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AuRico Gold Inc. Message Board

  • argentuminvestor argentuminvestor Nov 23, 2011 9:44 PM Flag

    GG < AUQ

    Goldcorp today announced a $2B credit facility. Coupled with their $1.8B cash, I suspect they might buy AUQ ($2.6B).

    Check back in 6 months.

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    • AUQ eliminates debt, GG increases debt. GG could easily move into a AEM situation since it has become a mine maintainer not a gold/silver finder. GG and AEM are better suited to digging and upkeeping subways than finding gold and silver. The corporate miners of GG aren't buying AuQ, it is not about digging and maintaining subway tunnels, like they do at GG. The evidence of that is GG's poking around aimlessly in Mexico, with an underperforming, under producing mine, when they should be at the Red Lake/Campbell complex drilling from deep levels in the fault zones. You can't explain that to anyone at GG, nor do they even get it on any level.

 
AUQ
3.56+0.06(+1.71%)May 4 4:04 PMEDT