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$4.75 cash, .9953 HL Share, or combination of $3.11 cash and .3446 HL
VANCOUVER, BRITISH COLUMBIA -- (MARKET WIRE) -- 03/04/13 -- The Board of Directors of Aurizon Mines Ltd. (TSX:ARZ)(NYSE MKT:AZK) ("Aurizon" or the "Company") today announced that it has entered into a definitive agreement pursuant to which Hecla Mining Company (NYSE:HL) will acquire all of the outstanding diluted common shares of Aurizon for approximately CAD$796 million. The transaction will be implemented by way of a plan of arrangement (the "Arrangement") under the Business Corporations Act (British Columbia).
Under the terms of the Arrangement, Aurizon shareholders may elect to receive in exchange for each Aurizon Share, CAD$4.75 per share or 0.9953 of a Hecla share or a combination of both, subject in each case to pro-ration based on a maximum cash consideration of approximately CAD$513.6 million and a maximum of approximately 57,000,000 Hecla shares. Assuming that all shareholders elect to receive either cash or Hecla shares, the consideration will be fully pro-rated with each shareholder being entitled to receive CAD$3.11 in cash and 0.3446 of a Hecla share for each Aurizon share.
The CAD$4.75 per share offer price represents an approximately 12% premium to the current implied CAD$4.26 per share value of the Alamos Offer based on the closing share price of Alamos Gold Inc. on March 1, 2013 and assuming that all shareholders elected to receive cash or shares.
George Brack, Chair of the Special Committee of the Aurizon Board of Directors said: "We are pleased that our rigorous process to seek value-maximizing alternatives has resulted in an agreement with Hecla which resulted in additional value for Aurizon shareholders. The agreement with Hecla provides Aurizon shareholders with an attractive premium, value certainty through a substantial cash consideration component and an opportunity to participate in the upside potential of a combined CAD$1.6 billion company with a world class asset portfolio located in politically stable and proven mining jurisdictions."
The Board of Directors of Aurizon, acting on the recommendation of its special committee of independent directors, after consultation with its financial and legal advisors, has determined that the transaction is fair to Aurizon's securityholders and in the best interests of Aurizon. Scotia Capital Inc. and CIBC World Markets Inc. have each delivered an opinion to the Aurizon Board of Directors and Special Committee, respectively, that, based upon and subject to the assumptions, limitations and qualifications set forth in the opinion, the consideration offered by Hecla pursuant to the Arrangement is fair, from a financial point of view to the Aurizon shareholders other than Hecla and its affiliates.
The Arrangement will require the approval of 66 2/3% of the votes cast by the affected securityholders of Aurizon voting as a single class and the approval of 66 2/3% of the votes cast by the Aurizon Shareholders at a special meeting which is expected to take place in May, 2013. Assuming Aurizon securityholders approve the transaction at the special meeting and all court and regulatory approvals are obtained, the transaction is expected to close in the second quarter of 2013.
The Arrangement Agreement provides for, among other things, a non-solicitation covenant on the part of Aurizon (subject to customary fiduciary out provisions). The Arrangement Agreement also provides Hecla with a "right to match" any competing offer which constitutes a superior proposal and the Arrangement Agreement requires Aurizon to pay a termination fee of CAD$27.2 million or to reimburse Hecla's expenses in certain circumstances.
Details of the Arrangement, including a summary of the terms and conditions of the Arrangement Agreement, will be disclosed in a Management Information Circular of Aurizon which will be mailed to Shareholders and other affected security holders of Aurizon.
The Board of Directors of Aurizon unanimously recommends to Aurizon Securityholders that they vote to approve the Arrangement and continues to recommend that shareholders REJECT the previously announced offer by Alamos Gold Inc. Shareholders who have questions or who may have already tendered their shares to the Alamos Offer and wish to withdraw them, may do so by contacting our Information Agent, Georgeson Toll Free (North America): 1-888-605-7616, Outside North America Call Collect: 1-781-575-2422 or Email: askus@georgeson.com.
Waiver of Shareholder Rights Plan and Cancellation of Special Meeting of Shareholders
The Board of Directors the Company also confirmed today that, in accordance with the order of the British Columbia Securities Commission referenced in the Company's February 18, 2013 press release, the Board has, effective today, waived the application of the Company's shareholder rights plan.
Aurizon's Board of Directors also announced the cancellation of the March 7, 2013 Special Meeting of Shareholders, the purpose of which was to ratify the Company's shareholder rights plan.
Advisors
Scotia Capital Inc., DuMoulin Black LLP, Blake, Cassels & Graydon LLP and Paul, Weiss, Rifkind, Wharton & Garrison LLP are advising Aurizon in connection with the Arrangement transaction. CIBC World Markets Inc. and Blake, Cassels & Graydon LLP are advising the Special Committee of the Aurizon Board.
About Hecla Mining Company
Hecla Mining Company (NYSE:HL) is a leading low-cost U.S. silver producer with operating mines in Alaska and Idaho and exploration and pre-development properties in four world-class silver mining districts in the U.S. and Mexico.
About Aurizon
Aurizon is a gold producer with a growth strategy focused on developing its existing projects in the Abitibi region of north-western Quebec, one of the world's most favourable mining jurisdictions and prolific gold and base metal regions, and by increasing its asset base through accretive transactions. Aurizon shares trade on the Toronto Stock Exchange under the symbol "ARZ" and on the NYSE MKT under the symbol "AZK". Additional information on Aurizon and its properties is available on Aurizon's website at www.aurizon.com.
Conference Call Details
Hecla and Aurizon representatives will host a conference call today, March 4, 2013 at 9 am Eastern Time to discuss the Arrangement transaction with Hecla. You may join the conference call by dialing toll-free 1-866-730-5771 or 1-857-350-1595 internationally. The participant passcode is 42071935. Hecla's live and archived webcast can be accessed at www.hecla-mining.com under Investors or via Thomson StreetEvents Network.
