AURIGINOR INC-M.AUI Huge Volumes Montreal Exchange Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : AURIGINOR INC-M.AUI Huge Volumes Montreal Exchange

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: John Leather who wrote ()	6/26/1997 9:01:00 PM
From: Francois Plante	of 329

Hello to all AUI investors, I called M Diotte today to have some fresh news on the Panama deal. We discussed about the whole project. Lets summarize:The Panama deal is about taking control of a 60 years old mine operated by a small family since 1980.They are in a production situation. The field they are operating as proven 1,4Millions once of gold(proven a probable).The machinery which is use is old and has to be replaced. The actual owner has literally spent all the profit of this mine during the last 5 years so they haven't have a penny left. There are about 320 small co- investors in that mine right now.M Diotte had to negotiate with ALL of them to sign a deal.He did so for the last few months (He told me that all this exercise is quite laborious but worth the effort because of the importance of this deal). He told me that he is working to buy at least 60% of that mine and hope to buy 100%.The field itself has proven 1,4 millions but during due diligence,the field just beside the one actually in operation is rich and promising(M Diotte actually told me the study they have done makes him think that the whole propriety would contain 4or 5Millions onces. Aui,when the deal done will have to invest 5mil$ to refresh the equipement. Actually ,they are taking out about 600 tons a day of minerals.They are planning with the upgrading,to extract up to 4000 tons a day. Now the TIME FRAME;M Diotte told me that it is a matter of DAYS before official annoncement!!!! So everyone;make your calculation;13millions shares(fully dilated),at least 1,4millions onces(maybe more)worth on the market is 50$ to 100$ per once.......... Since the beginning,i have been very confident about Aui.M Diotte today convinced me that Aui is a very good place to be.We have been all slammed by brex story.Now ,i honestly think that we have a winner,not only because of this Panama deal,but mainly because of the quality of the managment. Now lets wait....just a little more time. Today I have double my position....... Good luck to all

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next