Out today, Crux interview with Cerrado Gold. As pe
Post# of 30
What's surprising about this is they are listing around $2, compared to the shell that has a rollback price of only 42 cents. But this is only 5.5 million shares of the entire float and the shell had a good amount of cash in it.
November 28th Crux Interview With Cerrado Gold: https://www.youtube.com/watch?v=H_lO0YZh8Ew
Interview with Mark Brennan, CEO of Cerrado Gold
A private company chasing gold in Argentina and Brazil. Looking to go public in soon. We talk through the management teams relevant experience and successes of the past. So what's it like doing business in Argentina and how do they expect to grow that asset. Same questions asked for Brazil. Brennan runs through their business plan and maps out the sequence of spend and production and where they expect to spend their time and money. It's an ambitious plan, but they have delivered and monetised successive so they are confident in their abilities.
Take a look at their presentation https://www.cerradogold.com/investors and look out for the imminent IPO. The suggestion from Brennan is that the company will list at $140M and at around $2.
If you want to hear what we think of the company go to cruxinvestor.com/club where you can also get summaries of all our interviews (to save you time); Company Reports, exclusive insight on various macro trends in commodities, early access to our company interviews (stay ahead of the crowd); and a thriving community of intelligent investors sharing thoughts and ideas (but without the vitriol and trolling). Think Twitter meets Netflix.
0:00 - Introduction
1:01 - Company Overview
1:30 - Team Experience & Background
3:39 - Total Money Spent So Far
5:13 - Minera Don Nicolas, Argentina: The Plan, Timing, & Money Required
12:29 - Exploration Targets & Data Inherited
14:09 - Upside for Investors & Value of Asset
16:36 - Risks & Potential Problems: Mining in Argentina
28:37 - Monte Do Carmo, Brazil: The Plan for the Asset
35:54 - IPO in December: Discussing Timing, Investors, & Exchange