Minds + Machines Share Discussion Threads

[21ant] 18/2/2021 10:19

Hell - what's going on here then?? Up 35%??

[jackson83] 17/2/2021 20:34

bottom draw for another 12 / 24 months ... risk a top up in the 3p's or at 4p ... jam tomorrow never ending problems stock RED FLAG

[stu31] 16/2/2021 18:26

Maverix Beats 2020 Guidance with Record Fourth Quarter Attributable Gold Equivalent Ounces
16/02/2021 2:00pm

Maverix Metals Inc. (CNW Group/Maverix Metals Inc.)

All amounts are in U.S. dollars unless otherwise indicated.

VANCOUVER, BC, Feb. 16, 2021 Maverix Metals Inc. (the "Company" or "Maverix") (NYSE American: MMX) (TSX: MMX) is pleased to announce record attributable gold equivalent ounces for the fourth quarter and full year ended December 31, 2020 and provide guidance for 2021.

Dan O'Flaherty, CEO of Maverix, commented "Maverix had another year of tremendous growth in 2020, achieving a new Company record for attributable gold equivalent ounces, exceeding our 2020 guidance, and expanding our royalty portfolio with the acquisition of 10 gold royalties. We look forward to building off this performance with further growth in 2021, driven in large part by the push towards development and production at a number of the underlying precious metals assets where we hold royalties."

Fourth Quarter and Full Year 2020 Highlights

Record fourth quarter attributable gold equivalent ounces sold of 8,8361, an increase of 25% from Q4 2019;
Record annual total attributable gold equivalent ounces sold of 28,9161, exceeding guidance and an increase of 20% from 2019; and
Acquired a portfolio of 10 gold royalties from Newmont Corporation, including a 2.0% net smelter return ("NSR") royalty on the Camino Rojo project currently in construction, with the first gold pour expected in Q4 20212.
2021 Outlook

In 2021, Maverix expects 27,000 to 30,000 attributable gold equivalent ounces1 at approximately a 90% cash margin with approximately 99% of expected revenue derived from gold and silver. Similar to 2020, the Company expects gold equivalent ounces to be weighted towards the second half of the year.

Asset Portfolio Updates

Hope Bay (1% NSR)

On February 2, 2021, Agnico Eagle Mines Limited ("Agnico") completed the acquisition of TMAC Resources Inc. and is now the owner of the Hope Bay mine in Nunavut, Canada. On February 11, 2021, Agnico announced that it plans to continue mining at the Doris deposit in 2021 with quarterly production expected to be approximately 18,000 to 20,000 ounces of gold. Agnico plans to ramp up a property wide exploration program in 2021 with 39,800 metres of drilling planned for exploration targets around the Doris, Madrid and Boston deposits and other targets along the 80 kilometre long greenstone belt. Agnico believes that Hope Bay has the potential to be a 250,000 to 300,000 ounce per year operation and will continue to evaluate optimal mining and milling strategies for future production.

Maverix and Agnico have completed the previously announced buy back of 1.5% of the net smelter return royalty that Maverix owns on the Hope Bay mine. Maverix received a cash payment of $50 million from Agnico on February 12, 2021. Maverix retains a 1% net smelter return royalty on the Hope Bay mine which is not subject to any further reductions.

For more information, please refer to agnicoeagle.com and see the news release dated February 11, 2021.

Moss (100% Silver Stream)

On February 12, 2021, Northern Vertex Mining Corp. ("Northern Vertex") completed the previously announced business combination with Eclipse Gold Mining Corp. Pursuant to the terms of the business combination, Maverix sold 19,511,041 common shares of Northern Vertex and received net proceeds of approximately C$9.8 million, realizing a gain on the sale of approximately C$2.0 million.

Credit Facility Repayment

Maverix will use part of the proceeds received from the royalty buy back transaction with Agnico to repay the outstanding amount on the Company's revolving credit facility. Post repayment of the credit facility, Maverix will be debt free and have access to the full $120 million available under its credit facility, while holding cash and short-term investments of approximately $50 million.

