Aurelian Resources Was Stolen By Kinross and Management But Will Not Be Forgotten

The company whose shareholders were better than its management

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Message: Re: Poll....
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Sep 23, 2008 11:02AM
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Sep 23, 2008 11:36AM
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Sep 23, 2008 11:58AM

Sep 23, 2008 12:17PM

Still here and holding. Curious that K can trade 6,559,926 shares and ARU only 106,719. Though they still manage to be in lock step.

Not really. It's just arbitrage. If the price of Aurelian drifts below the deal ratio, you buy ARU and sell K. If it goes higher, reverse the trade. Do this enough times throughout the day and you've paid for lunch. (hotdogs, anyone?)

I went in yesterday and tried to clear out a small trading account. I put 4700 up a penny below, and 6000 magically appeared below me, trying to drive me down. Later in the day I went straight down the middle and managed to move a mere 500, then a couple more hundred got picked off near the close. Does that sound like panic buying?

Regarding the poll. To my disgust, K will eventually get by continuing the extensions. Though it will only take a few negative NR's from Russia to affect K share price and make them look mighty tasty to another majour. Then we will get our due.

They can continue the extensions OR, they can do another PP and dilute us down. Either way, it's over. FWIW, my attention will now shift to the class suit, because as far as I'm concerned, the options the BoD granted themselves were just theft, plain and simple. They didn't do anything to earn them. Those guys were already rich, but they just couldn't resist a bit of last minute looting. Hopefully we can bring suit in the USA where punitive damages are awarded. The pain and suffering they've caused my wife should be worth at least a new Beamer...LOL!

In the meantime, I believe the mining mandate will not include the WFT and the slip of the tongue in Denver was just that. Jose felt they had let the cat out of the bag before he and the Ecuador Govt could load up on shares and needed to retract some share prices. In the end it will be positive to the industry and then all Ecuador plays will do well. Although based on past missed deadlines, if they say Oct it will be sometime in Dec or Jan.

They are too clever by half. The junior market has suffered extensive damage lately and capital will be scarce for some time to come. Only the best projects will be funded, and what little money is available for exploration will go elsewhere. This isn't oil we're talking. There's still lots of promising geology in places where they don't slam you to the mat with stupid decrees, then sign off on what can only be described as legalized theft.

Oh, and their football team sucks too. Always did.

ebear

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Sep 23, 2008 02:03PM

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