Aurasian Min Share Discussion Threads

[tomboyb] 27/6/2014 15:45

I think if the new team can do what they did at Normandy - or a fraction of that here - then it becomes interesting - KENV is another gone from 1p to 5p due to the management possibility there - Both v speculative

[tomboyb] 27/6/2014 12:33

Well that's a bit of a turnaround -

250k available at 0.35p or 375k max at 0.40p full quote -

[tomboyb] 27/6/2014 10:29

I wrote it off with days to spare (that stock) - No idea what would alter that position on that stock either but thing can happen very quickly from the point of no return - I think AUM stands a better chance - they still have cash and a deal with Newmont for the database -

The new management structure should add a bit of interest on the next piece of news -

[jonc] 27/6/2014 10:26

That would be very nice.

There is absolutely no positive sentiment for this at the moment.

Not sure what will alter that position.

[tomboyb] 27/6/2014 10:25

Quite interesting that - I thought that about one of my stocks a few years back - Wrote it off - ultimately went up over 3000% when it came back onto the market

[jonc] 27/6/2014 10:04

I assume this will just shrivel away to nothing.

[richgit] 18/6/2014 09:56

Maybe Tony should talk to Andiamo- that have a potentially exciting situation in Eritrea where Ortac have a stake.

Surely Andiamo will be looking for a listing if drill results continue to be as
good as they have been so far, and assuming that the Gold price has to break out
at some point and do exactly what it should do after the false interruption
from $250oz to $1900oz.

Once that happens- there will be no lack of investor appetite remaining from
what some suggest is the worst sentiment in 45 years towards the Gold stock sector.

I would be a buyer of Andiamo (all things being equal)whilst at the moment the only easy way in -is to buy OTC.

IMHO

[richgit] 15/6/2014 15:11

Fenseal

I am not convinced they will see any money for Wamum so the stock is now valued
above cash.

The EGM presentation was very poor to almost useless.

The one bright spark is the Board,and the hope that battered retrenching Newcrest will not also curtail budgets for their last hope.

Meanwhile I could get more excited if they just put the Money into say-Orosur or Amara.

I suppose there is some logic that when I feel negative about any Gold stock
it could truly surprise.

So far this Business plan brings a yawn,as the one I envisaged would have immediate impact.

[tomboyb] 09/6/2014 10:00

From LSE website - That does look like a very impressive resume indeed. Alan Fairless buying a few as well -

hxxp://www.aurasianminerals.com/template.php?menuid=52

Bruce Kay Vice-President Exploration (AUM) - Normandy Ming / During this time, the Company grew rapidly through acquisition and discovery to become Australia's largest gold producer.

Patrick (Paddy) Waters (aum) - BP Minerals, Australian Consolidated Minerals, Normandy Mining and Anglo American

Jon Loraine Vice-President Development (AUM) - responsible for establishing and running the Normandy – Anglo American South-East Asian exploration joint venture which discovered the Phu Kham mine in Lao and the Martabe Mine in Indonesia

Looking at Jon Loraine -

- The Martabe mine is one of the largest gold mines in Indonesia and in the world.[1] The mine is located in the west of the country in North Sumatra.[1] The mine has estimated reserves of 11 million oz of gold and 110.7 million oz of silver.[1]


he Phu Kham mine is a large copper mine located in the south of Laos in Savannakhet Province. Phu Kham represents one of the largest copper reserve in Laos and in the world having estimated reserves of 450 million tonnes of ore grading 0.54% copper, 3.46 million oz of gold and 30.2 million oz of silver.

[goodbloke1] 09/6/2014 07:35

Thanks Fenseal just didn't see it in accounts that's all

[fenseal3] 09/6/2014 07:33

goodbloke1...they had 1m cash, then received 750k from the sale of the Wamum project and 200k from Crator mountain project...cheers.

Nice vote of confidence today from Mr Fairless check out the RNS.

RNS Number : 1076J

Aurasian Minerals PLC

09 June 2014

AURASIAN MINERALS ("AUM" or the "Company")

Movement in share price

The Board of AUM notes the sharp increase in the Company's share price on Friday and confirms that it is not aware of any business or operational reason for this increase.

However, the board has received notification from Alan Fairless, that on 6th June 2014 he acquired 1,987,904 ordinary shares in the capital of the Company ("Ordinary Shares") in approximately 15 trades at an average price of approximately 0.50 pence per Ordinary Share. Following these acquisitions, Mr. Fairless now holds 18,500,000 Ordinary Shares, representing approximately 5.02 per cent. of the Company's issued share capital.

[goodbloke1] 09/6/2014 06:18

Fensel how do you make cash 2 mill as last accounts said 1 mill approx?

[richgit] 06/6/2014 21:54

I don't hold much hope from Newcrest,looking at their desperate cost cuttings,so
something else must be the reason.

[topnotch] 06/6/2014 13:13

Wow - flying like a flying thing with wings...

[melodrama] 06/6/2014 11:53

Sunny day eh!

[fenseal3] 06/6/2014 11:52

Looks like i got the day wrong for turning blue....buyers coming in and breakout looking strong, MC still only 1.6m, when you look at what a bit of good news can do, look at ROSE MC now 25m.

[richgit] 05/6/2014 18:02

It`s a shame they haven't reversed something interesting into it.

[fenseal3] 05/6/2014 16:02

Having to pay 0.5p now for any volume, we may turn blue today!!

[tomboyb] 30/5/2014 13:35

Last results showed 1.15mill in cash - I think with Newmont and the new strategy ( which is effectively values the business at around 400k!) - Very limited downside from here - imho

[tomboyb] 23/5/2014 10:55

Well AUM is almost like a Newmont subsidiary - the only difference is you can pick it up for £1.5mill

[on target] 23/5/2014 10:46

Bad sign - fenseal is here. Wait 'til he sells (when you see him start pumping some other stock) then buy.

[fenseal3] 23/5/2014 10:40

Money will be coming here soon from other miners that have rallied, this is still one of the lowest MC miners out there and they have about 2m cash, the MC here is 1.6m less than cash, a few might jump over from ROSE after todays rise....our day will soon be here!!!!

[tomboyb] 23/5/2014 10:23

New website now up and running -

[fenseal3] 21/5/2014 23:03

Talk of the price going past the option price, sooonish...peeps think they will deliver big time...looking at MC 3 fold, with bullish moves in other minrs this has stood still with a lot to offer....jonC good thread!!!