Forward Looking Statements
This news release contains forward-looking information (as defined in the Securities Act (British Columbia)) and forward-looking statements that are prospective in nature (collectively, "forward-looking statements"). All statements other than statements of historical fact may be forward-looking statements. In this news release, such forward-looking statements include statements regarding the ability of the Company and Hecla to consummate the Arrangement on the terms and in the manner contemplated in the Arrangement Agreement, the anticipated benefits of the Arrangement, the anticipated benefits to Aurizon shareholders and to the shareholders of the combined entity on completion of the Arrangement, the timing and anticipated receipt of court and securityholder approvals for the Arrangement transaction, the anticipated value of the combined entity and the expected timing for special meeting of Aurizon securityholders and the closing the Arrangement. These forward-looking statements are based on a number of assumptions, including assumptions regarding the time required to prepare and mail meeting materials to the Aurizon securityholders, the ability of the parties to receive, in a timely manner and on satisfactory terms, the necessary court, shareholder, stock exchange and regulatory approvals and the ability of the parties to satisfy in a timely manner, the conditions to the closing of the Arrangement, the value of Aurizon's assets, in particular Casa Berardi; the value of Hecla's assets; the successful completion of new development projects, planned expansions or other projects within the timelines anticipated and at anticipated production levels; the accuracy of reserve and resource estimates, grades, mine life and cash cost estimates; whether mineral resources can be developed; interest and exchange rates; the price of gold, silver and other metals; competitive conditions in the mining industry; title to mineral properties; financing requirements; general economic conditions; and changes in laws, rules and regulations applicable to Aurizon and Hecla. Although management of Aurizon believes that the assumptions made and the expectations represented by such statements are reasonable, there can be no assurance that a forward-looking statement herein will prove to be accurate.
Actual results and developments may differ materially from those expressed or implied by the forward-looking statements contained in this news release and even if such actual results and developments are realized or substantially realized, there can be no assurance that they will have the expected consequences or effects. Factors which could cause actual results to differ materially from current expectations include non-completion of the Arrangement, including due to the parties failing to receive, in a timely manner and on satisfactory terms, the necessary court, shareholder, stock exchange and regulatory approvals or the inability of the parties to satisfy in a timely manner the other conditions to the closing of the Arrangement; changes in market conditions; actual results being materially different than reserve and resource estimates, grades, mine life and cash cost estimates; variations in ore grade or recovery rates; risks relating to international operations; fluctuations in gold, silver and other metal prices and currency exchange rates; failure to obtain any required financing; inability to successfully complete new development projects, planned expansions or other projects within the timelines anticipated; adverse changes to general economic conditions or laws, rules and regulations applicable to Aurizon or Hecla; changes in project parameters; the possibility of project cost overruns or unanticipated costs and expenses; labour disputes and other risks of the mining industry; failure of plant, equipment or processes to operate as anticipated; risk that estimated costs, including costs of labor, equipment and materials, including power, are not as anticipated; the risk of an undiscovered defect in title or other adverse claim; that results of exploration activities will be different than anticipated; and those risks set forth in Aurizon's Annual Information Form dated March 30, 2012 and in Hecla's filings with the U.S. Securities and Exchange Commission, which are available respectively on Sedar at www.sedar.com and on Edgar at www.sec.gov/. You should not place undue reliance on any forward-looking statements contained in this news release. Aurizon specifically disclaims any obligation to reissue or update these forward-looking statements as a result of new information or events after the date hereof, except as may be required by law.
U.S. Registration (File 001-31893)
News Release Issue No. 10 -2013
Contacts:
Media:
Longview Communications
Trevor Zeck
(604) 375-5941
Media:
Longview Communications
Nick Anstett
(416) 649-8008
Aurizon Mines Ltd.
Investor relations
Mr. George Brack, Chairman of the Special Committee of the Board
of Directors of Aurizon said,
"given that multiple parties have entered into confidentiality
agreements with the Company and are continuing the due diligence
process and making site visits, we are pleased to have the
additional time provided by the BCSC's consent order.
We believe that this additional time will allow us to complete our
process of identifying, evaluating and negotiating value-enhancing
alternatives to the Alamos offer."
Gold Will Hit $15,000 per Oz. -
I'm having trouble understanding the drop to this range with a proposal on the table worth $4.65. I suppose Alamos could withdraw or modify the offer, but how likely is that given the interest purportedly shown by other potential suitors? The high drama from the Fed this week naturally spooked the PM markets, but Aurizon looks like a relatively safe bet at this level, and with the Philly Fed Business Outlook coming in at -12.5 vs +1 expected, there is now a gaping hole in that hawkish talk about reining in QE-forever. Someone please enlighten me on where I'm going wrong.
The bid have to be over $5, $5,250.--/sh still a fiat bargain -
the fiat$ = counterfeit fed ponzi scheme fraud paper"
http://beforeitsnews.com/economy/2013/02/are-we-days-away-from-a-financial-collapse-2491380.html
Aurizon Announces Consent Order by BC Securities Commission That Allows Aurizon's Shareholder Rights Plan to Continue Until March 4, 2013
http://www.marketwire.com/press-release/aurizon-announces-consent-order-bc-securities-commission-that-allows-aurizons-shareholder-tsx-arz-1757905.htm
Aurizon Reports Mineral Reserve Replenishment and an Increase in Underground Reserve Grade of 6% at Casa Berardi Mine
http://www.marketwire.com/press-release/aurizon-reports-mineral-reserve-replenishment-increase-underground-reserve-grade-6-casa-tsx-arz-1757197.htm
BNN Business Day : AM: February 13, 2013 : Gold & Value Down the Food Chai...
http://watch.bnn.ca/#clip864145
Will Alamos succed - The bid is too low - Agnico-Eagle is
looking @ AZK mines - The bid analyst predict have to be
over $5 +
below $10 still a bottom bargain pick
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=84392974
Hearing before the British Columbia Securities Commission on Feb 18th.
