RE: So far...Below you will find what I plan to send to AUN on Sunday evening regarding the topic of analyst coverage.
I suggest that those of you are in agreement with me - the list below and maybe others who read the posts, but are not members - send their own letter, or the one I have drafted, to AUN Investor Relations (via their website) on SUNDAY EVENING, or sometime before Monday, with the following subject line:
" Attention Mr. Ken Booth - Analyst Coverage".
Although I suspect it will be Colin who gets them and reads them, they should be addressed to Mr. Booth.
The list of supporter remains unchanged with...
- Coswil
- Staycool711
- pipefit
- stever7
- Dakota15
- rangerider
- Spock999
- snipertag (thanks)
- Banman17 (thanks)
My version of the letter:
" Attention Mr. Ken Booth - Analyst Coverage"
Dear Mr. Booth,
First, let me congratulate you and the Aurcana team on the successes you have achieved so far with operations in Mexico. As a shareholder for some time now, I am delighted to be able to participate in these successes, and I look forward to those yet to come. I am confident that you will continue to lead Aurcana to strong and profitable growth with the sound judgment and successful strategic thinking that you have demonstrated so far.
However, one thing that concerns me is that although Aurcana is now maturing into a company that we can value based more on fundamentals and less on speculation, we do not yet seem to have any financial analysts at any of the major Canadian brokerage firms covering Aurcana. I imagine this something you have already considered, and are possibly already taking action to ‘correct’, but, in any event, I would like to emphatically state that analyst coverage ought to be solicited to maximize the both the remaining speculative value, and the growing fundamental value of the Company and therefore its shares. I believe this is necessary to generate larger interest in the company and give new investors the confidence that their interpretation of the Aurcana’s strong potential is solid. I am sure you appreciate how we can all benefit from this.
Finally, I will add that in light of the above, I think it is now imperative that Aurcana take the necessary steps to tighten the gap between the projected and actual news release and report filing timeframes or schedules, as investors tend to negatively speculate as to the cause(s) of any delays.
Thank you again for your efforts.
Sincerely,