TSXV:AUN.H - Post by User
Comment by
Spankieon Apr 08, 2022 8:39am
123 Views
Post# 34587202
RE:Getting closer to .15
RE:Getting closer to .15I dont agree with all the negativity. But do think that my initial thoughts of it being a near / mid term investment were incorrect. I do just think it was really bad luck and initially when they did the financing they should have planned for a signifigantly larger amount of funding.
But I imagine that they didnt want to further dilute and that was a nice thought if it would have worked out. But it didnt and now rather than being in production we are trying to fix a lift and worry about enough money to keep the bankers and collectors of our backs.
The real story for this stock now is a game of craps. The silver is there and there is a lot of it. Management should either fold and sell to try and recoup something for investors or give there collective heads a shake and get back into the game. Although I think Drovers days are finished. It might not change anything but under his lead the 1 year chart is a disaster. Selling his shares after the change in loan structure - even though an insignifigant amount. Certainly, didnt instill a pile of confidence in his leadership moving forward.
Your probally right about the reverse split. They will need to do it, if they can keep the lights on and the asset in there very uncapable hands.