Member Info for Whatzhisface

And the slide continues. You can look at it three ways, it really is a bargain now, or management sucks at PR, or if you own any of this stock,you own nothing because you have no voting power against the actual people who own the company. I thought the reverse takeover of the private mines into ASO would help raise investor confidence, and it did for a short while. Maybe we should be asking the management why they think the share price is so low. It's obviously not just POG lowering the price. MNG doesn't know how to play the public company game, they are still treating ASO as private. The only money being made is from actual gold mining and if you don't actually work for the company you are not making money. So the executives are still getting paid. I bet the next thing we'll here is executive bonuses will be in cash next, not share offerings.

I still feel this stock is not moving (outside of POG) because the owner (MNG) has too much voting control. Why would a major investor put millions into this company if they have no voice? At this point the mine could go private and there is know one to stop it and the only winner would be MNG. I think any upwards movement is going to be very slow regardless of POG, LOM news and production.

bav3 is saying he bought in at 6p but that is now 600p. So, he's doing better than you or I. We both need 6.5GBP to break even. When do you think that is going to happen? Unless they turn in some great profit numbers and fantastic drilling results, never.

Nobody is going to buy this share in Canada at $3.50 Canadian. Not in UK either, when owner has so high a controlling stake. There are dozens of companies producing 5 times as much and their valuations are lower. I bet the share price drops to 1.5GBP inside 6 months, unless they have been holding back some big news.

Did anyone read the whole meeting doc? I just glanced through it. Not sure why people are talking buy out. That would not help the owners (MNG) they already own the company, and why would they bring more of their mines into the company, that would be a waste of money with no return. The only problem I see is their consolidation ratio is too high. 100:1 puts the price above most mid-tier mines and they still are only producing at a high junior level. I think they are hoping for institutional investment to push up the price, but that won't happen until they unload some of their own shares but they don't want to relinquish any control.

Even if the company produces 230Koz per year that still only puts the share value at 4P. Too much dilution. They need a 10 or 20 to 1 consolidation going into next year to attract more institutional investment. I'm afraid of them being delisted.

Just as I'd hypothesized almost a year ago. Too bad they are tiny mines that are obviously overpriced by about $30M.

We're not gone, just most have nothing to complain about anymore. Now we wait patiently to either make money or lose everything. As musamura said, 2-5 years is a possible target.

Yes, happened yesterday on TSX, but bounced back a bit, we'll see today.

Yes, you're correct, I mixed them up.

If I remember correctly Umurham's net worth is around 1 billion dollars, so no real money here unless he takes the rest of MNG public. That's what my greatest hope is, and what I would do. Private is hard work, with the only money be made thru mining and selling gold. Public brings massive exposure to investers, which is even better for the share prices. Share prices do not follow POG directly. POG goes up 30%, shares of most (viable) companies go up 100 to 150%. Public is where the money is, and why we're here. Right?

I was researching gold a couple of months ago, and the January 2017 target was around $1100. That's why I am just buying energy and Cannabis stocks right now. Hopefully gold will reverse a bit in the spring, who knows with Trump and other EU issues.

Looks like RG is back in for 221 Million shares today. That might be a good sign.

Notsosmartmart - I agree, but still like to dream. Hopefully, they (Avesoro) start giving themselves (executive/so called employees) even more shares, reducing the companies massive position from an observer perspective. They at least are trying to make it look like they are going to be around for the long haul. Truth or not, we are just here for the ride.

Maybe, they aren't going private? The guy at the top is a billionaire, millions are not that important to him. The name change is what interests me, most logical reason is to make MNG public, but being protectionist, they want total control. Most classic example, Berkshire Hathaway. I know I'm probably dreaming, but what else do you have left at this point. Sell, learn from your mistakes and never show yourself around here again?

How much news do you want? They haven't even finished this last round of insanity. If there is light at the end of this tunnel, it's at least a year off. Or, we're just going to buried, in this tunnel.

I agree, even though things look crap, often name changes occur when companies reverse takeover, bring more of they're own business public. The advantage is obvious. Gold stocks move all over and don't mirror the POG. Gold went up 30% in the first half of the year but mining shares more than doubled for many companies. If they can get the share price to 10p they make almost $1Billion US for themselves. They could do that inside 2 years if they bring MNG public. That's the dream anyway. I sold 50k today, so officially a loser for me. Meh.

That proxy vote notice, basically says we're screwed. That the company owns too much and big investors will likely stay away because institutions only invest big when they get a modicum of voting control. The companies total control leaves no room for discussion on any shareholder matters. If there is no interest in the company, nobody buys shares, and the price doesn't move, or more likely goes down, to 0.01, then they get delisted and become private, at virtually no expense to the company. 0.5 Billion shares in small holders hands just disappear. Oh well, it's only money.

If I were MNG, with producing mines, and want to grow my business and still keep control of it, but attract more investment, to increase the value and liquidity of my company, I would look for a small, producing, and struggling public company that I could buy at a bargain (100M). Enter AUE. I would want as much control as possible (>75%) but have lots of shares available for investors to drive up the value. Then, I would take the rest of my private company public using AUE as the vehicle and of course change the name. Now, I would have a medium sized company with lots of potential, inviting more analysts to look my way. In a years time with all my mines (how many do they have?) producing between 150K-300K oz/yr? the companies value would increase, and I could do a consolidation to raise my share price to attract more institutional investors and the value would continue to increase. 2 to 3 years down the road, if pog stays where it is, my investment will be worth between 5 and 20 times what I put in. Yah, 2Billion potentially. Just my crazy whimsical dream. Plausible?

Why bother to waste money on a name change, could be an RTO, bringing their company public for greater liquidity. Although I tend to think, them having a director who specializes in private takeovers doesn't bode well. Oh well I'm to stubborn or dumb to let go yet.