Gold- und Antimonminen

Bulgarian Commodity Trade OOD is our mining company with its headquarter in Bulgaria. The company is working on an exploration allotment of 72 km² in the western region of the country close to the capital city Sofia.

Bulgaria is a full member of the European Union and is said to be the most political stable Eastern Member in the EU. The country still seems to be poor, but with its natural resources it is on a very good way to economic vitality. Though the future of the country is golden, the vage level will stay at a low level for at least two decades.

The Bulgarian Commodity Trade OOD is privately owned by Marian Damyanov and Ingo Wolf. Both scientists dedicated their lives to Geology and Physics.

Marian Damyanov started his first company Start Consult in Pernik and assisted the local mining companies with analysis and planning. His employees are geophysicists, geochemists and engineers. Marian Damyanov keeps best contacts to the local politicians.

Ingo Wolf runs the Commodity Trade GmbH in Germany to sell precious metals to private and institutional investors. His engagement is supported by the own TV Channel www.commodity-tv.net.

He started as a systems integrator and service provider with special focus on net television and IP-TV content providing. The company is still based in Munich, Germany, and currently has more than 30 full time employees and some partner companies and subcontractors.

Founded as Bulgarian Commodity Trade OOD in 2013 the company got the right to explore and expoilt an area of 72 km² in the copper belt. Historical data showed rich deposits of gold, antimony and other metals. The measurements had been done for nearly 20 years with a team of 30 civil servants. During the last year the data has been validated by Samples that had been taken at the surface and in galleries. The results of the work are maps with exact positions and percentages of the metals. Now the mixed deposits will be separated into a couple of daughter companies, each dedicated to one findspot and metal. The separation has to be done to attract investors in their operating range.

Until the beginning, the business was entirely financed by internally generated cash. Until today, the company remains debt-free. Over the first half year of exploration it has become clear that outside capital is needed to accomodate the growth.

In 2014, Bulgarian Commodity Trade OOD will enforce the exploration of the complete region. To finance the work it is necessary to spend 15 million Euro in further exploration. For the company there are three options to reach the aim:

  1. First is the selling of one findspot and mine to another mining company. With the generated cash the Bulgarian Commodity Trade OOD is able to grow organically.

  1. The second option is to finance with outside capital.

  1. The third option is to operate the complete mine with just one financial partner with equity capital.

Consequently, talks with venture capital firms and industrial partners were initiated to raise finance. The company has the option to go public on a Stock Exchange in 2015 with a listing. Regulations at the stock exchange make it necessary to generate a prospectus to start in the segment to the Entry standard now.

With operating the antimony mine and a stable capitalisation of the further exploration now the company can take the time to examine at least seven more findspots within the exploration area.

To accelerate growth, Bulgarian Commodity Trade OOD requires up to 15 million Euro to implement their new 36 months business plan of exploration. This plan calls for sales of more than 100 milion Euro within the first 24 months after the capital has been raised.

 

Business models

Bulgarian Commodity Trade OOD is planned to operate three main business divisions: Exploration, open cast mining and underground mining. The main business models within these divisions depend on the initial utilization of the findspots.

 

Organisation

Main Board

Bulgarian Commodity Trade OOD's main board consists of the two managing directors Marian Damyanov.

Branches

The second management level consists of directors for the business divisions, that still have to be found.

Sales and distribution

A team of 5 sales people, supported by the local scienentist, sells all Bulgarian Commodity Trade OOD findspots. Furthermore, the company is in active negotiations with mining companies for a merger. Simultaneously, Bulgarian Commodity Trade OOD is discussing a partnership in the utilisation of the antimony spot. The antimony spot is the best documentated part of the exploration area.

 

SWOT Profile

Strengths

Covering the entire value chain of exploration

Perfect infrastructure of streets, hotels and water delivered with a close by river

Cross selling over several business divisions and metals

Strategic partnerships with international mining companies

Fast time to market from exploration to mining

Ownership of best historical data in the complete field of exploration

No shortage of qualified personal due to mining

Reasonable staff costs through employed scientists in “start consult”

 

Weaknesses

High capital intensity in production and further exploration

Diversification makes business vulnerable if it will be tried to work on several metals at the same time

New employees fully productive only after six months

Drilling during the further exloration is expensive and takes time

The team has to run a mine for the first time, so a partner is needed

 

Opportunities

Perfect documents in historical data proven by new analysis

More than 30 years of experience in the team

Exploiting synergies between new technologies in exploration and historical data

Lean corporate structure allows flexibility and speed

Creation of a company group brings a focus to each activity

Best contacts in the world of mining in the team

 

Threats

Warrenties for renaturation have to be given to the government

Necessity of selling one spot to activate money for the growth process

 

Outlook

Even without any substantial outside finance, Bulgarian Commodity Trade OOD has started to build a significant business in the field of exploration. The exploration rights are given by the government so that the company is ready for takeoff and launch right now. The 'minimum' solution is to increase the rate of growth with outside capital provided by a venture capitalist. An even better solution might be to take on board a strong international investor partner who can provide capital and financial market know-how. Bulgarian Commodity Trade OOD is actively considering all the options available.

 

Osmium-Institut zur Inverkehrbringung und Zertifizierung von Osmium GmbH
Am Mösl 41
82418 Murnau am Staffelsee
Germany
Tel.: +49 177 7938007
Fax: +49 89 744 88 88 89
E-Mail:
Web: ingowolf.info
Impressum


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Gold- und Antimonminen