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AuRico Gold Inc. Message Board

  • letthemeatipads letthemeatipads Oct 20, 2012 9:40 AM Flag

    The firesales are strange ...

    The entire situation is strange.

    Carlos Slim isn't going to engage in a transaction unless there's significant upside for him. Simple as that.

    Aurico took a "loss" on the Endeavour shares (the sale reaped less than $94M -- if you include underwriting fees -- compared to its treatment at $100M earlier this year.

    There are a few plausible explanations but we aren't investing in AUQ so that they could hoard cash.

    IMHO the "buyout" explanation doesn't make sense because, if you assume that the issues are due to mismanagement, a potential parent could actually unlock extra value from the assets.

    Is it possible that they actually need the cash for something else?

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