Insiders; Lawyers; EarningsFirstly, anyone who views insider sales as significant is new to this stock and does not understand this management team. I can show you sales and message board posts like yours when the stock was $6 and $7. Bottom line: management exercises and sells shares as soon as they get them and always have. If anything, they are reverse indicators both because they have no appreciation for the market and because those sales are out of the way and cannot suppress the stock price.
As for lawyers, I wish I was still one and working on this Inco/Falconbridge/Xstrata/Teck/Phelps deal. It would not suprise me if it drags on for a year with nothing coming of it (Reminds me of Goldcorp/ImGold/Coeur/Goldenstar battle where everything was rejected). The only ones getting rich in the long-run will be the lawyers.
As for earnings, my analysis of LME spot prices in Q2 puts that average over $3.20 so with AUR's LME premium to spot it is fair to say their Q2 average selling price may be near $3.30/pound. If so, I stand by my Q2 prediction of earnings north of 80 cents... how about 83.5 cents/share. Not bad for a stock trading at a forward PE of a little under 4 if you subtract its NET CASH.