Regulus Res -> Der Antares Spin-Off (Seite 7)

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Cup and Handle

Zunächst Richtung 2,25 Dollar

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Präsentation durch Joe Mazumdar: MIF 05.05.17



Ein Besucher von Ceo.ca berichtet:

@cole119: Regulus is new to me, just been following the chat for the last few weeks. John gave a solid presentation. Very straight forward, felt sincere and genuinely optimistic. Nothing overpromised, not rushing for a resource update. Jan 2018 I believe he said. They want to drill total 100,000 meters, confident there is huge resource growth upside, stated approx 3 full years of drilling to get there. It's taken a long to me to get here, because of the complicated ownership of the land claims where the resource is/ neighbours, etc. Had to ensure any joint agreements were not detrimental to shareholders. Those with knowledge of the story probably know about that. Thats kinda what I remember.

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Regulus Announces Drilling Underway at Flagship Antakori Copper-Gold Project, Peru

VANCOUVER, British Columbia, April 25, 2017 (GLOBE NEWSWIRE) -- Regulus Resources Inc. ("Regulus"), (TSX.V:REG) is very pleased to announce that diamond drilling has commenced at its AntaKori copper-gold project in northern Peru. This initial drilling program will total 15,000-18,000 m of diamond core from 20-25 holes averaging 700-800 m in depth. Drilling has commenced with one drill rig, with plans to increase to a total of four drill rigs by mid-year to allow completion of the program by approximately October. The objective of the program will be to better characterize and increase the size of the existing resource at AntaKori, culminating in an updated NI 43-101 resource estimate with a target date for completion of January 2018.

The AntaKori project currently hosts an inferred resource of 294.8 million tonnes with a grade of 0.48% Cu, 0.36 g/t Au and 10.2 g/t Ag based upon 17,950 m of drilling by previous operators (see Southern Legacy Minerals press release of July 3, 2012) (Southern Legacy Minerals and the Company entered into a business arrangement in 2014 and kept the name Regulus Resources Inc.) Mineralization remains open in most directions and the current drilling program will approximately double the total drill meterage at the project... .

John Black, Chief Executive Officer of Regulus, commented as follows: “There is a great amount of satisfaction and excitement to see a drill rig turning at AntaKori after several years of patient and diligent work to get everything set up for this moment. Despite a setback of a few weeks due to unusually heavy rains that wreaked havoc with roads and bridges in northern Peru and delayed the arrival of drilling equipment, we now have the first rig operating and are well-positioned to ramp up the program in the following months. This initial drilling campaign will total 15,000-18,000 m leading to an updated resource estimate by a target date of January 2018. Upon completion of this phase of drilling, we will likely move directly to the next phase with continuous drilling anticipated for the next several years as we define the full extent of the AntaKori mineralization.”

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https://clients.haywood.com/uploadfiles/secured_reports/JrXA…

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Soooooorry:-)

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Friedland on the state of copper

In a keynote address at Mines and Money Asia in Hong Kong yesterday, Friedland said while global warming remained a contentious debate, air pollution was a crisis that needed an immediate solution.
“It’s going to have a wicked effect on some raw materials,” he said.
He spoke of a “mushrooming mindset” in Europe and North America regarding the movement to electric vehicles.
“The transformation of the auto industry in the next 20 years will be the most significant transformation of our time,” Friedland said.
“But it’s in China where we’re going to have the biggest disruption.”
Friedland said anyone who didn’t believe the Chinese government’s pledge to return to blue skys was an “idiot”.
“The era of electric vehicles is dawning,” he said.
“This change is coming at you so fast – the only reason you don’t know about it is that the mining industry is populated by stupid people like me.”
Friedland said if one in 10 Chinese cars switched to hydrogen fuel cell cars, global platinum production would need to double to meet demand.
“But there’s only one commodity that benefits from the evolution of technology,” he said.
“Copper.”

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Schon ein Monat alt, aber sehr aufschlussreich:

Friedland on the state of copper

In a keynote address at Mines and Money Moneyin Hong Kong yesterday, Friedland said while global warming remained a contentious debate, air pollution was a crisis that needed an immediate solution.
“It’s going to have a wicked effect on some raw materials,” he said.
He spoke of a “mushrooming mindset” in Europe and North America regarding the movement to electric vehicles.
“The transformation of the auto industry in the next 20 years will be the most significant transformation of our time,” Friedland said.
“But it’s in China where we’re going to have the biggest disruption.”
Friedland said anyone who didn’t believe the Chinese government’s pledge to return to blue skys was an “idiot”.
“The era of electric vehicles is dawning,” he said.
“This change is coming at you so fast – the only reason you don’t know about it is that the mining industry is populated by stupid people like me.”
Friedland said if one in 10 Chinese cars switched to hydrogen fuel cell cars, global platinum production would need to double to meet demand.
“But there’s only one commodity that benefits from the evolution of technology,” he said.
“Copper.”

Friedland believes copper demand will soar due to its widespread use in new technology and the lack of discoveries.
“Don’t worry about the copper price today,” he said.
“You’re really going to feel it bite you on the derriere by 2021.
“You’re going to need a telescope to see the copper price in 2021!”
Friedland said to meet demand, copper production would need to double and it “ain’t gonna happen”.
And declining grades and reserves are only going to exacerbate the problem.
“Most copper mines today are like little old ladies waiting in bed to die,” Friedland said.
Even if no new technology was adopted, Friedland said there still wouldn’t be enough copper.
“This is a nightmare coming soon to a theatre near you,” he said.
“New technology is wildly copper intensive. Copper will be the most valuable of all metals.”

