Waiting till the last minute may mean you miss the boat. Asking too much may also lead to that. Over time the share price should rise after the auction is completed (fewer shares=more profit per share). Re the proposed dividend: "We will continue to evaluate further opportunities for shareholder friendly initiatives, including our intention to announce a dividend policy in conjunction with the release of our year-end financial results."
BMO Capital Markets reduced its rating on AuRico Gold from Outperform to Market Perform while raising its price target from $9 to $9.50. BMO Capital Markets commented, "The company now trades at a premium to the BMO Research mid-tier gold stocks. The recent sale of Ocampo and the application of the proceeds to reduce debt and buy back shares de-risks the company profile, while increasing the importance of a successful ramp-up of Young-Davidson. … BMO Research expects that the surplus cash may be used in future to redeem the US$167M convertible notes and possibly to establish a dividend policy."