Peter HodsonAurania Resources LimitedARU.VBUYAug 28, 2006
Today 7 million shares come free and clear because of financing 4 months ago, so a potential overhang of 7 million shares is hitting the stock. It has gone up $6 in the last 3 days which tells you people don't care about the 7 million shares. Probably the best gold discovery in the last 20 years.
Fabulous gold mine potential in Ecuador. Believes management wanted to get the mine off the ground, so Kinross (K-T) has made an agreement to option the company. Believes they can work with the Ecuadorian government.
Generally regarded as the very best gold resource for world development. Kinross (K-T) has made an agreed bid for it. The Ecuadorian government will be coming on with a drafted improvement of a mandate for new mining laws.
One of the best deposits in the world. In Ecuador and has political issues. Apparently the government and agencies are moving in the right direction. Potentially undervalued. Large risk.
(A Top Pick Feb 15/07. Up 37%.) Hoping for an aggressive buyout sometime this year. Has been languishing for too long. In a trading range for about 2.5 years. This means that accumulation is taking place.
(A Top Pick Apr 20/07. Down 6.3 %.) Probably the best gold discovery of this cycle. He is comfortable in investing in Ecuador. Probably over 13.7 million ounces at a really good grade.
(A Top Pick Feb 12/07. Up 34.6%.) Southwestern Ecuador. One of the best exploration discoveries in this cycle. Low-cost operation. Extremely high grade.
There has been a little worry that the Ecuadorian government might become a little more difficult, but hasn't heard of any big upsets occurring in this stock. Sits on one of the best gold discoveries in the past 10 years. Could offset with a good Canadian gold stock.