Aurum Mining Share Discussion Threads

[ducatiman] 16/9/2009 22:14

robo, you should be happy with 50%, where else would you get that?

[robo63] 16/9/2009 21:35

LR2,

I was hoping for 100% in a week or two?

[flinnyourin] 16/9/2009 18:45

`I have mentioned before gold's habit of consolidating for 18 months or so, then making a big move of six to nine months, where it moves up some 40-50%, before another period of consolidation. It is my belief that, even with a possible imminent correction, gold's next big upmove is now underway and by next spring we'll be somewhere near the $1,400 mark`.(from money week)

And Kentor is buying our gold at only $10 once, the mine is ready to go with all the machinery in place what a bargain they are getting, they will be sick as pigs if they cannot raise the capital to buy AUR.

Hold on just found this on there website -



abit confussing as there report isnt out till tomorrow.

[lr2] 16/9/2009 18:23

Hi Robo, that should see you OK for about a 50% increase by Xmas.

[robo63] 16/9/2009 18:03

Duc,

Bought a few at 12.5p this morning.

[ducatiman] 16/9/2009 10:16

requested suspension due to announcement. Hopefully aur will be making a similar statement!

[lr2] 16/9/2009 10:10

The Macquarie increase?

[piperpeter] 16/9/2009 10:08

Am I correct in believing that there was another asx announcement made on Monday 14 Sept, by Kentor?

Pp.

[ducatiman] 16/9/2009 10:04

What is the asx ticker please Pp?

[piperpeter] 16/9/2009 10:02

Am I correct in believing that another asx announcement was made this morning, by Kentor?

Pp.

[lr2] 16/9/2009 09:34

Treeshake won't work surely. Too many people know what the deal is here.

[ducatiman] 16/9/2009 09:28

I feel a treeshake coming on! Holding for next leg up. Should be an rns soon to update on kentor progress.

[lr2] 16/9/2009 08:54

MRP fan club away day special. We like Kyrgyzstan.

[davros006] 16/9/2009 08:49

Right whats going on here...
MRP Rejects thread?

lol.

Added this morning BTW.

[flinnyourin] 16/9/2009 07:04

Nice find LR2 so thats 20p + 10% share of the gold mine so theres still over 100% + upside from here and even if it falls through we still hold a great goldmine, looks good to me, i wish we could raise the capital ourselfs then we would be talking $$$$.

[lr2] 15/9/2009 22:11

Robo, this July note from Arbuthnot should explain the interest here.

Aurum Mining Upgraded to Buy From Reduce By Arbuthnot - Target price 15p

Business Financial Newswire

Following the return of cash to shareholders in April, the management of Aurum has been working on crystallising value of the Andash copper / gold deposit and the results of this were announced this morning.

Aurum has granted an option over the Andash deposit and the mining equipment to Australian listed Kyrgyz explorer Kentor Gold [KGL]. The net benefit to Aurum would therefore be $13.8m in cash.

In April, following the return of £16m to shareholders Aurum had £2m in cash; the current share price equates to a market cap of £2.3m, thus the prospect of an additional £8m ($13.8m) should see the shares much stronger today.

The offer along with the existing cash equates to approximately 20p per share. While there is obviously some risk in Kentor completing a fundraising and exercising the option, we believe there is a better-than-even chance of this occurring. It is also a positive signal regarding the potential value of the project and associated plant.

Analyst lifts target price on the company from 5p to 15p and moves to Buy (from Reduce).

[ducatiman] 15/9/2009 21:45

Robo, thought you were in. There are those who say that 17/18p will be returned to shareholders once the deal is done and it looks like it will be done, see links above. Kentor doing due dilligence but as they say many a slip twixt cup and mouth.

[robo63] 15/9/2009 21:40

Should I be buying a few here Duc?

[ducatiman] 15/9/2009 21:36

Robo, now you are getting paranoid, though I do see where you are coming from.

[robo63] 15/9/2009 19:46

Pp,

Funny you should mention patience? Someone said the very same thing to me recently, not you by any chance?

[ihavenoclue] 15/9/2009 19:21

Bought in first thing this morning .. going well

[lr2] 15/9/2009 14:55

On line limits - buy 1k at 11.38p or 1.5k at 11.59p. Cannot buy above that number on line. Can sell 25k at 10.68p.

Edit at 15:20 - sell price has now strengthened to 10.95p.

[scotswhaehae] 15/9/2009 14:53

Getting underway

Managed to pick up a few

17p plus here we come?

(I wonder what the 10% rump stake will be eventually valued at by the market? 11p plus?)

[ducatiman] 15/9/2009 14:30

3v1, scap must be asleep!