shugg1e
30 Nov 2015
Re: Am hurting here now. . . I think they all are dependent on the POG but golds bear market is about to end.
Otherwys
30 Nov 2015
Re: Am hurting here now. . . Did you miss the point about if the POG stays the same we won't be able to make the loan repayment due in a year's time?This stock is a gamble on whether POG goes up or down over the next 12m.
Iclaude
30 Nov 2015
Re: Am hurting here now. . . So much for being debt free in 18 months! Whilst we must rely on management to make any draw-downs prudently, the stated aim of these additional loans is to provide extra equipment to ramp up production and presumably to enlarge operations at the Liberty Mine and other prospects. Surely, the value of the stock should increase with the gaining of more assets and I agree, shuggie, that the drop in sp is overdone at this time.
shugg1e
30 Nov 2015
Re: Am hurting here now. . . They raise additional funds in this environment and the share value halves seems overdone.
Fillpot
30 Nov 2015
Am hurting here now. . . Aureus Mining $21m debt and equity financing StockMarketWire | Mon, 30th November 2015 - 08
4 Aureus Mining has agreed the terms for additional financing to strengthen the company's balance sheet and allow for the accelerated mining at the New Liberty gold mine in Liberia.The additional funding includes an additional US$10m liquidity facility to be provided by Rand Merchant Bank and Nedbank, and an agreement with GMP Securities Europe LLP and Numis Securities Limited in connection with a US$11.5m brokered equity financing. The agency agreement is a private placement of 153,000,000 new common shares at a price of 5p per share to raise gross proceeds of £7.65n (approximately US$11.5m). In addition, further to its initial investment in the Company in July 2014, the International Finance Corporation, the private sector arm of the World Bank Group, which currently has a shareholding in the Company of approximately 14.61% has the right but not the obligation to maintain its pro rata shareholding in any equity financing undertaken by the Company, including the offering. The company is in discussions with the IFC in connection with its potential investment. President and chief executive David Reading said: "Aureus has faced the challenges of a low gold price environment combined with issues associated with the impact of the Ebola outbreak in Liberia and the commissioning and ramp up of production at New Liberty, resulting in a delay to commercial production. "The funds to be raised through the New Facility and the Offering will enable the Company to reduce our creditor balance to a normal operating level and allow additional mining equipment to be procured which will accelerate the mining rate and allow the Company to reduce the shortfall in waste mining tonnage. Whilst we have experienced some unexpected incidents during the commissioning phase which resulted in a longer ramp up to commercial production than we had hoped, the New Liberty Gold Mine has now operated successfully at an average of 92% of design capacity for the past 27 days and we look forward to declaring commercial production in the New Year." At 84am: (LON:AUE) Aureus Mining share price was -6.63p at 6.5p
Jitter
20 Nov 2015
Re: Im In I am also back in as of yesterday. J.
biscuitandhoney
20 Oct 2015
11741500 so they have money plus 21000000 they sill have
biscuitandhoney
19 Oct 2015
no it is 800
stillere
18 Oct 2015
last week's trades seems strong trading last wk - but i've got to ask -on fri. total trades figure was 4m+ but details show TWO trades of 4m and even i can add 4+4.so can anyone explain 'cos i hate what i can't understand..anyway i bought in earlier in wk. ans still think it wise to do so.
shugg1e
06 Oct 2015
Im In This looks a great little stock with loads of upside
Iclaude
25 Sep 2015
Extrapolation of figures released We have been advised that in the 6 weeks from Mid-July to end of August, there have been 4 gold pours/sales of 4881 ounces at $1119/ounce, so at the current diminished rate of production we expect to see $47m (£31m) over the course of a year. Net borrowings according to 2014 annual report were $74.5m (£49m) Todays' exchange rate at $1.5186/£1. Despite minor losses reported, prior to production, one would expect this company to be debt free within 18months/2yrs. The momentum is gradually building as the mine achieves full production. Time to invest a bit more, I feel.
laurence
24 Sep 2015
my buy came up as a sell
laurence
24 Sep 2015
there is news on the denver gold conference 20 23 of this month
laurence
16 Sep 2015
have they mined any gold yet
laurence
16 Sep 2015
i got in at 28 100000 shares not happy
