Aurum Mining Share Discussion Threads

[tt2oo5] 07/12/2010 17:16

nope, Praipus have you?

[chrissey] 07/12/2010 15:27

pas encore Praipus

[praipus] 07/12/2010 12:50

Anyone had their 15p per share yet?

[kooba] 07/12/2010 12:20

could be a 7 day delay on trade that large so should see the actual print before the end of the week assuming trade took place last week.

[marab] 07/12/2010 11:53

Perhaps stretching the definition of delayed trade to its limits.

[tt2oo5] 07/12/2010 11:27

in...June???

[napoleon111] 07/12/2010 08:25

Weiss sold down from 21% to under 3%...well there you go then

[kooba] 07/12/2010 07:40

looks like 20% of the company has changed hands...somebody obviously has some thoughts on the company's future...be interesting to see the print as to where the transaction took place.

[chrissey] 02/12/2010 13:31

the company is now valued at 1.6p/share, based on the cash assets remaining.

this is not the basis for determining the value of your remaining investment, that is determined by the trading price of the share, it is showing a premium, presumably due to the potential value of the listing and the possibility of making an aquisition or being aquired.

I personally struggle to see how any aquisition will be made, the company has just returned the majority of its assets to shareholders as cash because it believed that this was the best use of its cash.

[backwoodsman] 02/12/2010 13:01

Sorry, mea culpa. I mis-read the RNS. Cash back as we know is 15p and we are left with c 1.6p/share in the company. In my case worth about £120 but I could sell for about £200 at current price.

[billbyrne] 02/12/2010 10:24

It would be nice if it happened before the 23rd but I think its more
likely to be in the period upto June, so we will be suspended on the
23rd. So you have 21 days to decide to stay in or sell.

[staddles] 02/12/2010 10:12

Billy,

Having re read it you are right, lets hope that they find some good opportunities before 23 December 2010.

[billbyrne] 02/12/2010 10:07

I think the 1.6p is the value of the shares after the 15p has been
returned to shareholders.

Looks like we will be suspended fairly soon. I,m staying in for the
ride, it will be interesting to see what they come up with.

[staddles] 02/12/2010 10:06

Yes I am a little worried because if they only return 1.6p it represent a huge loss! How can we check the figure.

[backwoodsman] 02/12/2010 09:22

I really hope they meant 16p...

[zangdook] 28/11/2010 18:10

TSX:AUR = LSE:AAAM ≠ LSE:AUR

[praipus] 28/11/2010 16:31

Wrong company Andy. This is the thread for Aurum no connection as far as I know.

[kooba] 20/11/2010 21:48

15th November 2010
PERTH (miningweekly.com) – Gold developer Kentor on Monday announced that it had successfully raised A$65,2-million through a share placement and rights issue.

The share placement consisted of 86,5-million new shares, at 15,5c a share to raise a gross proceed of A$13,4-million.

In conjunction with the placement, Kentor also undertook a nonrenounceable rights issue to raise a further A$51,8-million.

Under the rights issues, shareholders would be entitled to three new ordinary shares for every five share held. The shares would be issued at a price of 13c a share, representing a 31,6% discount to the one-month volume-weighted average price of Kentor shares.

A top-up facility would also be made available, and would allow eligible shareholders to apply for additional shares over and above their entitlements.

"The placement and investor reaction to the rights issue represents a massive vote of confidence in both the quality and potential of the Andash, and the comprehensive expertise within Kentor to develop and operate this low-cost, high-grade gold/copper project, in the Kyrgyz Republic," said Kentor MD Simon Milroy.

He added that the equity raising complemented Kentor's $50-million debt financing, which has been provided for the project.

The Andash project would cost an estimated $96-million to deliver to production. A definitive feasibility study completed in early 2010, confirmed Andash as a technically and economically robust project. Production is planned at a rate of 60 000 oz/y gold and 6 800 t/y of copper in concentrate for an initial six-and-a-half year life-of-mine.

The current estimated resource is 19,2-million tons at 1,1 g/t gold and 0,4% copper for 680 000 oz of gold and 77 000 t of copper.

[praipus] 19/11/2010 10:06

Its by no means an exhaustive list but it has all that I'm aware of so far if you know any more please post and I will and them to the lst.

[flinnyourin] 19/11/2010 09:32

Hi Praipus, yes always nice to know what they are buying into they seem a pretty clued up company, cheers.

[praipus] 11/11/2010 17:33

Flinnyourin are you still after companies with Weiss holdings?

[zangdook] 27/10/2010 18:54

Sounds like the Kyrgyz are either very fiendish or very confused. I don't really understand the implications - I thought AUR had got rid of all of its interest in Andash. Not holding any more.

[double6] 14/10/2010 22:32

What is the 15p distribution date ??

What assets are there after the distribution ?

[zangdook] 24/9/2010 17:39

Sorry to be lazy, but does anyone have an estimate of NAV per share post distribution? Just wondering whether it's worth buying back in.

Unfortunately it doesn't look like we can use it to convert capital gains to income as they're describing it as a "capital payment" and not a dividend.