Re: Simple Poll
in response to
by
posted on
Feb 09, 2008 12:35PM
The company whose shareholders were better than its management
1. During govt. negotiations ARU will lose some of the land they currently control in order to get permits to go forward with FDN. Then there will be a share exchange with a major. Current shareholders of ARU will end up with just the paper of that major & nothing else.
2. It would be interesting to know the aspirations of management. With 15% of ARU they could have great influence on developments. Do they wish to build an empire or cash in on their good fortune & get on with something else???
3. As I recall ARU has a current burn rate of about $40 mill. so they can easily make it through another year without resorting to equity financing. Agreed it would not be in shareholders interest to increase equity until agreement reached with Govt.
4. A financing or a deal with a major can't occur before Govt. agreement.