1 Maverix has included certain performance measures in this news release that do not have any standardized meaning prescribed by International Financial Reporting Standards ("IFRS"). The Company's royalty revenue and silver sales are converted to an Attributable Gold Equivalent ounce basis by dividing the royalty revenue and silver sales for a period by the average gold price based on the LBMA Gold Price PM Fix per ounce for the same respective period. These Attributable Gold Equivalent ounces when combined with the gold ounces sold from the Company's gold streams (individually and collectively referred to as "Attributable Gold Equivalent") equal total Attributable Gold Equivalent ounces sold and may be subject to change. The presentation of these non-IFRS measures are intended to provide additional information and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with IFRS. Other companies may calculate these non-IFRS measures differently. The 2021 forecast herein assumes a gold price of $1,700 per ounce and a silver price of $21 per ounce. The forecast was derived using information that is available in the public domain as at the date hereof, which included guidance and estimates prepared and issued by management of the operators of the mining operations in which Maverix holds an interest. The forecast is sensitive to the performance and operating status of the underlying mines. None of the information has been independently verified by Maverix and may be subject to uncertainty. There can be no assurance that such information is complete or accurate. Maverix's business, operations, financial condition and financial outlook could be materially adversely affected by the continued impact of the COVID-19 global health pandemic. At this time, Maverix cannot reasonably estimate the duration of any potential business disruptions, impact to underlying operations that Maverix holds an interest in or any related financial impact that is related to or caused by COVID-19.

[jackson83] 14/2/2021 10:06

predictions for this share price in 10 years ? 100p anyone or below 5p again lol

[hotaimstocks] 12/2/2021 19:43

bring on the sellers as I wish to top up in the 3p's / 4p ... nobody see value at 5p so mm's need to drop it ASAP ...

[hotaimstocks] 11/2/2021 10:09

MY ONE TRADE broken down into 4 trades ..
bought back in today as expect a 50% gain soon... news on its way ... target exit price 7.5p / 8p

[jackson83] 06/2/2021 02:15

without news this will drift back down to the 3p's again.

[waldron] 05/2/2021 18:02

Delayed London Stock Exchange - 02/05 04:35:24 pm

4.9 GBX --.--%

[waldron] 05/2/2021 18:00

3 February 2021

For release: 07.00, 3 February 2021

Minds + Machines Group Limited

("MMX" or the "Company")

Confirmation of CEO Board Appointment

Further to the announcement of 25 January 2021, Minds + Machines Group Limited (AIM: MMX), one of the world's leading owners and operators of Internet Top-Level Domains ("TLDs"), confirms the appointment of Tony Farrow to the Company's Board.

Additional information

The following information is being disclosed pursuant to Rule 17 and paragraph (g) of Schedule 2 of the AIM Rules for Companies.

Anthony Leonard Farrow, aged 55, has been a director or partner of the following companies or partnerships during the five years preceding the date of this announcement:


Current directorships: Past directorships (last five
years)
6214479 Canada Inc. n/a
6802541 Canada Inc.
Origine Nature Inc.
Rôtisserie Mont-Tremblant
Inc.


Mr Farrow holds 750,000 ordinary shares of no par value in the Company ("Ordinary Shares") and 750,000 restricted stock units over Ordinary Shares.

[jackson83] 04/2/2021 06:16

looking forward to the next 12 / 24 months to see if I can get my money back on this junk unloved stock.

[stu31] 03/2/2021 00:24

Maverix Metals Provides Asset Update
02/02/2021 2:23pm

VANCOUVER, BC, Feb. 2, 2021 /PRNewswire/ - Maverix Metals Inc. (the "Company" or "Maverix") (NYSE American: MMX) (TSX: MMX) is pleased to provide an update on recent developments from the Company's royalty portfolio.

Dan O'Flaherty, CEO of Maverix, commented "Maverix had another successful year capped off by the acquisition of a portfolio of 10 gold royalties from Newmont in the fourth quarter. The portfolio has already delivered increased value through the positive updates at the Camino Rojo and Cerro Blanco gold projects. Additionally, we are tremendously excited about the significant advancements made on several other underlying assets where Maverix has a royalty or stream interest. The Company's royalty portfolio continues to benefit from many encouraging developments with further catalysts expected for 2021."

Hope Bay

On February 2, 2021, Agnico Eagle Mines Limited ("Agnico") completed the acquisition of TMAC Resources Inc., the owner of the Hope Bay mine in Nunavut, Canada. Agnico has provided notice to the Company that it intends to exercise the buyback right with respect to 1.5% of the total 2.5% NSR royalty that the Company currently owns on Hope Bay for a cash payment of $50 million.

Maverix will retain a 1% NSR royalty, which is not subject to any further reductions, on the Hope Bay mine and along its 80 kilometre Archean greenstone belt. Agnico is expected to continue operating Hope Bay while it ramps up exploration efforts at both the mine and regionally. Maverix looks forward to having Agnico as an operating partner at Hope Bay given its expertise in Nunavut and capability to maximize the value of the mine.