Aurizon Announces Hearing on Shareholder Rights Plan
http://seekingalpha.com/news-article/5580341-aurizon-announces-hearing-on-shareholder-rights-plan
Aurizon Mines says in talks with a number of suitors
By: Henry Lazenby
8th February 2013
TEXT SIZE
TORONTO (miningweekly.com) – Toronto- and New York-listed Aurizon Mines, which in January rejected an unsolicited C$780-million offer from Alamos Gold, on Friday said it had entered into confidentiality agreements with a number of parties regarding a potential takeover.
The company’s board said it had mailed materials to all shareholders recommending that shareholders ratify the shareholder rights plan the board adopted on January 22.
The rights plan is intended to provide the board with adequate time to identify and develop value-enhancing alternatives to any unsolicited takeover bid, including the unsolicited offer made by Alamos on January 14, 2013.
The value of Aurizon shares listed on the TSX had increased by 32.57% since the start of the year and on Friday traded at C$4.61 apiece.
Edited by: Creamer Media Reporter
Ps.
Got phone calls from Alamos -
they want to buy the shares -
God Luck in the blue moon
I held them since 25yrs back -
and the trading value is NO market value -
we need a level playing field -
and fiat paper value at least 10x higher -
to get near the REAL GOLD VALUE -
Ontario is BEST Safety Jurisdiction -
Great Mother Load in James Bay Golden Au-lowland -
The Golden Horseshoe -
Richest Real Money Pit on the earth -
God Bless
http://www.miningweekly.com/article/aurizon-mines-says-in-talks-with-a-number-of-suitors-2013-02-08
Quebec gold producer Aurizon Mines seeks better offer than $780-million bid by Alamos Gold[t][/t]
BY ROBERT GIBBENS, SPECIAL TO THE GAZETTE JANUARY 23, 2013
MONTREAL — Quebec gold producer
Aurizon Mines Ltd.
said Wednesday a $780-million cash-and-stock bid from Toronto-based
Alamos Gold Inc. is “opportunistic” and too low and
it is seeking a better offer elsewhere.
It has adopted a standard shareholder rights plan to gain time to
find a white knight to improve on Alamos’s $4.65-a-share offer,
which is open for 35 days. Alamos already owns 16 per cent of
Aurizon.
Aurizon said the Alamos bid fails to compensate
shareholders for the
true value of their assets and contains geopolitical and
development risks. “The board is exploring the full range of value-
maximizing alternatives.”
Alamos’s only producing mine is in Mexico and it has development
properties in Turkey and elsewhere.
Putting its assets with the
debt-free Aurizon and its Casa Berardi mine (140,000 ounces
annually) in northwestern Quebec would create an intermediate gold
producer with annual output of more than 300,000 ounces, it argues.
Aurizon is developing more reserves at Casa Berardi and also has a
future gold mine to the southwest and several development
properties in the same area near Rouyn-Noranda.
Several analysts rated the possibility of a counterbid as slender.
Brian Quast, analyst with BMO Capital Markets, expects the Alamos
bid to succeed in its current form.
Aurizon shareholders meet March 7 to vote on the shareholder
rights plan.
Aurizon shares traded at $4.74, down 0.2 per cent, early Wednesday.
Read more:
http://www.montrealgazette.com/Quebec+gold+producer+Aurizon+Mines+seeks+better+offer+than+million+Alamos+Gold/7860569/story.html#ixzz2JLvkofiB
Aurizon Board of Directors Unanimously Recommends Shareholders Reject the Alamos Hostile Take-Over Bid
January 23, 2013
http://www.aurizon.com/English/News/News-Releases/News-Releases-Details/2013/Aurizon-Board-of-Directors-Unanimously-Recommends-Shareholders-Reject-the-Alamos-Hostile-Take-Over-Bid1132797/default.aspx
Download this Press Release (PDF 513 KB)
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 23, 2013) -
The Board of Directors of
Aurizon Mines Ltd.
(TSX:ARZ)(NYSE MKT:AZK)
has unanimously recommended that shareholders reject
the hostile take-over bid received from Alamos Gold ("the Offer").
George Brack , Chair of the Special Committee of the Aurizon Board of Directors said, "This is a financially inadequate and opportunistic offer, timed to take advantage of a transition year for Aurizon that we believe will be the foundation of long-term value creation for our shareholders. It fails to compensate Aurizon shareholders for the true value of our assets. We also believe there is increased geopolitical and development risk associated with Alamos shares."
Mr. Brack added, "The Board and Special Committee are focused on exploring the full range of value-maximizing alternatives for the Company. These include building on existing initiatives and engaging in discussions with third parties regarding potential alternative transactions that create superior shareholder value."
The Board's recommendation is based in part on the recommendation of the Special Committee and the advice from financial advisors to Aurizon and the Special Committee and follows a thorough review process, undertaken in consultation with its financial and legal advisors.
Reasons to Reject The Alamos Hostile Bid
The principal factors considered by the Board of Directors in making their determination to recommend that shareholders REJECT the Alamos Offer and NOT TENDER their Aurizon shares include:
The Alamos Offer is financially inadequate:
The value of the Alamos Offer is less than $4.65 per share.
The Alamos Offer, based on the closing price of Alamos on the TSX on January 22, 2013, represented a value of $4.55 per Share assuming full pro-ration of the Alamos Offer consideration. This is a 4.1% discount to the closing price of Aurizon's Shares on the TSX on the same day and a 21% discount to the 52-week high share price of Aurizon.
