TSXV:AUN.H - Post by User
Post by
zzthnxon Nov 20, 2010 9:11pm
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Post# 17735252
Is what it is...
Is what it is...I knew better than to expect that AUN would do anything to demonstrate concern for the average retail investor. Even if we do head down temporarily, I'm holding on to my 299,000 + shares. With SLW out of the picture at La Negra, we should be talking some very serious cash flow with 2 million equivalent silver ounce production (including copper and zinc credits). Shafter at close to 4 million ounces of silver at a production cost of around $7 per ounce would generate a cash flow of $80 million per year. So, even with this amount of dilution, to me it doesn't make any sense to dump my shares in the .30's. Especially with silver looking like it's about getting ready to go ballistic. I'm just looking at it now that the time horizon for dollars per share will be longer than if they had been to advance Shafter with less dilution. At least now, money won't be an issue. Remember, we also have the $10 mil. convertible debenture with SSRI coming due next June. So, I'll just hold and ride the waves with AUN as I have for the last 5 years. As things unfold, we may end up being very happy that we stuck with it in a year or two. Cheers, zz