatly as we integrate these "Made In America" diamonds and gemstones into our operations for both industrial and jewelry-grade use."
Doesn’t help that the entire market is red. Dow down 500+? Yea, that’ll do it.
May 1, Naval said they’ll release their news when the deal is done. They are probly still waiting on it to close.
Encouraging to see a pulse!
Ahh I see it now.
Thanks for the catch Bill!
Folks, 10-k was posted Monday if anyone didn’t already know.
Cheers,
Tex
Here’s a link to the Laidlaw analyst report for the most recent quarter in case you haven’t seen it. Had an $8 PT through last year. Revised downward to $5 with an explanation in there.
https://laidlawcm.com/wp-content/uploads/2019/03/SESN-2019-03-04-4Q18.pdf
KC, I could imagine anywhere from $3-12 rationally based off projections and analysis I’ve looked through.
$3 is a steal at any point, $12 seems unreasonable now, but if they do get approval for Vici. That’s still a bargain for the annual estimated value of the market.
$3 (~250MM market cap) could be considered fair knowing only today’s information or buying with the risk of denial from FDA. $7 (~500MM mc) could be fair based solely on drug approval. $12 (~1B mc) could be fair based on the estimated 4-6 billion annual costs to treat/revenue. If you assume they aren’t “gold standard” or only draw a quarter of estimates, that lands 1billion in the fair column.
If they aren’t acquired this year and if news from combo trial comes through positive like they expect, the B/O premium could be well more in the future.
Too many potential outcomes to not have a range.
I agree, but if it were true, that would be fantastic! We can still speak hypothetically
https://twitter.com/smallinvestorhq/status/1121253887896276992?s=21
Hmmmmmm...... BIG if true
I could have sworn they had to divest their shares to stay listed on the Toronto exchange or something like that and they decided to distribute their shares hence the reason for the dividend
Naval, Can you or a mod pin your last reply to questions to the top please?
Spot on Decimus
Agreed. 6-7 to me is face value. MC roughly 400-500 mil. I don’t think a 10-13 buyout is unreasonable if the drug pulls 4-6 Billion is annual revenue. So much more possibility with checkpoints we still don’t have much data on. IF it does become gold standard, that makes it all the more valuable!
Whatever happens I’m happy to be here and congrats to you all who have way more shares than me!
Seen speculation of an offering imminent. Even though they have 50 mil cash, they recorded about 22.5 mil annual burn. That number likely drops as the trial(s) conclude. I personally don’t agree with offering at this stage if Fuji is going to manufacture.
I still am on team buyout. Would personally love a 1-2 Billion buyout offer which is still 30-50% discount to annual sales estimate ($4-6 billion annually) and well above my basis. At 77 million shares O/S, every $1 billion on B/O offer is $12-13/share.
Bring it home Tom!
Agreed.
Not sure, I guess I caused irrational fear or something...
Haha, jay yes I did mean naval but I clicked reply on your post. My apologies.
Naval, as the rest have stated, very much appreciated for your reply.
Have a blessed weekend all.
The irrational fear part is false. Anyone who’s been following this for a while has known about the delisting notice and I’m simply pointing out we are five more closes above a dollar from regaining compliance, but carry on son.
Four or five more days to regain listing compliance!
Yes KK I’ve been watching this enough years to know that, my post earlier was apparently a failed attempt to rid this board of negativity heading into the weekend. When my funds free up I’ll buy more.
I know right! I’m probly too optimistic but screw it.
Don’t fret just stay long. They said Q3 in their last release so I think it’s fair to give them till then (even if it’s been “too long already” or “broken promises”).
If what we know is indeed true and their report of licensing deals holds valid, this will go. All of this is my opinion and only that.
Thanks Maui. I’m getting mine done this Saturday.
I agree, I think management has a plan, just would like more color on it.
Chris, thanks for checking in. Frankly that’s all I needed to hear. I haven’t emailed you as I didn’t know if you were heavily involved and haven’t seen you post in here for a bit. Any questions I have will go to you from here forth.
I haven’t called Chas as i personally am not a fan of phone calls when an email will suffice and is easier to get to when the recipient gets free time.
I was mainly looking for some slight assurance that a plan was in place which it seems to be from your words.
Thanks again.