The $4.65 price has never been available to Aurizon Shareholders, based on the implied offer value, since the Alamos Offer announcement was made. Based on the current Alamos Offer value of $4.55 per Share, the effective premium to Aurizon Shareholders has eroded 4% relative to the closing price of the Aurizon Shares on January 11, 2013, the last trading day before the Alamos Offer announcement was made.
Scotia Capital Inc. and CIBC World Markets Inc. have each delivered a written opinion to the Board of Directors and Special Committee, respectively, that as of January 22, 2013, and based upon and subject to the assumptions, limitations and qualifications set forth therein, the consideration offered under the Alamos Offer for the Aurizon Shares is inadequate from a financial point of view to the Aurizon shareholders, other than Alamos and its affiliates.
The timing of the Alamos Offer is opportunistic:
Casa Berardi is currently undergoing a transition phase in its mine plan, and therefore the recent operating results from Casa Berardi are not reflective of its normalized operations, and the longer term prospects for Aurizon which remain unchanged.
The Alamos Offer was made at a time when Aurizon's Shares were trading at its lowest levels since December 2008. It was timed to take advantage of a depressed Aurizon share price following the announcement on November 8, 2012 of Aurizon's third quarter 2012 financial results and revised guidance for 2012.
The day prior to the release of Aurizon's third quarter 2012 financial results, Aurizon's Shares traded above the Alamos Offer price.
The Alamos Offer is disadvantageous to Aurizon shareholders, other than Alamos and its affiliates:
Aurizon Shareholders would own a maximum of approximately 16% of the combined company, and thus, significantly decreasing their exposure to Aurizon's assets; and
Aurizon would be contributing proportionately more to the combined company in terms of 2013 forecast gold production, gold reserves and gold resources.
The Board also has serious concerns about unequal treatment of Aurizon shareholders as a result of Alamos having entered into private share purchase agreements with certain shareholders of Aurizon immediately prior to the commencement of the Alamos Offer.
The Board's recommendation that the Aurizon shareholders REJECT the Alamos Offer and DO NOT TENDER their Aurizon Shares, as well as a more detailed discussion of its reasons for rejecting the Alamos offer and the written opinions provided by Scotia Capital Inc. and CIBC World Markets Inc., are contained in a Directors' Circular that will be filed today, a copy of which will be available at www.sedar.com, www.aurizon.com/maximizevalue and as part of the Schedule 14D-9 to be filed by Aurizon on EDGAR and available at www.sec.gov. Copies of the Director's Circular are being mailed to all shareholders and shareholders are urged to read the Directors' Circular and accompanying letter in its entirety.
Adoption of Shareholder Rights Plan
The Aurizon Board of Directors also announced today that it has adopted a shareholder rights plan (the "Rights Plan") to provide the Board with adequate time to identify, develop and negotiate value-enhancing alternatives, if appropriate, to any unsolicited take-over bid, including the Alamos Offer and to encourage equal treatment of shareholders in connection with any take-over bid offer. The Rights Plan is not intended to prevent a take-over of Aurizon or to secure continuance in office of management or the directors. While the Rights Plan is immediately effective, it remains subject to regulatory approval. The Company intends to seek shareholder ratification of the Rights Plan at a special meeting of shareholders to be held on March 7, 2013. A copy of the Rights Plan will be filed today and will be available at www.sedar.com, www.aurizon.com/maximizevalue and as part of the registration statement on Form 8-A to be filed by Aurizon and available at www.sec.gov.
How to Withdraw Shares from the Alamos Offer
Shareholders who have questions or who may have already tendered their shares to the Alamos Offer and wish to withdraw them, may do so by contacting our Information Agent, Georgeson Toll Free (North America): 1-888-605-7616, Outside North America Call Collect: 1-781-575-2422 or Email: askus@georgeson.com.
This news release contains forward-looking information (as defined in the Securities Act (British Columbia)) and forward-looking statements (collectively, "forward-looking statements") that are prospective in nature. All statements other than statements of historical fact may be forward-looking statements. In this news release, such forward-looking statements include statements regarding the value of Aurizon, the long-term prospects of Casa Berardi, estimates regarding 2013 gold production and the adoption of a shareholder rights plan. These forward-looking statements are based on a number of assumptions, including assumptions regarding the Alamos Offer and the value of Aurizon's assets, in particular Casa Berardi; the shareholder rights plan becoming effective as planned; the successful completion of new development projects, planned expansions or other projects within the timelines anticipated and at anticipated production levels; the accuracy of reserve and resource estimates, grades, mine life and cash cost estimates; whether mineral resources can be developed; interest and exchange rates; the price of gold and other metals; competitive conditions in the mining industry; title to mineral properties; financing requirements; general economic conditions; and changes in laws, rules and regulations applicable to Aurizon. Although management of Aurizon believes that the assumptions made and the expectations represented by such statements are reasonable, there can be no assurance that a forward-looking statement herein will prove to be accurate. Actual results and developments may differ materially from those expressed or implied by the forward-looking statements contained in this news release and even if such actual results and developments are realized or substantially realized, there can be no assurance that they will have the expected consequences or effects. Factors which could cause actual results to differ materially from current expectations include those risks set forth in Aurizon's Annual Information Form dated March 30, 2012. You should not place undue reliance on any forward-looking statements contained in this news release. Aurizon specifically disclaims any obligation to reissue or update these forward-looking statements as a result of new information or events after the date hereof, except as may be required by law.
About Aurizon
Aurizon is a gold producer with a growth strategy focused on developing its existing projects in the Abitibi region of north-western Quebec, one of the world's most favourable mining jurisdictions and prolific gold and base metal regions, and by increasing its asset base through accretive transactions. Aurizon shares trade on the Toronto Stock Exchange under the symbol "ARZ" and on the NYSE MKT under the symbol "AZK". Additional information on Aurizon and its properties is available on Aurizon's website at www.aurizon.com.
