TSXV:AUN.H - Post by User
Comment by
twpton Mar 26, 2022 10:48am
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Post# 34548090
RE:RE:RE:Dang
RE:RE:RE:DangHere's my elaboration. Mangement has screwed up right from the start. This company has a long history of dilution (remember Lenic?). They have no other way of raising 25 million other than through dilution or loan facility which would put them out of business without much higher prices for silver. The way I see it is AUN will be bought out or repossesed by loan facility company after shaft is repaired so as to pay of loans. Same thing happened in Mexico about 10 years ago. AUN will retain ownership of Shafter and restart process all over again. Silver above 30.00 will negate this hypothesis if it reaches that point by end of year, not likely though. Until management comes out and tells shareholders where we stand instead of sugarcoating it, I will wait to purchase till after it hits single digits.
P.S. I don't think I would even pay 15 cents anymore. Single digits incoming