RE:RE:Folks, learning to read a press release is so important!! Nobody knows at what price Sombero Resources and Tier One Metals will get relisted. Could be 2$, could be 0,40$.
I think ER investors aren't convinced of the theoretic value of the Canadian portion of Auryn. They valued both Peruvian assets combined at around 45 mio, which is only 20% of the current share price. How many shareholders would agree on that? Most are probably invested just for the potential of Sombrero. In my opinion Auryn did a great deal here.
Short term though, I can understand why investors are selling their Auryn shares.
There is fiscal uncertainty. I'm from Belgium and afaik the 2 spinoffs will get taxed at 30%.
Also Ivan just said in a presentation today (thanks for the link ,Montydog) the 2 Peru shares will get a listing in january, february or march latest.That's 4 to 6 months from the beginning of october. Many investors don't want to have their money frozen in their account, especially in this precious metals bull market.
As a long term investor I'm not taking any risks. I even added to my position at 1.94 usd yesterday. All 3 assets have huge potential, management is eager and experienced, all projects are financed. I can't wait for the drills to turn!