TSXV:AUN.H - Post by User
Post by
JonEcashon Aug 14, 2007 4:55pm
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Post# 13244574
Canaccord report on ___
Canaccord report on ___This was taken from the BB of another stock that I am in, but I think you can easily apply it to AUN (especially the part about money in the bank). I've removed references to the stock the article about so as not to spam.
J$
Another ugly day on the markets and it doesn’t matter
anymore whether you are in blue chip bank stocks or the
rough and tumble of the junior mining exploration business,
you are not having a lot of fun. We had started asking
where was the correction way back in February and of
course, you never know what touches off corrections, but
when times are too good for too long, you know something’s
coming. Now things are getting a little bit painful,
but the good news is that you’re starting to hear the voices
that signal you might be near a bottom... “I can’t take it anymore,
sell everything…”
In the mining sector there has been some brutal hits.
Take a look at ________, down significantly, but there’s
something about the junior mining exploration sector people
should be aware of...if the junior you are involved
with needs money, in this market, they are “S.O.L”.
The ability to finance right now has almost disappeared.
A company like ________ with money in the bank and a big
program ahead of itself all paid for, at least fundamentally is
sitting well. If ________ works out as many followers
think it could/should, this is hopefully just a 2 for 1 sale.