TSXV:AUN.H - Post by User
Comment by
Bentonstockson Apr 17, 2007 11:56am
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Post# 12623297
RE: Aurcana just highlighted on BNN...
RE: Aurcana just highlighted on BNN...Lou's discussion of AUN was not of any real value because he did not seem to be aware that the company had already started production. He kept stressing in response that the company "will be going into production at La Negra", which, as we know, is inaccurate based on the latrest NR. He emphasized problems of restarting old mines, Mother Nature, etc., and seemed to think more value would be generated by further exploration...
I always listen to Lou, but this time, having intimate knowledge of the comany he was speaking about, namely AUN, I did not think his analysis was all that useful. In addition, he stated that it is usually much harder for a junior to go from the $2-3 range to the $10-15 range, than it is from pennies to over a $1-2, is often true, but I think in this case reflects a lack of appreciation, understanding, or familiarity with AUN's story...
Furthermore, his advice to take some of the table was to the "caller" (Mike in Ottawa) who got in at $0.16.