Aurcana Corporation Message Board
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I would love to see Aurcana buy Aumn, golden minerals....
It is rare to see a CEO confess that the company is very soon to be making "so much cash" from operations, as Lenic has recently confessed. In 15 months we are pulling 9.8 million ounces out of the ground....!!! ......at 40 dollar silver avg price, that is almost 400 million in revs........obscene. and I personally think the POS will avg around 45 price....so what is that, 450 million dollars. ...so the mines are there, built, and now ramping. With huge capacity, and that means the cash is gonna be there. In effect, the railroad lines are built, the cars on the tracks, so now the profit with each customer hits the bottom line.............
so Aurcana should buy a company because RIGHT NOW WE ARE VERY CLOSE TO A BOTTOM THAT SHALL NEVER RETURN.....buy em when they are low.
Golden Minerals is my candidate of candidates. gonna email Lenic.
the symbol: aumn
assets: 300 million ounces, one mine built.............another project waiting for a buyer or developer. cash starved company. in situ owns 10 billion ounces of silver and by product metals. current market cap: 180 million.......what is that, market cap selling at 1/50 of the silver it has in the ground and it is starved for energy, management, and money/
300 million dollar offer gets you the triple crown. ...and perhaps 15 million total company ounces of production within 3 years. gonna email management.
buy em when they are cash strapped and down down down-
just to break down the 300 million dollars: 225 million is the purchase price, that is the number: current market cap of aumn is 175 million, and i think it moves south from here a bit...so there is a premium. You ask: is it worth half of aurcana, and my answer is: it is not worth 25% of aurcana, but here is the rub: aurcana is so obviously misaligned by the market. It's market cap is soooo ridiculous, given the cash flow to be
starting about now and continuing forever...
The market will fix this issue. Here is what i would do:
I would buy aumn for 225, offering them a 35% increase over current market cap; I would welcome their worker aboard. I would then put 40 million into moving the current producing mexican mine up to a 5000 tpd operation...............so our total outlay here is only 265 million.
I would save the last 35 million and give a bonus to the guy who originally proposed this, who then would be required, per the terms of this bonus, to give every single retail long on this board for the last 3 months, $10,000.
I would I would I would. have a great day you guys. -
and this is how we get to 15 dollars in share price in 5 years. to answer another poster.
- 1 Reply to johnnyola_1
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and believe you all, each and every one, believe you all this one thing: the moment the checks hit my bank account, I will pay this proportional cash out to the board longs for the last month. I am even now, conditioned of course on the deal being inked by aurcana managment, I am even now cutting an "arrangement" with the Playboy hostesses where I go in Atlantic City, to do all of the paperwork, to act as my secretaries, to make sure board members get their checks timely and with no fuss or muss.. How they get paid is another matter, but that is none of your concern, nor is it the concern of Araucanian management.
have a good day, my dear sirs. - johnny
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