Ripley94
28 Feb 2016
Re: Mail- Midas TW... SP... Slags it off...@ 4.25
nk1999
28 Feb 2016
Mail- Midas "MIDAS SHARE TIPS UPDATE: Tarnished gold firm Aureus Mining may still have a silver lining.............Capitalised on the stock market at a lowly £17million, the group has 1.14million ounces of proven reserves at its New Liberty mine in Liberia, worth more than £1billion.Production costs, including staff wages, head office expenses and the price of recovering and processing the ore, amount to about £730million and the group has outstanding debt of almost £80million. Simple maths therefore, would suggest Aureus could be worth nearly £200million.Of course, a company in distress is not in a position to be too demanding and, if a buyer emerges, the offer price will almost certainly be considerably less. But, interested parties are circling and indicative bids are likely to be submitted by the end of March.Midas verdict: This has been a sorry tale for investors, as Aureus has battled with Ebola, a bear market for gold and early production faults. And there is always a chance that prospective buyers will be too nervous to take the plunge. Even so, it cannot be sensible to sell now at 4¼p. Badly burnt investors should hold on a little longer and hope for the best. Intrepid investors could even snap up a few of the shares now."Read more: [link] Follow us: @MailOnline on Twitter | DailyMail on Facebook
shugg1e
18 Feb 2016
Re: RNS and market response I can not see how you can not class this RNS as good news read the bit below again from the chief executive.President and chief executive David Reading said: "The improvements in gold recovery and production at New Liberty are encouraging and are a direct result of ongoing optimisation procedures as we progress towards achieving commercial production by the end of March. We fully expect to see further recovery improvements in the months ahead, and the Company now looks forward to continuing to optimise the New Liberty process plant and delivering on the exciting potential of the New Liberty Gold Mine."
shugg1e
18 Feb 2016
Re: RNS and market response Excellent news these will not be at this level long market cap is tiny .
Iclaude
18 Feb 2016
Re: RNS and market response Debt deferral payments were announced on 27/1/16, see rns. This latest rns shows an upward trend in recovery rates, pointing towards the goal of full manufacturing capacity in March. If you set a target then you announce achievement on the date due to cover any unexpected eventualities. I see this news as a positive for the company.
Otherwys
18 Feb 2016
RNS and market response I find this curious. My reading of the RNS is "things are improving, BUT we're still not at expected recovery rates, we're still not at expected capacity, we don't expect to be there until end March, therefore our gold output (and revenue) is still lagging behind where it should be, we still haven't renegotiated debt repayment terms with our lenders, and as per (a between the lines reading of) our last RNS unless POG improves considerably we may be out of business by the end of the year."To me this is not a good news RNS, it's a bravely optimistic take on a faint glimmer of hope.And yet the market seems to like it - up 8.33% at time of writing.I guess the market was expecting worse.GLAOtherwys
silvetici
17 Feb 2016
Share Price I just cannot get my head around how low this share has dropped. I thought it was cheap at 20p, Gold price is going up, AUE are mining, lets hope some good news is released soon which will cause the value to rise.
tikky
15 Feb 2016
TIP TV IS IT AUE that was talked with STI
PeterRaf
02 Feb 2016
Re: Fall overdone Feel locked into this now. A lot of speculation but will have to see if riding it out is the right decision.
shugg1e
26 Jan 2016
Fall overdone just bought back in looks a bargain at this price
billycorkhill
08 Dec 2015
Rain Its been raining ever since the MoS tipped them...not once but twice.
shugg1e
08 Dec 2015
Re: It never rains, but it pours . . . yes i agree the market cap is now considerable under NAV looking very cheapmarket cap 22m forward PE of 4.7
Fillpot
08 Dec 2015
It never rains, but it pours . . . AUREUS MINING08 Dec 2015 07
06Aureus Mining Inc. RNS Number : 2766IAureus Mining Inc.08 December 2015 8 December 2015 Aureus Mining Inc.TSX : AUEAIM : AUE AUREUS RECEIVES REQUEST FOR ARBITRATION Aureus Mining Inc. (TSX: AUE / AIM: AUE) ("Aureus" or the "Company"
announces that it has received a request for arbitration from International Construction & Engineering (Seychelles) ("ICE" with respect to ICE's contract to carry out civil and earth works at Aureus' New Liberty Gold Mine. ICE's contract was terminated in August 2014, having taken the appropriate legal advice, when the works were approximately 60-70% completed. The earthworks were completed by directly engaged labour and contractors supervised by the project's construction management contractor, DRA Projects (PTY) LTD. The Company strongly believes that the request is frivolous, without merit and opportunistic. Although the Company has not received sufficient details to substantiate ICE's claim, based upon a review of the contents of the request and the relevant facts, Aureus' management believes that no material amount will be found payable to ICE. Aureus intends to vigorously defend itself against the claims made by ICE and believes that this disclosure of such request will facilitate the timely conclusion of this matter. The Company also confirms that this request will have no impact on its operations at New Liberty. One thing is for sure, with no further inclement news, this is going to be very cheap!
Otherwys
30 Nov 2015
Re: Am hurting here now. . . Shugg1e,"I think they all are dependent on the POG but golds bear market is about to end."Sez who? Would like a glance in that crystal ball!I sincerely hope you're right, this is a lovely little company, it would be real shame to watch it die a slow death (not to mention the financial loss that would come with it personally!)Otherwys
Kenj2
30 Nov 2015
Re: Am hurting here now. . . The statement that Otherwys was referring to:"The Company has a US$ 6.6 million debt repayment due in January 2017, which, should the gold price remain at current levels, the Company may be unable to meet, and may therefore require the continued support of its stakeholders."