Contact Information:
Longview Communications
Trevor Zeck
Media Contact
(604) 375-5941
Longview Communications
Nick Anstett
Media Contact
(416) 649-8008
Aurizon Mines Ltd. - Investor Contact:
Jennifer North
Manager Investor Relations
604-687-6600 or Toll Free: 1-800-411-GOLD (4653)
604-687-3932 (FAX)
jennifer.north@aurizon.com / info@aurizon.com
www.aurizon.com
Contact:
Aurizon rejects suitor, Alamos, and indicates they will explore alternatives.
Aurizon Board of Directors Unanimously Recommends Shareholders Reject the Alamos Hostile Take-Over Bid
http://www.marketwire.com/press-release/aurizon-board-directors-unanimously-recommends-shareholders-reject-alamos-hostile-take-tsx-arz-1748662.htm
Alamos takes its bid to the streets.
Alamos Gold Mails Offer to Aurizon Shareholders
http://www.marketwire.com/press-release/alamos-gold-mails-offer-to-aurizon-shareholders-tsx-agi-1747955.htm
There were some odd trades listed after hours at $4.60 and 4.20 on the NYE and NDD. Anyone know if these are open market trades or some type of after hours balancing issue?
AZK GOLD to fair market value fiat$20,000 + AZK should not be
fooled by peanut bids -
should use its Cash fiatz 666 paperz to buy back their own shares -
or lend it and 888 GOLD to someone to get it done -
The Revealing Takedown Of Gold Today -
Gold Will Save The Financially Collapsing World Of Debt
January 17, 2013, at 4:11 pm
by Jim Sinclair in the category General Editorial
My Dear Extended Family,
The following article from the Telegraph was sent to us from
Dean Harry Schultz.
It was Dean Harry Schultz that gave me my first great opportunity.
I worked for him for 11 great years.
I have been outlining this evolution to you for more than a decade.
This article touches on it, but does not outline it.
This article smells it but does not yet fully appreciate it.
This process is behind the ascendancy of the euro despite
every bear argument to the settlement currency of choice.
This is happening in the marketplace, and not behind closed doors
in smoke filled rooms.
Yes, there are closed doors involved in it, but they are free
market proponents.
I know more about this than even the people who have already
adopted a name for it.
Gold is going to and beyond $3500 based entirely on this initiative
certain to become completed as a reality.
It is already happening right in front of your eyes, but the world
is still blind to it.
This is why gold will rise to $3500 and beyond, but never do a 1980 fall again.
This is why silver is a great trading vehicle, but not a great long term holding.
This is why I have invested $32,000,000 in my own approach towards gold.
This is why I sold ALL of my personal material treasures to make this investment when only I would do it.
This is why I took on large debt to accomplish my plan.
This was the basis for my career interview by Forbes in Dec 2000.
No government fund, no gold bank, and no long cycle analyst can stop
the progression of gold.
The capitalization of the forces behind gold will overcome all
these other bearish considerations.
I say this because I know this, not because I think this.
I knew gold’s first most important number was $1650 11 years ahead
of time.
I did not think it. I am telling you now because I know it that
gold will go to and beyond $3500.
It will be gold that saves a financially collapsing world of debt.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=83559045
http://www.caledoniamining.com/pdfs/CALPres-01142013.pdf
Alamos should probably check their free cash balance today. The original offer for AZK may require a little bumping.
Gold Breakout In Process, Thanks To Germany
http://seekingalpha.com/article/1117301-gold-breakout-in-process-thanks-to-germany
Little or No Gold in Ft. Knox, the price of Gold should skyrocket -
http://theinternationalforecaster.com/International_Forecaster_Weekly/Looking_in_Fort_Knox_for_its_Gold
Gold Market Instability: Does the US Have Fungible Gold Assets -
to the Degree Claimed?
German Bundesbank begins officially repatriating gold from the Fed -
Note.
When France did this years ago it sent panic amongst the US
financial leadership to the degree of monetary aggression.
Why? The inviting question has always been does the US have
fungible gold assets to the degree claimed.
Charles De Gaulle was the first person in modern history to call the
hand of the USA on its then obligation to convert French held
dollar reserves into gold. I was a senior trader at the time.
History will look back on this salvo fired across US war financing
as being the beginning of the end of the US dollar as the reserve
currency of choice.
The reaction on the part of the US was to cut the tie between
the dollar and convertibility.
This again raises the question of does the USA have fungible gold
to the degree that is claimed without 3rd party audits or any
viewing publicly whatsoever.
If it is true as reliable sources today reported that Germany wishes
to repatriate a significant amount of its gold, then that request
is a modern version of the first salvo that Charles de Gaulle fired
at the US treasury over convertibility.
http://www.globalresearch.ca/gold-market-instability-does-the-us-have-fungible-gold-assets-to-the-degree-claimed/5319058
God Bless
Germany’s Bundesbank Repatriating Gold from the New York Federal Reserve
By Global Research News
Global Research, January 15, 2013
Url of this article:
http://www.globalresearch.ca/germanys-bundesbank-repatriating-gold-from-the-new-york-federal-reserve/5319048
Several German newspapers are reporting a surprising move by the
Bundesbank in the aftermath of the “German gold scandal”.
Handelsblatt’s sources confirm that a portion of the German gold
stored with the New York Fed and the Banque de France is about to
be moved back to Germany.
[The information remains to be be confirmed
by official sources, GR Editor]
This move by the Bundesbank may trigger a chain reaction,
prompting other countries to start repatriating the gold stored in London, New York or Paris.
So far, only countries that have a strained relationship with the US have resorted to gold repatriation.
