Dear Fellow AUGEN ShareholdersI bought MAO.v very recently at $.71, yesterday I saw a volume spike and knowing that there is less than 1 million shares total float available due to strong management and institutional ownership I broke my cardinal rule and bid in chasing fashion (reminded me of trying to get on a merrigoround on full speed). Anyways, I got filled at $1.17 and today we cleared $1.40. Wow !
Anyways, it is high grade, Quebec based, management hosed Cameco out of 49% at an unbelievable $.49 per oz in 43101, greater than 500,000 oz in the ground, massive sulphide, great management linked to LV. V (LONGVIEW OWNS SHARES), etc etc. Jay Taylor loves it.
Anyways, I am very bored over there.....No one to chat with, etc.
I have all I can afford to risk as I don't generally like drillers but with a chance to own a mine like "La Ronde" with only 11 million shares fully diluted, I'll put up with the silence....
DO your DD but their website will have you lining up for shares Monday morning. I had to own it more than any other stock. Even AUG which I think is great.
Many investors are in all the Red Lake plays.....well I think MAO is opening up a whole new mining camp. High grade.... 2 kms from power grid, on and on....
I know I couldn't believe it either.......
Unreal but it could be a true gem
Very exciting..............
Do DD but do not fail to hear the Al Korelin/Jay Taylor interview from right after PDAC with Ron Shorr. Ron is CEO AND A FORMER NEW YORK BASED MINING ANALYST. THOSE CONNECTIONS WILL SOON ENTER THE BIDDING.......I THINK THEY MAY ALREADY HAVE.....
All the best
ETC....
Reminds me of when I was buying AUGEN at $.13 per share.
Anyways, there is an excellent story there and you can wiegh it against Doug Casey's principles and it will not fail.
It is just starting its run and it will go much higher , faster due to the extreme low float caused by share consolidation.
Ron Shorr is more than smiling.
Oh and by the way.....management there takes shares not cash..and is very shareholder focused as a result. Much like what David Mason is doing with AUG while holding share count tight.
Good luck.