Who knows, it held at 50 cents on the last selloff and that was before the announcement of the mine re-opening. Seems a little severe to drop the market cap $20M over financing. At the current market cap of AUMN, you get all the properties and equipment for $18M. They paid about $300M for Valerdena alone.
Neither changes, as electric toothbrooth is an asset of global toothbrush. The transaction is executed with the proceeds flowing into global toothbrush. Global toothbrush now owns the assets received from the transaction and no longer owns the electric toothbrush division. Your investment is global toothbrush is not affected.
I think you underestimate the true longs. Many of us have been through two CRLs and the stocks falling below $2 with an uncertain regulatory pathway and capitalization concerns. Relative to that, this short-term share price manipulation is nothing but an annoyance. This will be a blockbuster, and another 4-6 months is a walk around the block. Your short buddies are going to get crushed, and you know it's coming. I can see it in the desperate shorts relentless posting of garbage. Anyone that's done their DD knows what's coming, and you clowns are becoming pathetic.
Looks like Sentient will own 25% of the float after this offering, and I doubt they will sell anytime soon as their CEO is on the AUMN board of directors. That will leave about 31M shares of total available float, which is still a relatively small number.
After the 6% drop yesterday. Comical.
Good point, although they hired Roth who should know what they are doing. Roth is a good shop. In any case, I agree- $.50 would be a deal.
1. Why now, when the shares were trading over $1.40 in July;
2. Why not wait until the assets are written up. Currently the book value is based on the company classification as an 'exploration' company, even though they have been actively producing for 2 months. Write-up the assets, post a nice related gain in the third quarter, then file the offering.
Institutions hold 34% of the float:
Top Institutional Holders
Holder Shares % Out Value* Reported
Vanguard Group, Inc. (The) 14,020,972 3.48 153,669,853 Jun 30, 2014
BlackRock Fund Advisors 9,624,896 2.39 105,488,860 Jun 30, 2014
FMR, LLC 9,229,268 2.29 101,152,777 Jun 30, 2014
Greywolf Capital Management LP 6,206,570 1.54 68,024,007 Jun 30, 2014
BlackRock Institutional Trust Company, N.A. 6,090,156 1.51 66,748,109 Jun 30, 2014
State Street Corporation 4,846,280 1.20 53,115,228 Jun 30, 2014
Susquehanna International Group, LLP 2,187,796 0.54 23,978,244 Jun 30, 2014
BlackRock Advisors, LLC 2,143,055 0.53 23,487,882 Jun 30, 2014
Bank of America Corporation 2,080,827 0.52 22,805,863 Jun 30, 2014
Creative Planning 1,989,630 0.49 7,998,312 Mar 31, 2014
I got a request from Schwab as well, same rate. They offer the same rate to all retail clients. It was as high as 8% last month.
Your comment about 'acquisition target' may hold water. AG only operates in Mexico, and all the recent activity by AUMN has been in Mexico.
The recent acquisitions will appear brilliant if spot goes above $25, foolish otherwise. I like the decisive move and the potential upside, and yes - a partnership would add immediate PPS upside as it would mitigate the capital shortage.
When Matt was discussing what rights Sanofi has to the product under the agreement, Al (in the background) mentioned 'processing', to which Matt replied 'we haven't disclosed that yet, Al'. Then laughter. So, the question is what 'processing' was Al referring to. Most here believe it is a reference to manufacturing, which seems reasonable.