TSXV:AUN.H - Post by User
Post by
JonEcashon Feb 15, 2011 8:46pm
324 Views
Post# 18140247
Share price.
Share price.Let's think about what everyone here seems to KNOW as fact:
1) AUN is undervalued based on its assets, operations, and future prospects. (bullish)
2) An insider is selling, and has been selling, non stop for months. (bearish)
3) 194M shares from the last financing will become free trading in about 2 months. (bearish)
Let's also add one last thing that is not necessarily fact, but is highly probable:
4) Sometime this year silver will climb into the $40-$50 range. (bullish)
So based on 1-4 above, where will AUN's share price be in the short and medium term? (Long-term is most definitely up) The answer is: Nobody knows. It could go up, it could go down or trade flat, and depending on one's time horizon, perhaps now is a good time to buy or maybe it's better to wait until the summer. People can do as they wish, and that's fine. Just don't come here and post that you know what will happen for sure, that others should buy or sell now because of what you say will happen, and also criticize others for not believing what you say.
Personally, all I know is that I would rather have some shares right now than none, because of 1 and 4. BUT I am also keeping some free powder for the very real possibility that we pull back because of 2 and 3 (but who's to say that participants in the PP will sell?). Anyways, that is my suggestion to others, so that you benefit whichever way the share price goes in the short/medium-term. Because we all know that in the long-term any AUN shareholders will be making serious bank and laughing at today's share price...
J$