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AuRico Gold Inc. Ordinary Share Message Board

  • jack_baron jack_baron Sep 6, 2012 11:00 AM Flag

    Seeking Alpha write-up on AUQ

    AuRico Gold (AUQ) saw its shares fall $1.45 (20.74%) to close at $5.54/share yesterday on the news of their actual production cuts from their new mine. The market already knew that this was coming, but apparently were surprised by the production guidance now, which our mentor was rather surprised by. We bring this up because when it comes to trading he is a far better man, and with the price action yesterday he informed us that he was purchasing shares and now has a position. It is a company whose story investors have to like, as most of their production is within North America. We think the company will work their way through all of this and reverse the 30%+ fall in the share price year-to-date. These production issues are quite normal in the mining industry and it takes time to work through the problems. Better days are ahead, and for those looking for an attractive entry point in the precious metals arena we think AuRico is now probably the best bet long-term.

    Sentiment: Buy

2.860.00(0.00%)Jul 2 4:03 PMEDT