Ann: Investor Presentation, page-3

There are approx 146m AUNOC options (excercise price 6 cents) that expire this month. Hyperthetically, if the SP had been alot higher, that could have bought in alot of Cash (almost $9m), but time is almost up now, the the expiry at the end of the month.

If nothing is raised from the oppies, then a CR will likely be on the cards soon, but with the current SP so low, that might be done closer to 3 cents per share (just a guess), which is nowhere near as good as 6 cents.

Bit of ashame unless they can pull a rabbit out of the hat. Then again, our neighbour (AME) has rocketed today due to a merger (up around 80%) and now has an MC around the $43m mark (compared to just approx. $17m for AUN). Plus, the Gold price is quite high at the moment too.

Lets hope AUN also has a similar recovery!

IMHO / DYOR