Many holders of shares in explorers are out of confidence. AUR is no different.
Trump and USA self-interest trade policies, a probable change of Government at the federal level and the prospect of a 'fairer' tax system (changes to CGT, franking credits, superannuation etc taking wealth away from the spenders) plus some other factors have played havoc with the market.
When good results from explorers meet with little or no interest it's a sign that things are crook.
I get the vibe though that things might be changing. Once the signs of change are there, then the bargain hunters will be out. Charts x many companies will assist in assessing if a change is happening.
All that said, I reckon that a good vms cu/au strike will attract new investment. Also, SFR wants more copper, and the Bryah Basin is where it would like best to exploit it. Both of those 2 things put AUR in a better position than most. Both factors represent insurance for AUR.
In early 2012, RNI/AUR acquired many tenements in the western Bryah Basin - from BlueCrest which had security over them. I heard that it was contest between RNI and SFR to get them. For better or worse, RNI won the day. It then went like this for some years: . It was the gold that caused the grief.
Hopefully on Monday it will be back to again.
Underpinning it all though, imo, is the probability that AUR and SFR will be ;as one' one day. Add HOR to the consolidation and I think that SFR-AUR-HOR will have a happy future. I can't see AUR going it alone if it hits paydirt. It will be conjoined with SFR. Michael Fotios might help facilitate it all, but not without the AUR big guns being agreeable to it.
What do you think B$?- and others too! - Will this be a meaningful Wodger-Forrest result? Will SFR and AUR get together one day?
AUR Price at posting:
3.0¢ Sentiment: Buy Disclosure: Held
