John EmbryI was given this little article wriiten by Jon Embry in Investor's Digest ( issue 5 /05), March 4th of 2005 whereby he highlights a couple of companies. You will see your beloved ARU being talked about in that it was trading in and around their cash position of $0.55 (lol) and it also mentions another company AGG which at that time was also trading near its cash position. Of course to date ARU has trumped AGG but perhaps this one will follow soon. Thanks John for both picks. I owe you lots!!!! The part about ARU and AGG is near the end of the article.
He states, "Two that have been particularly trashed are AGG $0.86- TSX/VEN)and Aurelian Resources ($0.55-TSX/VEN), both companies are trading at prices close to the amount of cash in their treasuries, thus attributing minimal value to their properties. Both have sound management and very prospective land positions in geologically attractive areas. African Gold Group has extensive exposure in Ghana and Aurelian has a large land package in Ecuador, a country that has been heating up as the result of the recent Iamgold discovery. They are both thin traders in the current environment and have potential for dramatic appreciation when things pick up in the gold sector."
If you are having difficulty finding the full article inbox me and I will see what I can do.
Congrats all!