Maverix intends to use the cash proceeds from the exercise of the buyback to fully repay its outstanding debt and will be well positioned for future royalty or stream acquisitions.

For more information, please refer to www.tmacresources.com and see the news release dated February 2, 2021.

Camino Rojo (2% NSR)

On January 11, 2021, Orla Mining Ltd. ("Orla") announced the results of an updated feasibility study for the Camino Rojo oxide gold project after the recently completed layback agreement with Fresnillo plc. The updated feasibility study highlights a 54% increase in contained gold mineral reserves and an updated mine life of over 10 years with an average gold production rate of 94,000 ounces per annum. The mine is currently in construction with first production planned for late 2021. Maverix has a 2% NSR royalty on the oxide and transitional ore production from Camino Rojo, which covers all the ore included in Orla's updated feasibility study.

For more information, please refer to www.orlamining.com and see the news release dated January 11, 2021.

Beta Hunt (4.75% Gold GRR/NSR + 1.5% Nickel NSR)

On December 16, 2020, Karora Resources Inc. ("Karora") announced an updated mineral resource and reserve estimate for Beta Hunt. Gold reserves increased by 176,000 ounces and measured and indicated resources increased by 111,000 ounces, increases of 57% and 12%, respectively, over the November 2019 estimates. Karora continues to aggressively explore Beta Hunt and in 2020 was focused on infill and extensional drilling of the A Zone and Western Flanks. The updated mineral resource does not include the recently discovered high grade Larkin Zone discovered south of the Alpha Isla Fault, which requires further drilling and is expected to be included in the 2021 update. Karora also announced an updated nickel measured and indicated resource at Beta Hunt, the first since 2016, of 16,100 tonnes of nickel at a grade of 2.9%. Maverix has a 4.75% royalty on gold production and a 1.5% NSR royalty on nickel production at Beta Hunt.

For more information, please refer to www.karoraresources.com and see the news release dated December 16, 2020.

Moss (100% Silver Stream)

On December 7, 2020, Northern Vertex Mining Corp. ("Northern Vertex") announced a business combination with Eclipse Gold Mining Corp. and a concurrent C$20 million equity financing. The financing closed on January 14, 2021 and the business combination is expected to close on or around February 12, 2021. Northern Vertex is currently undertaking a 13,700 metre Phase II infill drilling and resource expansion program and an updated mineral resource estimate is expected in 2021. A key priority is delineating the East/West strike length of the Ruth Vein, which is located adjacent to the Moss open pit, and has been mapped for over 2 kilometres on surface. Maverix has a stream agreement to purchase 100% of the payable silver produced at Moss at an ongoing price equal to 20% of the spot price of silver.

For more information, please refer to www.northernvertex.com and see the news releases dated January 14, 2021, December 7, 2020 and November 3, 2020.

Morondo (2% NSR)

On January 28, 2021, Montage Gold Corp. ("Montage") announced an updated mineral resource at its Morondo gold project in Cote d'Ivoire. The inferred mineral resource at the Kone deposit was increased significantly to 3.2 million ounces of gold at a grade of 0.80 grams per tonne. A 35,000 metre drill program is currently underway targeting further growth in resources and infill drilling. Montage expects to release a preliminary economic assessment in early April 2021 and a feasibility study before the end of 2021. Maverix has a 2% NSR royalty on the Morondo project.

For more information, please refer to www.montagegoldcorp.com and see the news release dated January 28, 2021.

Cerro Blanco (1% NSR)

On January 26, 2021, Bluestone Resources Inc. ("Bluestone") provided an update on its Cerro Blanco gold project in Guatemala. During 2020, a project readiness update ("PRU") was undertaken which involved a review of the current mine plan, engineering, process flow sheet, capital and operating cost estimates, along with the execution strategy. The mine is expected to produce approximately 113,000 oz of gold per annum with a mine life of 9 years, which is one year longer than envisioned in the feasibility study. The PRU will be further optimized in the first half of 2021 following the completion of an updated mineral resource estimate and mine plan to incorporate the recently completed 2020 drill program. In addition, Bluestone continues to advance project financing for Cerro Blanco with the completion of independent technical engineering, environmental, and social reports along with advancements to long-form term sheets in 2020. Bluestone has indicated that further corporate and project finance updates will be provided in Q1. Maverix has a 1.0% NSR royalty on the Cerro Blanco project.

