RE:AUE~ institutions hold 76.7% of shares I feel a bit like Paul Harvey...."and now the rest of the story."
This share information provided is roughly accurate as per today, What isn't here is the fact that as a result of the financing there will be an additional 602,688,755 shares (more or less) hitting the books overtime...likely within the year.(dont remeber the exact timing) This will result in an aggregate of ...601,350,246 + 602,688,755 = 1,204,039,001 shares issued catapulting MNG to a 55% Shaerholder. It also reduces other institutions holdings by approx. 50% and some smaller holders may well sell off their holdings as their equity is halved. Unless someone has a different perspective on the numbers and the totals... that is a staggering number of shares.
If this company is undervalued (and I have no doubt it is) what the true value right now is as clear as mud!!! So these WAG's people are throwing around are just that...wild,azz,guesses. We do not when production will start, we don't know what production will result in, and we do not know what the debt situation will be when the the waiver/standstill period ends approx. 4 mths from now.
So am I still on the sidelines as a creeper....yup...for awhile yet!
Would be nice if a couple of the resident Rah Rah boys shared their numbers. That would be helpful...and by numbers..show the math... not just...a WAG share target!!
There is potential in this company...the unknowns are when and how much?!? my 2¢ worth from the creepy sidelines!!
nikomiko wrote: AUE, institutions hold 76.7% of shares Shares not held in public hands (Board of Directors & Management) 0.32%
Institutions 76.70% Private/Retail Investors 23.40%
Total shares in issue 100%
Top Shareholders
MNG Gold Jersey Limited 9.90%
International Finance Corporation 8.94%
Henderson Global Investors 6.47%
Hargreaves Landsown Asset Mgt 5.39%
Hargreave Hale 3.76%
Odey Asset Mgt 3.29%
Issued number of common shares of no par value: 601,350,246.
There are no common shares held in treasury.
Last Updated on the 21th June 2016.
Restrictions on transfer of the common shares:
With the exception of of restrictions imposed by the US securities laws applicable to certain of the Company’s common shares/further details of which are contained in the Admission Document, there are no restrictions on the transfer of the Company’s common shares.
https://aureus-mining.com/investors/share-information