Post by
RUNMC4039383 on Jun 13, 2016 3:32pm
Rumor on the LON:AUE Buyout
One chap is claiming a buyout has transpired AUE now owns 49% of the mine might be with the new strategic partner. IMO this is bad for the SP when the news hits. I find it hard to imagine they have got a great price given the distress the company is in. Thoughts?
https://www.lse.co.uk/ShareChat.asp?ShareTicker=AUE
Comment by
wasagastar on Jun 13, 2016 4:01pm
I think it would be great for current share price - not for long term bag holders. They cannot get 51% of this mine for the current SP. Up we go....
Comment by
wasagastar on Jun 13, 2016 4:46pm
Looks like its a take out at the Liberty level, which means any money coming in will be for debt reduction. If new investor is taking 51% he must be helping them retire a large portion of that debt. AUE with 49% and little debt would be a much much higher SP than the current level. Don't forget management participated about 7 months ago in a pp at 9 cents.
Comment by
ruffus23 on Jun 13, 2016 9:28pm
Noticed edv just announced $125 million financing potentially for ity development which is on border with liberia. They would be ideally suited to get into Liberia.
Comment by
RUNMC4039383 on Jun 15, 2016 11:44am
Should have listened to the rumor mill for once in my life lol. a 20% increase! I honestly didn't think the news would have that kind of impact. I suppose the company was priced with bankruptcy as a major possibility. I think the biggest news is a new management team! Go new guys!