TSXV:AUN.H - Post by User
Comment by
DrBill1on Feb 13, 2013 2:04pm
298 Views
Post# 20982875
RE: RE: My take
RE: RE: My take elf, agree with your further comments. In my corporate life I was the Treasurer of a major pharmaceutical firm (now retired some 11 years). Anyway I was on the buy side of these presentations for our pension funds. I expect AUN will see much more institutional interest after the RS, the new TSX & AMEX/NYSE listings and 2013 operational progress.
Lenic & team seem to be truly positioning AUN for senior producer status in the market. Unfortunately for those of us already in, the months until and, I suppose, immediately after the RS will see a downward drift in share price before things take off. Mr. Market will want to have all of these in his/her pockets before a significant move in share price. Lenic should move all along as quickly as possible to remove these hurdles.
Evidence the $1 warrant price. This price (now 15 cents, down 25%) will more than likely drop further. With only nine months until expirey and already almost 20% under water it would take a miracle for these warrants to end up in the money. The market sees flatness ahead and not enough time value left to pull the warrant holders out at least IMHO.
Regards,
DrBill