TSXV:AUN.H - Post by User
Comment by
zzthnxon Jul 24, 2009 6:09am
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Post# 16162688
RE: Roulston drops coverage of AUN
RE: Roulston drops coverage of AUN"There is little doubt that the company could raise money. The question is whether they can do so at a price that
would allow a decent return for the pre-sent shareholders."
Uh, Lawrence, are you aware that the current market cap of AUN is now about 25% of the value of Shafter? It won't take much to generate a decent return for shareholders when the stock price is about as low as it can possibly go without the company going bankrupt. Now, with copper back up to $2.50 and silver looking like it wants to move higher, this would probably be about the worst time to sell AUN, IMO.