RE: RE: Q1 results are out... I don't see anybody buying Aura (at least not a valuation that will make Aura shareholders happy). Look at their assets:
Sao Francisco and Sao Vicente: Both have been money pits for several years now, and you'd frankly have to be nuts to want to buy either of them. Unless Aura can turn them around quickly, I wouldn't be surprised to see them shut both down before the end of this year to preserve cash.
Aranzazu: March was the first month where they had to pay penalty rates for the elevated arsenic levels, which added 1.08 in costs per lb cu produced! That gives a total cash cost of 3+ per lb cu, which makes it questionable if the mine is viable (given that there are also indirect costs to take into account). Going by the conference call, they still haven't got a solution for the arsenic issue -- they seem to be optimistic, but that doesn't mean much given their track record.
San Andres: Currently the only mine producing some real value, but a ~60.000 oz au mine in Honduras with rapidly rising costs isn't the kind of asset other companies are likely to place high on their shopping lists.
Serrote: The last remaining hope of redemption for the company, but given the delayed feasibility study and how little they talk about it, I have a bad feeling. There's also the issue of how they're going to finance it.
More broadly, the entire mining sector is on sale at the moment. Why bother with a proven failure like Aura when you can get discounted prices for even producers with proven management teams?