[CommunitySupport [wO]]

Liebe Community,

in diesem Thread kann jetzt wieder diskutiert werden.

VG

[KaOzz]

Antwort auf Beitrag Nr.: 42.498.071 von KaOzz am 19.12.11 11:44:26

Die ärscheln sich noch ganz gut raus...

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Regulus and Pachamama Announce Agreement to Merge, Proposed Financing and New Drill Results

WATERDOWN, ONTARIO--(Marketwire - Feb. 8, 2012) -

NOT FOR DISTRIBUTION TO US NEWSWIRE SERVICES OR FOR DISSEMINATION TO THE UNITED STATES

Regulus Resources Inc. ("Regulus")(TSX VENTURE:REG) and Pachamama Resources Ltd. ("Pachamama")(TSX VENTURE:PMA) are pleased to announce the signing of a binding letter of intent dated February 8, 2012 (the "LOI") that provides for a merger of the two companies (the "Merger"). Regulus and Pachamama each own a 50% interest in the Rio Grande copper-gold porphyry project in Salta Province, Argentina. The two companies also intend to complete an equity financing of a minimum of $20 million in conjunction with the Merger in order to carry out the next phase of exploration on the Rio Grande project. First Quantum Minerals Ltd. ("First Quantum", FM TSX) has agreed to subscribe for that number of units of the proposed financing that will result in First Quantum owning 9.9% of the merged company. First Quantum currently owns approximately 9.9% of the outstanding shares of Regulus and no shares of Pachamama.

Wayne Hewgill, President of Regulus, and John M. Leask, President of Pachamama, commented as follows:

"The objective of the proposed merger is to combine our respective 50% interests in the Rio Grande copper-gold porphyry project in Argentina into one company. This will better position us to move forward with an aggressive drill program in 2012 to test the recent high- grade discovery hole (RGR-11-086) encountered in the Southwest Zone (see press releases of each of Regulus and Pachamama issued Dec 14, 2011) and to test other priority target areas on the property. Exploration to date has demonstrated that Rio Grande is a large, mineralized porphyry system that warrants an extensive drill program. Management of both companies believe that unitizing ownership of the Rio Grande project into a single company will enhance value for both Regulus and Pachamama shareholders as exploration of Rio Grande is aggressively pursued. We are delighted to have the support of First Quantum for this transaction. We intend to proceed quickly to complete the documentation and to call shareholder meetings as required to approve the Merger."

While management of both companies are strongly supportive of the proposed Merger, readers are cautioned that completion thereof is subject to several conditions including execution of formal documentation, regulatory approvals including approval of the TSX Venture Exchange (the "TSXV"), shareholder approvals, confirmatory diligence and closing of the proposed financing. No assurance can be given at this time that the proposed Merger will be completed or that the terms of the Merger and financing will not change materially from those described below.

Merger Terms

The LOI provides that the Merger will be based on the relative valuations of Regulus and Pachamama as agreed to by management of the two companies. Most of the value of each company is derived from its respective 50% interest in the Rio Grande project. After adjustments to account for estimated current working capital balances and for value ascribed to other assets of each company, an exchange ratio of 0.815 shares of Regulus for each share of Pachamama has been agreed to. If there is a difference in the financial information on the date of execution of the definitive agreement in respect of the Merger that would result in a difference in the foregoing exchange ratio of greater than 0.001 of a share; the parties have agreed to adjust the exchange ratio to reflect such difference.

The specific structure of the Merger has not yet been finalized but the parties will agree on the best way to effect the Merger having regard to all applicable corporate, tax and securities issues, including applicable laws and regulations in Argentina.

Financing Terms

Regulus and Pachamama intend to complete an equity financing (the "Financing") in conjunction with the Merger of a minimum of $20 million. The proposed Financing will be in the form of subscription receipts of Regulus at a price of $1.15 per subscription receipt, which will convert into units of the resulting issuer. Each unit will consist of one share and one half of a common share purchase warrant. The warrants will be exercisable at $1.60 for a period of 24 months from closing of the Financing into escrow. Proceeds from the Financing will be placed in escrow on closing of the Financing and will be released to the Resulting Issuer upon closing of the Merger.

First Quantum has agreed to subscribe for that number of units of the proposed Financing that will result in First Quantum owning 9.9% of the resulting issuer. First Quantum currently owns approximately 9.9% of the outstanding shares of Regulus and no shares of Pachamama. The resulting issuer will also grant First Quantum a contractual pre-emptive right to maintain its 9.9% equity interest in the resulting issuer in the event of future financings.

Regulus has retained Dundee Capital Markets to lead this Financing and the syndicate will also include Axemen Resource Capital Ltd.

...

Rest der Nachricht:

http://tmx.quotemedia.com/article.php?newsid=48242551&qm_sym…

[KaOzz]

Antwort auf Beitrag Nr.: 42.490.245 von fuchsdennis am 16.12.11 11:23:49

Regulus Discovers New Gold-Rich, High-Grade Copper-Gold Zone at Rio Grande

Naja... das is wohl eher ein Witz...

Aber die Cu-Grades sind wirklich nicht so schlecht... zusammen mit den Gold-Grades könnte was rentables dabei rausspringen, wenn sie Glück haben.

Aber mittlerweile ist der Laden zum Ofen geworden... und der ist kein guter Geldaufbewahrungsort