"i doubt they will risk 50% of their market cap to trade half a share for fdn.  most likely fdn will be gobbled up by some bloated major that really doesn't deserve it."

Realistically at this point in time AEM could easily take over ARU by offering 1 sh. of AEM for every 4 shs. of ARU.  That would increase shs. outstanding of AEM by about 26%.  If down the road  there are more proven reserves then things change.  In todays mkt. about $20. for ARU would be done in a heartbeat.

Regards

Joltin