RE:RE:SO SO CHEAP. GOLD AT $2010.we are all thinking the same thing i guess. This is absurd to be still traing at 27.5 cents when AUG is up more than 10%. Either the mkt is valuing AUG's peruvian assets way too high or there is something amiss!
There might just be huge sellers right now who have been in ER for years and just getting out. This should easily trade in low to mid 30's and close the gap of 0.42 cents pretty quickly especially if AUG keeps rising.
AUG was just shy of $3 CAD when the acquisition was announced.
ER is a bargain right now if the acquisition goes ahead which i would be shocked if it doesnt!