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Gold/Mining/Energy : ARU.V Aurelian Resources Inc

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To: BritNick who wrote (188)2/23/2007 10:25:17 AM
From: Syncrude  Read Replies (1) of 516
 
Re KRY,

Please note that the reserves that you refer to do NOT belong to KRY, but to the government.

KRY only has a operating contract. It must perform according to what the government wants.

Thus it should be a surprise to no one that KRY is trading where it is. It will be valued on operating and net earnings, not asset value at it does not own the asset.
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