Important questions raised by my friend..All read this..
I told my buddy how promising AURC sounds and based on my DD he liked too.
I could not answer 2 of his questions..
1) How much Aurus paid (in cash, right?) to buy the kylon asset ? If it is valued around one billion they must have paid a decent price..Money came from where ? They don't have much cash..
2) He was surprised CEO of a company is telling individual investors so much without going thru a PR route. He smelled fizzy but did say that was really nice of G. Parkin. He said such an approach will lead to 'buy the rumor and sell the news' situation. Not good for loyal long term holders.
All posts are only my opinion and are not buy or sell recommendations.