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AuRico Gold Inc. Ordinary Share Message Board

  • derekthompson1965 derekthompson1965 Nov 19, 2012 2:33 PM Flag

    AUQ Take Over

    New management staging AUQ for ultimate sale. New CEO comes in and its just been cleaning house time. Murders previous production outlook and then goes to work … sells Mexican mine for $750 million, sells various AUQ share investments for $100 million, exploration discoveries at Chanate, settles $180 million class action for $13 million and left to insurers, exploration success at YD, hits Q3 profit estimate out of park, new Canadian mine production performance keeps beating expectations, quickly discloses Chanate accident to market, and is now shaping AUQ to be focused on shareholder returns only (big announcement due as Mexican mine sale goes through as well as paying down all debt). New management has done a ton in 3 months so what is next for this clean up team? AUQ is being packaged for sale, no? tick, tock ...

    Sentiment: Strong Buy

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