ValuationIMO a reasonable valuation could be:
13.7M MOz Au @ 94% discount = $ 740 M + $ 60 M (cash) = $ 800 M / 146 M S (FD) = $ 5.5 share value
Or lets assume $ 100 for ounces on the ground were ECU takes 50% of that leaving $ 50/Oz for ARU, then we have $ 675 M + $ 60 M cash / 146 M Sh = $ 5.0 share value.
Taking in consideration current risky situation I still think this could be a reference number to have in mind.
IMO the $ 1.40 ? share valuation is crapp.
As for now, it sems trading volume is going down.