I don't write here often. But I do read this often and get chuckles out of the readings. Often like reading a comic book. Beth and several of you really do get it. I am sorry you are stuck in such a bad situation.
At times when you spend so much time arguing back and forth without any foundation of fact on many statements such as those from BB you are wasting time and scaring any real investor away from this stock as no one seems to have any real knowledge.
Many of you I am sure consider yourselves knowledgeable investors. But I question that. No one discusses any of the big picture or true global dynamics. What is happening in today's commodity markets and large cap miners? All the big names Bilton, Newmont, and Freeport are cutting all expenses and capital investments to protect dividends in an attempt to keep their share prices up. Copper sinks on a daily basis now below 2.30 a pound as China continues to slow.Auryn has two years plus to decide what they want to do.
It makes sense they have slowed their pace of exploration. The whole industry has.
There is no major making any new investments today. They state it in their news releases and quarterly updates. The commodity side of the market is in deep "bear" territory. There are no white knights coming to town in the current environment, no demand for this stock, and it will quietly continue to slide in value with the industry as there is no new money flowing to the commodity markets right now.
At best you are going to wait until the market turns and see if Auryn thinks they can make money by exercising or possibly selling their interest. They are buying 85% of the asset. They care little about the shareholders.
As the market has deteriated they very well could modify their offer or not proceed at all.
They could gain control and force a restructured sale, with a fairness opinion not hard to get based on market conditions and trends.
Hard to invest in a company with so little credible information.
