Well respected financial guru and scribe, Jenny Prabhu, had the following to say re AUG in the May 14th "Morning Alert" edition of the OzEquities Newsletter (when Spot Gold was up $1 overnight to $310:75 and AUG was trading at round 17.5 cents)
"Worth noting that Aurora Gold's 50% stake in Morobe Gold could be worth a further $2/3 per share to the stock (Morobe is being offered for sale by the j/v partners through Rothschild)".
Augurs well for Aurora holders even if the implied Morobe Gold valuation was only worth an extra 10 or 20 cents, never mind $2 or $3.
Regards & good luck,
Carl.
AUG-Coporate activity??, page-4
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)