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AUREUS MINING INC T.AUE

"Aureus Mining Inc acquires, explores for and develops gold properties in the West Africa, specifically the New Liberty Gold Mine in Liberia. Its business segments are Liberia development, Liberia exploration, Cameroon exploration, and Corporate."


TSX:AUE - Post by User

Comment by reefsandals4evaon Nov 30, 2016 4:28pm
105 Views
Post# 25536443

RE:Ok so...

RE:Ok so...
it could go two ways.... up or down. they're issuing 5 billion shares, so with little knowledge of it, they issued so many shares because they're planning on doing an extremely large reverse split of the share to get rid of AUE's shareholders... OR they issued 5 billion shares because their company is so huge and they're trying to raise capital for their projects.. and AUE's shareholders are not a concern. And with both options I'm assuming those issued shares are dilution. I wish I knew more about MNG. Even if they squeeze out smaller shareholders, you'd think they 'd pay for it.
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