Now, Bundesbank will be seen as walking in Hugo Chavez’s footsteps.
If gold repatriation becomes a worldwide trend, it will be obvious
that both the US and UK have lost their credibility as gold
custodians.
For gold markets worldwide, this move may mark a switch from
“financial gold” to “physical gold”, but the process is definitely
in its early stages.
The decision to repatriate the German gold is a big victory for a
part of the German press that first forced Bundesbank to admit that
69% of its gold is stored outside Germany.
Almost certainly both the German press and at least several German
lawmakers will demand a verification procedure for the gold bars
returned from New York, just to make sure that Germany doesn’t
receive gold-plated tungsten instead of gold.
It seems that German decision makers
no longer trust their American partners.
http://www.globalresearch.ca/germanys-bundesbank-repatriating-gold-from-the-new-york-federal-reserve/5319048?print=1
Germans Are Coming for Their Gold -
Gold Will Skyrocket -
It will make a domino mass demand from the rest of the world -
http://www.cnbc.com/id/100382718
Aurizon Mines Ltd (AZK) bottom pick bargain
Aurizon considering the unsolicited 666 low ball offer from Alamos -
AZK advises shareholders to take no action at this time.
http://seekingalpha.com/news-article/5296101-aurizon-responds-to-unsolicited-offer
http://www.888c.com
God Bless
According to veteran analyst Michael Fowler of Loewen Ondaatje McCutcheon,
often with very conservative estimates but has a strong
possibility that -
He has a target price on Aurizon of $6.00 a share,
well above the cash-and-stock offer from Alamos of $4.65.
“We feel that the [Alamos] bid is too low to succeed and that
there will be other suitors, such as possibly Agnico-Eagle or
Iamgold,” he wrote.
“We feel Aurizon will not be acquired for under $5.00.”
http://business.financialpost.com/2013/01/15/why-does-alamos-want-aurizon/
Germans Are Coming for Their Gold - Gold Will Skyrocket -
It will make a domino mass demand from the rest of the world -
http://www.cnbc.com/id/100382718
If Trust in Currencies Erodes, Gold Will Skyrocket :)
Dominic Schnider, global head of commodity research at UBS Wealth Management told CNBC,
"Holding gold in key financial centers (New Tork, London or Paris)
makes sense and can give access to foreign currencies like the U.S.
dollar.
On the other hand, we have seen how easy money printing is.
Thus, we don't need gold anymore as collateral."
He added: "Nevertheless, holding some gold at home is not a bad idea
in an age of ballooning central bank balance sheets.
As a reference, Hong Kong also shipped its gold back home from
London some years ago."
Analysts, however, did not expect any immediate reaction in gold or
currency markets to any gold repatriation from the Bundesbank.
(Read More: The Germans Are Coming for Their Gold)
Germany Wants Its Gold Back—Should You Worry -
http://www.cnbc.com/id/100382718
Dear CIGAs, The press release this morning is much softer than the reports in German newspapers yesterday.
The time span makes the development much less eventful in market terms.
Deutsche Bundesbank’s new storage plan for Germany’s gold reserves
http://www.jsmineset.com/
Germany demands US return its gold!
In unrelated news,
US decides NOT t
OFF TOPIC?
This seems stunning to me. Am I overreacting, or is this actually going to make an already nervous world of conservative investors step up the accumulation of physical gold?
It Begins: Bundesbank To Commence Repatriating Gold From New York Fed
http://www.zerohedge.com/news/2013-01-14/it-begins-bundesbank-commence-repatriating-gold-new-york-fed
Fresh Releases - January 15, 2013
[i]Kevin Michael Grace
Lydian reports Armenia Gold Assays up to 1.1 g/t over 111m
Alamos Gold bids $780M for Aurizon Mines
CGA reports Philippines Gold Assays up to 24.4 g/t over 16m
Read the full press release summaries here. http://resourceswire.com/2013/01/fresh-releases-29/
This is probably a pump and dump site, but I couldn't resist. They might end up being right in spite of their motives.
11 Stocks Under $5 Trading at Discounts to Target Price
3. Aurizon Mines Ltd. (AZK, Earnings, Analysts, Financials): Engages in the acquisition, exploration, development, and operation of gold properties in North America. Market cap at $753.68M, most recent closing price at $4.58.Of the 6 analysts that have set a target price on the stock, the lowest price target stands at $4.5. This implies a potential upside of 30.057% from current levels around $3.46.
http://wire.kapitall.com/investment-idea/11-stocks-under-5-trading-at-discounts-to-target-price/
Analyst buzz, questions and speculation.
Why does Alamos want Aurizon?
http://business.financialpost.com/2013/01/15/why-does-alamos-want-aurizon/
Aurizon considering the unsolicited 666 offer from Alamos -
advises shareholders to take no action at this time.
http://seekingalpha.com/news-article/5296101-aurizon-responds-to-unsolicited-offer
Note, fyi....
On 8th January 2013 a posted the message below on
the Metanor bullboard, to illustrate that it seemed stranged
that some miners with large cash holdings are also
experiencing a depressed SP.
Perhaps Aurizon was artificially depressed for 666 takeover reasons?
CASH IS KING RIGHT NOW AND MTO HAS $0
Read more at http://www.stockhouse.com/bullboards/messagedetail.aspx?p=0&m=31991713&l=0&r=0&s=MTO&t=LIST#17ABQeRhGMZXeSdh.99
Cash does give independence and flexibility to miners, but
the new normal for gold miners seems to be that with cash or
no cash, the SP is treated like a Mike Tyson sparring partner.
For instance, Aurizon which is endowed with $199m cash and no debt
and also is generating $18.9m cash flow on 137k ounces of
production,
is quoted at the same SP today as it was in 2008, when
the gold price was circa $800.
