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i can see 3p in the next couple of months with pog above 1300 and only if pi vote yes to the equity raising later this month, 3p is the resistance, to see 4p plus the financial results for year ended december 31 2016 due out in march next year have to be good

is now over 1300 and aue sp is still under 2p and mng is buying another 5 billion shares at 1.5p what a rip off by the conniving b'stards, and my broker will not allow me to buy aue at offer price of 1.5p because they don't know about it, its a lot of hassle too and the date has expired to buy more shares, so the sp better be 1.5p or lower later this month so i can average down from 13p and i don't care if pog is nearer to 1400 or 2000

i'm averaging 13p here and hope they make an offer to buy the company at 13p a share then they can do whatever they want with aue the conniving b'stards

afterall

confidence surging, could it be the directors buy?

i speculate that they will takeover the company next year in the summer so that the there is no gaps in the charts need filling or closing, and the takeover price will be around 5p and that is the highest sp in the last 12 months just after MNG bought their 55% shareholding at 3.27p dyor gla

if that the case can we reject the name change?

hope the sp drops to 1p and we all buy at 1p while mng buys at 1.5p LOL

as long as everyone agree to the equity rasing proposal and don't go against it and buy shares at 1.5p to average down then we should be ok, as long as we keep MNG shareholding below 70%, according to canadian takeover rules if they going to make an offer to takeover it will be around 18p which is 1 year high or 8p if then do it after 6 months, if they get shareholding over 80% then they can takeover company at lowest sp for the year which is 1.5p, it is something like that, correct if i am wrong

100m is market cap then what is 36m? current market cap?

could go to 1.5p or even lower because this placing is not good news, huge sp dilution and destroys shareholders value, also do not vote against the proposal because voting against equals bankruptcy . This MNG investment is the best way for Aureus to go ahead with a better balance sheet with short term debts dealt with but still about $100m long term debt left ouch.

even if mng want to raise $72m can't they raise it at 2p or even 2.5p why 1.5p? and even someone here said they will raise placing above the price of last time at 3.27p lol, the next placing after this 1.5p will be at 1p this way i'm sure mng will be above 80% shareholder

The proceeds of the Fundraise will be used as follows Purchase of Mining Equipment from ASLI and contract termination fee 19.9 Payment of Historic Invoices assigned to ASLI 9.7 Debt principal and interest payments 17.3 Processing plant and TSF improvements 5.0 Regional exploration 5.0 General working capital (including Inventory) and transaction expenses 15.1 Total $72.0m from that list i can see the first 3 are debts amounting to $46.9m i say after equity raising their new net debt position will be $106m from the income statement on 30-jun-2016 AUE had total debt of $152.9m AUE short term debt in 2105 was $33.34m and the borrowing was $12.55m and long term borrowings is still around $100m even after this equity raising and paid some debt

with 5.1 billion shares the market cap will be around 100 million and the sp will be 2p if mc doubles to 200 mill then sp will be 4p, so it look hard for the sp to rocket with this many shares

placing will take place on 6 December 2016 and that the Acquisition will complete shortly after Admission, so 1.5p is coming

is about 2p and why are people buying now when they can buy at 1.5p or lower today or next week?

what we also need is a higher and increasing pog, currently the pog is down to the pit and is lower than aue all-in sustaining cash costs of US$1,894

Deutsche bank is back to normal and pog is falling, banksters doing gods hand work

right now the management is probably too busy doing a new mine plan than do a equity raisng now, the four month waiver is coming to an end next month and we still got to pay our lenders, what is our short term debt now? it has to be more than $12 million on final results of dec 2015

why will a placing be at a higher price than mng paid, because right now sp is lower, what can stop mng buying more shares now and get its shareholding to at least 80%?