Post by
Canadian0620144 on Jun 08, 2021 4:43pm
Strange trading day ORA closed $15.40 down 3.3%
Aura33 closed up in Brazil $66.80 CDN exchange x 0.2401 = $16.03 CDN - $15.40 ORA on TSX = +$0.53 or +3.4% difference between Brazil $16.03CDN and Canadian closing price $15.40. Volume was up in Canada today 123,145 and 113,525 in Brazil total combined volume 236,670. I could see a few cents difference but over 0.50 Canadian is excessive.
Only other negative news June 3rd last week is the delay on Almas construction, permits were in order, company expects delay to be short. This will not effect production guidance and if copper price stays over $4.50 ORA production should still be over 300K oz's gold. Aura still not getting any respect from the market crazy low valuation forward PE will be well under 7.5X earnings. Aura needs to come out and repeat that they continue to grow gold OZ's in ground and production.
Aura is very slow to release drilling results. Production growth likley to be well above Jan 15th guidance growth of 22-42% 250-290K oz's. My guess well over 300K +45% growth over 2020 and under $800US oz operating cost per ounce.