RE: RE: That's enough for me! Ah, thanks for the intelligent critique. My apologies for the math errors, shouldn't try that in the head at 2 in the morning. Your annual CF numbers give me a bit more comfort.
I do hope you're right, and as I noted i continue to hold shares. You are also right that it doesn't matter what you got in at, going forward is all that matters and ARN looks far more likely to trade higher than lower as the tide turns for juniors. I think it is undervalued, the point of my post was that ARN has lost a lot of it's potential to be a long term high growth, junior-to-intermediate success story.
Good point about CPG, they are not bottom feeders and have their own agenda. I wish I knew what it was though with regards to ARN! At any rate i am grossly disappointed but willing to wait for their next move. CPG's public comments point directly at an ARN takeover so we'll see.
The revolver issue is not an issue. That is scaremongering to start getting into that. The revolving loan is based on reserves values and a very conservative look at reserves values. ARN would need a massive writedown for it to get chopped in any way that would hurt them. It was recently increased based on growing reserves, not shrinking.
Good luck to you, here's hoping you're right.
opg210