Reported separately. I wasn't sure how they would deal with the merger, but now we know. Too long to summarize. Outlook was positive. Let's see how the street reacts.
Can we assume that the figures reported with be the combined AUG/AGI earnings for the last quarter, or will AUQ still report separately? I know the earnings estimates for AGI have been in the news feed, but am not sure if the analysts were taking into account the merger or were anticipating only the AGI numbers.
I seem to recall there are different levels for Aurico Metals. I'll have to go back and look it up. The version I have went down a penny(US) today closing at .50 cents.
There are two listing, both on the Toronto exchange: (TSE:AMI), which is how Google Finance page presents it, and (AMI-CA), which is how the CNBC app on my phone presents it. My TDAmeritrade account says I have shares in the latter, and it's currently .51 cents Canadian. Selling the share incurs the usual Canadian tax which you can deduct from your US taxes.
I can find AMI.TO on Google finance, but see no sign that I have shares of it in my TDAmeritrade account . Should have .4397 shares for each of my AGI shares.
And what about the spin off gold refinery (that was AUQ's) that we are said to be getting shares of? Should we see signs of those in our trading accounts yet?
AUQ and AGI have been heavily shorted as they approached their merger date (officially merged now, AUQ leaves the board as of Monday), so that weaker shareholders will drop out. The new merged AGI will start trading Monday and may start an upward trend if gold cooperates. The big surprise for me has been the lack of gold's boost due to the situation in Greece. Looks like the Fed has been keeping in down so as to not weaken the dollar.
I posted the target out of astonishment. It's either a typo or a fragment of an alternate universe. Going back to the original press release I noticed it was changed to no target listed.
Brokerage firm Citigroup Reinstates its rating on Alamos Gold(NYSE:AGI). In a research note issued to the investors, the brokerage major Announces a price-target of $132.00 per share. The shares have been rated Neutral. The rating by Citigroup was issued on Jun 2, 2015.
Sentiment: Strong Buy
I've saw the 6-K form posted on Google finance, but haven't received the real thing in the mail nor via my broker (to be filled out on line). How are we expected to vote on the merger? The 22nd is the deadline.
The new company, which I think will take the name Almost Gold, will have to absorb both companies' debt. They can't legally hide it. The other new company, built around AUQ's refinery could possibly be under the debt of the construction of the operation, since it's being spun off from AUQ. I think we'll know more once they send out the shareholder voting forms.