RE:RE:RE:RE:RE:Pumpers are doing you an injustice Don't get me wrong, I'm invested in it and in red but I am a realist and can give you many examples where companies that run out of money are taken advantages of...AR is no different. We the investors have to consider every possibility at least I do.
when you start building a mine and you can't finish it you will never get the cost you already put into it...the one that comes to mind as an example is mcewen buying for 27 mill BlackFox that was spent at least 500 mill on it already and old owners run out of cash...and ended up to be a big problem for mcewen due to the poor planing and everything else of BlackFox...
Hey I wish everything is good and it goes to $5.00 but I have to pay attention to those shorts as most of the time they know more than me way before me...
crazytimes wrote: . Development projects are not worth zero! That is completely ridiculous. lol Especially a high quality one in Canada that is at least half complete. . Just look at the high valuations of many junior gold mining companies with only development projects and no production. Kinross paid 1.8 Billion for Great bear! Centerra bought Goldfields, etc, etc. etc. No one is pumping here, just trying to be reasonable. But the bashing is unreal and completely detached from reality! Who knows where the price of the stock can be pushed short term, but that has nothing whatsoever to do with the quality and value of the assets. I would guess they could sell Magino tomorrow at a fire sale price of about $500 million or hopefully more if they wanted. That would be abouit $1.50 cash per share they could simply pay out as a one time dividend which would be almost double current share price. lol. I prefer they build it and reap the rewards and the fact that the new CEO is a miner makes me think he will go that way. That doesn't even include all their other assets. Just my opinion. DYOD!