For more information, please refer to www.bluestoneresources.ca and see the news release dated January 26, 2021.

McCoy-Cove (1.5-3.5% NSR)

On December 16, 2020, Premier Gold Mines Limited ("Premier") announced that they have entered into a definitive agreement whereby Equinox Gold Corp. will acquire all outstanding shares of Premier. Concurrently, Premier will spin-out to its shareholders shares of a newly created US-focused gold production and development company called i-80 Gold Corp., which will include the McCoy-Cove project in Nevada, USA as a core asset. On January 18, 2021, Premier announced an updated preliminary economic assessment ("PEA") for McCoy-Cove which outlined an 8-year mine life producing an average of 102,000 ounces of gold per annum. The PEA assumes mining of mineral resources in the Helen and Gap deposits only and potential exists to increase mineral resources as both the deposits remain open for expansion. The focus for the remainder of 2021 and 2022 includes laboratory and economic evaluations of alternative processing methods, optimizing the mine plan with the hydrological model, completion of baseline studies needed to commence an EIS, and beginning development of an exploration decline to support underground diamond drilling to upgrade and increase mineral resources. Completion of these activities and a feasibility study is expected to occur in 2023 – 2024. Maverix has a 1.5% NSR royalty that covers the entire McCoy-Cove property and an additional 2% NSR royalty that covers a portion of the McCoy-Cove property.

For more information, please refer to www.premiergoldmines.com and see the news releases dated December 16, 2020 and January 18, 2021.

Relief Canyon (2% NSR)

On January 11, 2021, Americas Gold and Silver Corporation announced that commercial production was achieved at its Relief Canyon mine in Nevada, USA, and that full ramp up from the operation is targeted for mid-May 2021. Maverix has a 2% NSR royalty on a portion of the Relief Canyon mine.

For more information, please refer to www.americas-gold.com and see the news release dated January 11, 2021.

[hotaimstocks] 02/2/2021 07:10

how low will this have drop before new investors see value ? 4p or 3p

[hotaimstocks] 01/2/2021 01:55

most of us will be dead before we see a profit.

[jackson83] 31/1/2021 20:48

unfortunately it could be another 10 yrs before we all break even in this junk stock

[waldron] 31/1/2021 17:48

Delayed London Stock Exchange - 01/29 04:35:16 pm

4.75 GBX --.--%

[transhoneyqueens] 29/1/2021 04:33

I will risk a top up in the 3p's again ... only risk what you can afford to lose folks.

[sarkasm] 28/1/2021 08:27

Minds + Machines : Down 8% Ahead Of Gloomy 2020 Results; Interim CEO Takes Full Charge
01/25/2021 | 09:54am GMT


(MT Newswires) -- Minds + Machines Group (MMX.L) shares were down 8% Monday morning after the company painted a somber picture ahead of its 2020 results, while Tony Farrow has taken charge as chief executive following three months as interim CEO.

The domain assets owner said billings declined in 2020 by 3% compared with a year earlier, with growth seen in the majority of top-level domains, except for a material fall in AdultBlock billings. It added that 98% of billings were provided through the registrar channel, thus wiping out its historical reliance on one-off brokered sales.

Domains under management fell 19% in 2020 but did not lead to a loss in contribution, as the company is trying to shift the business to more profitable transactions. In 2019, DUMs were reported at $2.46 million.

Nevertheless, the group said 2020 total revenue was "largely in line" with the $18.9 million reported in 2019.

MMX said costs associated with a restructuring of its staff, a reduction of 20%, did not deliver cost savings but said this will materialize in 2021.

Price (GBP): £4.40, Change: £-0.40, Percent Change: -8.33%

[hotaimstocks] 28/1/2021 05:26

share price holding up better this week.

[jackson83] 26/1/2021 22:25

maybe 14p takeover in 2022 ? OR WILL WE WE UNDER 4P again. patience needed after 10 years of crooks running this into the ground lol.

[grupo guitarlumber] 25/1/2021 21:00

25/01/2021 7:01am
UK Regulatory (RNS & others)

Minds + Machines (LSE:MMX)



Monday 25 January 2021


TIDMMMX

RNS Number : 6823M

Minds + Machines Group Limited

25 January 2021

Minds + Machines Group Limited

("MMX" or the "Company")

Trading Update and Appointment of new CEO

Minds + Machines Group Limited (AIM: MMX), one of the world's leading owners and operators of Internet Top-Level Domains ("TLDs"), is pleased to provide the following trading update for the year ended 31 December 2020 ("FY 2020"). At the time of this update, all numbers are unaudited.

