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Gold/Mining/Energy : The Molybdenum Discussion Board -- Ignore unavailable to you. Want to Upgrade?

To: Proud Deplorable who wrote (2351)	11/11/2006 11:49:43 AM
From: perthx	Respond to of 3267

Anyone who doubts AUA will become a mine deserves to miss out on this good investment. As for the recent PP for $24mil, while no one want to see such a large discount to market only 1/2 is at 1.02 whereas the warrants are 1.50 (higer after the 1st year). So the reality is the average was right at the market. Besides that, they are selling the PP shares to "qualified institutional buyers" at $500k+ a whack...so this isnt your in and out for a few cents typical Canadian PP whores buying, these are strong hands. Finally, the cash will allow them to move up to the Toronto big board and to continue development towards a mine that will throw off $300mil profit/year in the FIRST year at current Moly prices.