TSXV:AUN.H - Post by User
Comment by
JonEcashon Dec 17, 2011 8:59pm
570 Views
Post# 19332392
RE: RE: RE: Made BNN Market Call today
RE: RE: RE: Made BNN Market Call todayChilly, if not sure when you became an investor in AUN, but I've been in and long since 2005. And by "in" I mean HEAVILY. So I'm most definitely not a basher as the other long-timers here know. But I don't just spew to-the-moon posts either -especially after watching this go from like $1.90 to
.10!
The point of my post on Tsang was to indicate how bullish most analysts/funds are about Aurcana's story and are yet sitting on the sidelines. This to me is laughable. And makes me love the fact that I am able to buy down here (like Thecook100 did) BEFORE these deep pockets jump in from the sidelines. Because when they do, that's when this one will fly. (Note AUN is less than 30% instutionally owned).
Also in response to another poster who questioned why Sprott would possibly want to short this when they are the largest shareholder: 1) check your facts, Sprott is no longer the largest shareholder, Wellington is. 2) It's not uncommon for professional traders to keep a small short position along with a bigger long position. This allows them to play the swings. 3) Whenever a shareholder can take part in a financing, it's not uncommon for them to sell their holdings to replace it with units where there is a warrant attached...
J$