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Aura Minerals Inc T.ORA

Alternate Symbol(s):  ORAAF

Aura Minerals Inc. is a mid-tier gold and copper production company. The Company is focused on operating and developing gold and base metal projects in the Americas. It has four operating mines, including the Aranzazu copper-gold-silver mine in Mexico, the Ernesto/Pau-a-Pique Project (EPP) and Almas gold mines in Brazil, and the San Andres gold mine in Honduras. The Company’s development projects include Borborema and Matupa, both in Brazil. It has unmatched exploration potential, owning over 650,000 hectares of mineral rights and focuses on advancing multiple near-mine and regional targets along with the Serra da Estrela copper project in the prolific Carajas region of Brazil. The Company has the right to explore the Pe Quente and Pezao Projects in the State of Mato Grosso, Brazil. The Aranzazu Mine is an underground copper mine that is located within the Municipality of Concepcion del Oro in the State of Zacatecas, Mexico. The San Andres Mine is an open-pit heap leach gold mine.


TSX:ORA - Post by User

Bullboard Posts
Comment by monzieon May 14, 2014 1:02am
181 Views
Post# 22558733

RE:RE:RE:RE:Q1 financials

RE:RE:RE:RE:Q1 financials
You are very mistaken ganndolph.  On March 17th only the credit facility was paid off with the gold loan not the short term loans in 10a as well,  It clearly states on page 11 and 12 that as of March 31st,  3 million is still owed on a promissory note and 18.2 million is still owed on the bridge loan. According to your math the 22 million dollar gold loan was used to pay off the 22 million dollar credit faciltiy as well as the 21 million dollar bridge loan and promissory note.  I have no idea how you got that from page 4.   And yes the gold loan is being paid in gold payments, so it may not be a cash item but its still a debt and the value of that debt is 22.6 million.  So when you're evaluating a company's worth (enterprise value) to a potential bidder you have to include the value of the debt regardless of whether it's being paid off in installments of gold, cash, or bit coins.  You should read the entirety and the context of a post  before responding, and actually look at the source material properly before telling others that they're wrong.  
Bullboard Posts