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Re: Sargeant-Preston post# 1728

Wednesday, 06/16/2010 8:02:37 AM

Wednesday, June 16, 2010 8:02:37 AM

Post# of 1965
Seargent Preston,

Note that Aurora Empowerment has a new partner in GEM and they have lots of money and are working on a new IPO for Aurora Mining!

Note also that the bid from Aurora-GEM is almost twice that of the Chinese bid. So they must want that Orkney Mine a lot.

A new IPO could be enough to get the money needed for that and other matters Aurora wants or needs now.

If the IPO will have all the mines of Aurora in its domain it, the new IPO could be up to 500 million dollars in volume!
The amount Aurora GEM is biding on that is around 93 million dollars alone! Add up the other mines of Aurora. Add in the Primrose mine alone did $154 to $174 million dollars in gold in 2008.
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However most of CGHI moved into OOGI and they are making batteries now in South Africa.
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There is not much left of CGHI itself by this time.
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Echo20

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