CEO Appointment

The Board of Directors is pleased to announce that Tony Farrow, who re-joined MMX at the end of October as Interim CEO has been appointed CEO of the Company. Mr. Farrow will also join the Board of Directors following completion of regulatory due diligence.

Commenting on FY 2020 trading, Tony Farrow said:

"It is great to be back working with the MMX team. Our FY 2021 plan will focus on AdultBlock sales, extensive release of inventory to the market, quality registrations with the view of future renewal revenue and standardized promotions for our channel partners. It is a straightforward business where focus must remain on the quality of our domain registrations and promotions with our channel partners. We lost some of the momentum after the initial launch of AdultBlock in FY 2019. However, FY 2021 was always the target year for the full rollout of this new product, and I am encouraged by the dialogue with our channel partners to really move AdultBlock in FY 2021. I look forward to sharing more insight and information when we release our FY 2020 results in the Spring."

Trading Update

MMX revenues in FY 2020 were largely in line with those for FY 2019. Renewal revenue remained consistent in FY 2020 at 68%. FY 2020 new standard registration revenue increased to 24% with reduced dependency on premium domains.

Billings declined 3% year on year, reflecting increases in most TLDs but a significant drop in AdultBlock billings in FY 2020 following its initial launch in FY 2019. In FY 2020 98% of billings were delivered through the registrar channel, eliminating the Company's historical reliance on one-off brokered sales.

Domains Under Management ("DUMs") declined 19% in FY 2020 compared to FY 2019, with no loss in contribution, reflecting an intentional shift by the Company to more profitable transactions. Continuing our sales efforts toward our higher margin TLDs will be a principle focus in FY 2021.

In addition to the departure of the Company's former CEO and CFO, in FY 2020 MMX also reduced its workforce by 20%. Severance costs associated with this right sizing means that the reductions did not result in cost savings in FY 2020, but the reduced staffing will reduce costs in FY 2021. No separation costs were paid to the former CEO and CFO.

The new executive team is also reviewing the contribution received from each of its TLDs and the growth prospects for each from new sales initiatives to ensure the carrying values associated with each TLD is appropriate going forward.

Cashflow from operations was $6.4m in 2020 (2019: $0.5M, including onerous contract payments of $6.6M). Cash at year end stood at $8.9m (2019: $6.6m) after share and option buy-backs in the year of $3.1M. Through the share buy-back programme and the cancellation or buy-out of employee share options and restricted share awards, in FY 2020 the Company reduced the number of common shares outstanding by 3% and its fully diluted shares outstanding by more than 8.5%. The Company remains debt free.

Notice of Final Results

A separate announcement confirming the publication date of the FY 2020 results will be made in due course.

[grupo guitarlumber] 25/1/2021 20:58

RNS Number : 6821M

Minds + Machines Group Limited

25 January 2021

Minds + Machines Group Limited

("MMX", the "Company")

Settlement Agreement

Minds + Machines Group Limited (AIM:MMX), the top-level domain registry company, announces that it has entered into a settlement agreement (the "Settlement Agreement") with the vendors of ICM Registry, LLC ("ICM"), including Mr Stuart Lawley, the former majority shareholder of ICM (together the "Settlement Parties") pursuant to recent alleged warranty claims, under the acquisition agreement entered into between the Company and ICM on 3 May 2018 (the "Acquisition Agreement").

Under the terms of the Settlement Agreement the Company has agreed to pay the Settlement Parties in aggregate US$1.0 million in full and final settlement of all claims brought by the Settlement Parties (the "Settlement") relating to the acquisition of ICM by the Company under the Acquisition Agreement.

Whilst the Directors believe that the alleged claims of the Settlement Parties are without merit, they believe the swift Settlement is in the best interests of the Company and allows it to focus on restoring shareholder value without the distraction of potentially expensive and time consuming litigation.

The Settlement Agreement will allow for a more positive relationship between the parties, including in particular Mr. Lawley, for the benefit of all MMX shareholders.

[jackson83] 25/1/2021 18:15

will top up hen we are at 3p ?

[effortless cool] 25/1/2021 07:30

Well, credit to waterloo01, the ICM warranty legal action was a genuine issue. Settled now, so let's just hope that is the last skeleton in the closet.

[jackson83] 21/1/2021 02:14

probably get delisted before we go to zero.