Also, half the market cap of Richmont is cash, but its SP has been
hit due to closure of Francoeur.
The board can afford to make many more Francoeur misjudgement and
still have no debt.
It seems therefore, that the key driver to SP is future earnings
prospects and the jury is still out as to whether Metanor can
convert gold assets to profits.
Aurizon - Third Quarter 2012 Highlights and Significant Items
§ Net profit of $5.5 million, or $0.03 per share
§ EBITDA of $18.9 million
§ Operating profit margin of US$894 per ounce
§ Cash balance of $199 million and no debt
§ Gold production of 29,913 ounces, resulting in revised annual gold
production guidance of approximately
137,000 ounces for 2012
§ Casa Berardi enters transition phase to accommodate shaft sinking
and access to new zones
§ Successful transition from contractor to owner-operated mining
at Casa Berardi
§ Encouraging exploration results on the Heva and
Hosco West Extension areas
§ Receipt of Marban and Fayolle resource updates
by JRaffles other BB
Aurizon considering the unsolicited offer from Alamos - advises shareholders to take no action at this time.
http://seekingalpha.com/news-article/5296101-aurizon-responds-to-unsolicited-offer
damn what a move
Aurizon's response to the proposal will be interesting. It would be nice for the price of gold to spike up sharply this week! All eyes on Ben Bernanke!
Alamos (C$15.36, down 9.2%) said it plans a hostile, C$780 million cash-and-stock offer for rival miner Aurizon (C$4.59, up 35%). National Bank called the deal reasonable and said there aren't many white knights in the wings.
http://www.marketwatch.com/story/canada-hot-stocks-rim-calvalley-alamos-aurizon-2013-01-14
Alamos Gold Inc. (TSX:AGI) is making a takeover bid for Aurizon Mines Ltd. (TSX:ARZ) that values the Vancouver-based company at $780 million, or $4.65 per Aurizon share in cash and stock. Aurizon's board has yet to make a public comment on the proposal. Aurizon's AMEX-listed shares were up nearly 29 per cent in pre-open trading. Alamos shares dipped $1.46 to $15.46.
http://www.winnipegfreepress.com/business/toronto-markets-to-go-higher-on-rising-commodities-numerous-deals-186776751.html
Aurizon Mines Ltd. (TSX:ARZ; NYSE MKT:AZK) is a Gold Mine producer
with a growth strategy focused on developing its existing projects
in the Abitibi region of north-western Quebec, Canada,
one of the world's most favourable mining jurisdictions and
prolific gold and base metal regions, and by
increasing production through accretive transactions.
Good grief, Charlie Brown! This is a company mining actual physical gold, with plenty of cash, little debt, and new assets coming soon.
Call me insane, but I think this is finally the bottom and I'm buying more. I'm fully expecting a different result this time! LOL
Not much to write home about. The catalyst for upward movement will likely still be the price of gold until sometime next year.
Third Quarter 2012 Highlights and Significant Items
-- Net profit of $5.5 million, or $0.03 per share
-- EBITDA(1) of $18.9 million
-- Operating profit margin(1) of US$894 per ounce
-- Cash balance of $199 million and no debt
-- Gold production of 29,913 ounces, resulting in revised annual gold
production guidance of approximately
137,000 ounces for 2012
-- Casa Berardi enters transition phase to accommodate shaft sinking and
access to new zones
-- Successful transition from contractor to owner-operated mining at Casa
Berardi
-- Encouraging exploration results on the Heva and Hosco West Extension
areas
-- Receipt of Marban and Fayolle resource updates
The rise in price this morning was short lived, but with a good earnings report tomorrow morning, we might just see a new upward trend for a change. All bets are off, of course, if the report is not at least in line with expectations.
A Small North American Gold Stock To Ride Out The Post Election Sell-Off
http://seekingalpha.com/article/986411-a-small-north-american-gold-stock-to-ride-out-the-post-election-sell-off
Our fate, at least for the short term, may be revealed on Thursday. Which will it be, rousing rocket ride or slippery slope slide? Mark your calendars, and have your favorite adult beverage at the ready - to celebrate vindication or drown your sorrow.
Aurizon Mines Ltd. (TSX:ARZ)(NYSE MKT:AZK)(NYSE Amex:AZK) plans to announce its 2012 Third Quarter financial results before market open on Thursday, November 8, 2012.
Aurizon Mines Ltd. T.ARZ:TSX 4.57 +0.00 +0.00%
PRICE CHANGE % CHANGE VOLUME DAY HIGH/LOW 52 WEEK HIGH/LOW
4.57 +0.00 +0.00% 122,836 4.62/4.55 6.50/3.80
Auguries - October 5, 2012
Cass And The Beanstalk
Kevin Michael Grace
Gold was up (at press time) $13.60 (+0.8%) for the week to $1,793.20, and silver was up
.31 (+0.9%) to $35.02. According to the Associated Press, “The price of gold is at a nine-month high after the head of the European Central Bank suggested that its bond-buying program could benefit Spain.”
Oh, boo groan hiss. Does Mario “Batman” Draghi ever “suggest” anything? And what on earth does his doomed plan to draw and quarter Spain in order to save the “irreversible” Euro have to do with the price of tea in China—or the price of gold?
According to the byline, the “AP Business Writer” credited with the deathless insight above is called “Sandy Shore.” What, was “Sandy Beach” taken, then? Perhaps there is something else at work here.
GalleyCat reported February 17, “Forbes has joined a group of 30 clients using Narrative Science software to write computer-generated stories. Here’s more about the program…‘Narrative Science has developed a technology solution that creates rich narrative content from data. Narratives are seamlessly created from structured data sources and can be fully customized to fit a customer’s voice, style and tone.’”
Read more about gold prices here. http://resourceswire.com/2012/10/auguries-2/
Although the price target is a little lower than other recent analyst upgrades, here's one more voice raised.
