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AuRico Gold Inc. Message Board

  • sambino2432001 sambino2432001 Sep 14, 2012 1:49 PM Flag

    stock price

    i dont see why anyone would buy this stock. i sold all my stock in this pos company yesterday morning and put it in iag. this is why i did it, they ist announced troubles with their mines and said they were taking steps to correct the situation and the stocked tanked. then about 2 wks later after investors thought the price was rebounding and it was they dropped the big disappointment and the stocked tanked yet again. 3rd. they sell a mine to exk and in no time at all ekx increases production by 50% and they plan to increase it another 50%. i also own shares in exk. it looks to me this company is run by idiots. do your own dd but i think there are better mining companies . all i post is true. glta

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    • Sam- You correctly laid out the problems. They screwed up at Ocampo and missed badly for Q2 and said the cause was losing experienced miners but that the situation was largely fixed in that an independent was contracted and that new hires were replacing lost personnel. The share price started to recover when they droppoed another bomb, revising downward this and next years production at Ocampo. The upside is that they hired another VP,Daniel Gignac, an experienced miner to oversee the operation. Hopefully, he will turn the operation around quickly. El Cubo, under EXK has turned around incredibly fast. under AUQ thry produced 81 GPT, during the month of August they produced 176GPT, more than double without spending much money. With the 67.1 million CAPEX over the next 18 months it will be interesting to see how much more productive they become.. Management has to get their act together and we have reason to believe that they are aware of this because we now have a new CEO and a VP on site at Ocampo.Too good to walk away from but disappointed with operating rresults thus far.

      Sentiment: Buy

 
AUQ
4.07-0.08(-1.93%)Apr 17 4:01 PMEDT

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