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AUREUS MINING INC T.AUE

"Aureus Mining Inc acquires, explores for and develops gold properties in the West Africa, specifically the New Liberty Gold Mine in Liberia. Its business segments are Liberia development, Liberia exploration, Cameroon exploration, and Corporate."


TSX:AUE - Post by User

Comment by iRoboton Oct 17, 2016 11:21pm
224 Views
Post# 25354195

RE:Going to be a big stockpile!

RE:Going to be a big stockpile!
Sorry guys I calculated a bit wrong on numbers of shares since I used CAD. Here are the correct numners! "Following the Fundraise the Company will have 5,104,039,001 Shares in issue. Under the terms of the Broker Option, the Company may also issue up to a further 540,000,000 Shares." Nevertheless it's still a big pile of stamp priced shares and it will still swing violently in percentage on the market trade. With upcoming shares the market today value is 178MCAD and tomorrow it is ?? Let's guess it goes close to 0.025CAD, the fundraiser price, it's then 128MCAD market value. BTW - MNG now controls 88% of the stock and I guess they will take over and remove AUE from market trade.
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