Aurizon Mines Ltd.(USA) PT Raised to $5.80 (AZK)
http://www.jagsreport.com/2012/10/aurizon-mines-ltd-usa-pt-raised-to-5-80-azk/
One more proprietary research source upgraded AZK from hold to accumulate this afternoon (11/2/2012). The bandwagon is getting a little full.
Just received an AZK upgrade notice from a premium rating service (fee for service) firm I use. Considering two upgrades in the last few hours, I suspect there must be word on the street of imminent positive news from Aurizon. Of course, this view may be completely wrong, and trading so far today doesn't seem to support this new optimism by certain analysts.
Aurizon Mines Ltd. Stock Upgraded (AZK)
http://www.thestreet.com/story/11724503/1/aurizon-mines-ltd-stock-upgraded-azk.html
Upgrade from widely known analyst late yesterday.
Aurizon Mines, Ltd. (AZK) fiat$5.24 UP $0.04 +0.77%
Volume: 226,579 @ 12:32:09 PM ET
Bid Ask Day's Range
- - 5.21 - 5.29
AZK Detailed Quote Wiki
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=78393593
AZK the better of two. I was fairly big in CGR and the management has been very dissappointing, they did not even make a profit last Q CGR's mining costs are so high, and no oz growth in 10 years. And little cash and big debt.
AZK has good mining costs, is profitable, is growing, has lots of cash and no debt and both are in Canada.
So am easing out of CGR and going into AZK. Found it from that article.
Anyone here that will speculate on next 3 years for AZK as to production increase if any?
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AURIZON MINES LTD -
http://www.aurizon.com/English/Home/default.aspx Latest Updates February 1, 2011 AURIZON ANNOUNCES US$50 MILLION REVOLVING CREDIT FACILITY More January 21, 2011 AURIZON ANNOUNCES 9.06 GRAMS OF GOLD PER TONNE OVER 7.3 METRES AT MARBAN More January 11, 2011 AURIZON ANNOUNCES 2010 PRODUCTION RESULTS AND 2011 PLANS More December 21, 2010 Latest Drilling Outlines High Grade Gold Mineralized Corridors on Zone 123 at the Casa Berardi Mine More Press Release RSS Fact Sheet Click to view Subscribe for Email Updates Email Address * About Aurizon Aurizon Mines Ltd. (TSX:ARZ; NYSE Amex:AZK) is a gold producer with a growth strategy focused on developing its existing projects in the Abitibi region of north-western Quebec, Canada, one of the world's most favourable mining jurisdictions and prolific gold and base metal regions, and by increasing production through accretive transactions. Exploration is currently being conducted at Casa Berardi, as well as at Aurizon's other gold project, Joanna, and the Kipawa and Duverny properties. Aurizon has entered into earn-in joint venture agreements on the Fayolle, Marban, Opinaca, Wildcat, Rex South and Midland properties. Project Location Map Stock Quotes TSX: ARZ $ 7.12 Last $6.68 $ Chg +0.44 Vol 606,635 NYSE Amex $ 7.21 Last $6.78 $ Chg +0.43 Vol 1,369,501 GOLD PRICE: $1361.80 +0.05 (+0.0%) by GoldAlert Contact Head Office Suite 3120, Park Place, 666 Burrard Street Vancouver, B.C. CANADA V6C 2X8 Tel: (604) 687-6600 Fax: (604) 687-3932 Email: info@aurizon.com |
David P. Hall, President & Chief Executive Officer
http://www.aurizon.com/s/Corporate.asp
http://www.aurizon.com/i/misc/gold-pour-1.wmv
www.ivarkreuger.com/metalcharts.htm
AZK Chart 1 year shows 100% on the 2006 investment -
AZK 2007 should be better vs. more Au production -
http://www.aurizon.com/s/CB-Project.asp
http://www.aurizon.com/s/PhotoGallery.asp
http://www.aurizon.com/s/Maps_Charts.asp
An updated feasibility study completed by Roscoe Postle and
Associates in September 2005 suggests that Casa Berardi will
have an initial mine life of 6 years and a production rate
averaging 175,000 ounces annually during the initial six year
mine-life and cash costs averaging US$219 an ounce.
The six year mine life is based on a gold reserve of 1.2 million
ounces and does not take into account any of the 1.6 million
ounces of resources on the property.
A full table of reserves and resources at Casa Berardi can be
found below -
http://www.aurizon.com/s/Operations.asp
Address:
500 Burrard St., Suite 900, Vancouver, B.C., CN V6C 3A8
Telephone:
(604) 687-6600
Website:
http://www.aurizon.com
Facsimile:
(604) 687-3932
Email:
info@aurizon.com
AZK AURIZON MINES LTD AMEX
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Welcome to join and enjoy AURIZON MINES LTD -
InvestorsHub forum...
tell us your opinion and
ask your questions...
Imo. Tia.
Brgds.
Bob
More info about Gold & Silver Poducers -
http://tinyurl.com/fwac7
http://tinyurl.com/zdggd
Precious Metals Spot Price's -
Money Masters: Federal Reserve History part 1 of 3
http://video.google.com/videoplay?docid=8442305921010099392&q=conspiracy
Money Masters: Federal Reserve History part 2 of 3
http://video.google.com/videoplay?docid=5020331178524208549&q=conspiracy
Money Masters: Federal Reserve History part 3 of 3
http://video.google.com/videoplay?docid=6666372716915416357&q=conspiracy
A good presentation of market is explaned -
in below link -
http://www.businessjive.com/nss/darkside.html
http://www.ipetitions.com/petition/AFTF_P_1/
http://www.goldrush21.com/
http://www.sim.org/
http://www.vatican.va
http://tinyurl.com/365wag
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