TSXV:AUN.H - Post by User
Comment by
TheRock17on Sep 02, 2007 7:19am
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RE: Industrias Penoles and AUN
RE: Industrias Penoles and AUNYou are correct in detail.....memory was slightly failing.
The recent NRs on the acquisition report the acquisition directly from Penoles, with Reyna as a 20 % partner.
Penoles took an equity interest in AUN as part of the La Negra acquisition, which is what confused me.
As well, Reyna and Penoles have a strong working relationship such that Reyna has more or less an " insider " view of Penoles's operations and inclinations.
In addition, one of AUN's directors is a former Penoles employee..