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Bullboard - Stock Discussion Forum 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 Discussion

AUREUS MINING INC > Confused?
View:
Post by Notrichyet on Aug 08, 2016 11:54am

Confused?

Hello

As stated in my early post,  im quite new to investing.  I'm curious as to why the price has gone down so dramatically?  Based on the release,  production has started and they have ore to be refined.  This is good news right?

Is there something I am missing on the outlook of Aureus Mining?  Are there any information that the people who are selling have that I may not have access to?

Thanks in advance for your answers. 
NotRichYet
Comment by battlemage on Aug 08, 2016 12:01pm
The plant isn't producing right now, they have repairs and still need permits. Also they will need financing to bring it up to full production. I quickly read the release & that's what I gathered
Comment by vincentmtl on Aug 08, 2016 12:10pm
You are not quite right. Product has already started and because of optimisation, sometimes they stopped the production, but they will go into full production after 60 days continuous period. What confused me most is production is so difficult for AUE and becomes a high risk thing?! AUE is not a high tech company, OK?! Only one thing for sure they didn't find right team or qualified skilled ...more  
Comment by theo1264 on Aug 08, 2016 12:15pm
Excerpt for NR: "Since the recommencement of processing operations, gold shipments have resumed with the Company pouring and shipping approximately 3,500 ounces of gold." So it appears what they have produced 3,500 oz for Q3 thus far.
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