Aurelian
posted on
May 27, 2010 10:03AM
NI 43-101 Update (September 2012): 11.1 Mt @ 1.68% Ni, 0.87% Cu, 0.89 gpt Pt and 3.09 gpt Pd and 0.18 gpt Au (Proven & Probable Reserves) / 8.9 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inferred Resource)
Since Aurelian has been brought up today I wish to comment as follows:
If you held Aurelian stock in the years 2004 and 2005 chances are you would have sold and told yourself this is the worst stock I have ever invested in. Great news resulted in a price decline. All info was put on the website in a professional manner. Do you remember the Article written about Aurelian? Words like, "only the astute investor saw the value."
Do you remember the following from the article?,"All this information was made available by Aurelian via their website. However, the market did not recognize the importance of these geological clues. Aurelian stock declined after the Bonza Las PeƱas announcement and consolidated at low levels throughout 2005.
Keep in mind that the Aurelian stock was not held at at the 60ish cent range to be sold off at 80 cents. The pain of the two years of "sitting tight" resulted in the following: The institutions has a chance to load up their pockets and had majority of the shares-not retail. Year 2006 came. That was the year for Aurelian. It went from 60 cents to 42 dollars in 8 months. Then came the stock split and later the "equador" troubles. Does everyone see the words, "the market did not recognize the importance of the clues"in the above verbage? Do we not have this now. Noront triples the deposit and the stock price declines. The gov't is investing money into this area.It is NOT that the market doesn't recognize the value. We see the value. How many times do we have to be told that eagles nest alone is worth over $4.00 per share? How many times. How many times do we have to read crap like, "we are at this price because the market is giving us this value." Bullsh*t. Do you not see the same pattern in Aurelian? Do you actually think that suddenly someone that valued the stock at 60 cents decided it was worth mutiples? The stock price went up because the hawk like institutions who picked the pockets of the pigeon retail finally allowed the price to move to it's true value.
When all was said and done the stock was sold to Kinross for a pre-stock split equivalent of about $28.00 per share.
When you realize this and look at the price of the options these ex-ARU boys have you will realize that this talk of $2.50 does not compare to the profits seen at ARU when the stock was free to go. Keep in mind the averages of these institutions and the opportunity loss for sitting tight.
I am very sure $2.50 is no where near the reward they would be looking for.
Also, keep in mind one other item. Do you remember Joe Hamilton's speech a while back during a luncheon. He said, " We are one hole away from Fame and Fortune."
Notice the word Fame came before Fortune. Do not dimiss the word Fame in this story.
Noront reached a high of $7.42. It did not close at this but we say the high during the day. If you want fame the price has to exceed the previous high that was achieved by a former management.