Michael Smedley
Aurania Resources Limited
ARU-X
BUY
Oct 31, 2007
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.
(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.
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.
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.
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.