RE: brief update from company sounds promisingGood info W13, Thanks. I am far more impressed with your talk with Michael than I was with Mr. IR Greg at the show! It was such a low profile booth and it shows with the response AUQ received afterwards.
I still remain long...FWIW!!..I guess $.32 right now LOL
----------Original Message Posted 2/5/2007----------
just spoke with Michael Farrant VP and CFO of Auq (who started with Barrick).
informed me that they hope to have the three 43-101's completed by end of first quarter (march). these consist of el arenal, el sastre bridge zone, and the current el sastre mine.
second leech pad completed 2-3 weeks ago and should have pour by week's end.
the remaining mineralization of the first pourin the U.S. and is
almost finished.
no plans or need to go to the market place for further money. share dilution is over except for the rest of the warrants to be exercised.
Nevada
all permits in place and working on grabbing a drill. might have one as early as today, they are trying to work a deal as we speak to share the costs with someone who has a drill nearby, so they can both have use and share the load.
IMHO
Michael Farrant impressed me as a qualified, knowledgeable, man who shoots straight and helped answer alot of my questions regarding past, present, and future aspects of auq. all i can say is i was considering reducing my stake (hard to do with the low volumes) but after speaking with him, i am having second thoughts of selling any on the next pop. i was going to reduce by at least 150-200k shares, but not so sure now.
Michael seems very confident on upcoming 43-101's and what will be released.......in reference to proven resources and mine life expectations.......I've listened to a ton of b.s artists in my career and i got a good vibe from Farrant (for what it's worth)
im hanging in......end of march isnt that far away, for those of us being here for as long as we have. If we drop any lower and test .30 again i'll be on the buy again!!!!!!!
the w13 takeover attempt is ALIVE and WELL........50k shares at a time lol,............speedy........get a fitting for some new suits, my ir man has gotta look good!!!!!!!!!!!
I have my doubts that AUQ will make it to the dance by herself, with positive guat. news coming and i side dish of nevada, auq is going to be looking very pretty for one of the big boys to come-a-courting in the next year or so
jmho
w13