Perhaps Kevin will be able to give us some insight on what level of transparency we can expect for the next few monthsâŚ
We have No eyes down there that really bothers me! For all we know they can be mining and we donât know squat! So much for Mr. Maurizio giving us transparency. I guess we can call him a liar too for telling shareholders we will be seeing Transparency at the last meeting.
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I guess you can speak for yourself and leave the âweâ out of it.
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Sure thing Donđ
I think they are reading the wrong book! There has not been a single sign of life from the Company in what; 1 1/2 months? That after a year of basically nothing but the note about speculation that they would ramp up production in November.
Meantime, their newly acquired shareholder base is slowly exiting. and they are gaining absolutely zero new investors. It is these same new investors which are the ones that we hope will eventually acquire our shares so we can exit with at least the shirts on our back.
I have given Auryn the benefit of the doubt that they might had some strategic reason for all the silence but it appears more likely that they just suck at communications. Each day of silence is another day of last opportunity. on Aurynâs part.
I suggest a good start for Auryn is to read this âbookâ instead: A Marketing and Promotional Strategies Guidebook for Junior Mining and Other Public Companies
It is little out of date but still a good read. It doesnât say anywhere that months/years of silence is a good strategy!
âMany from the âold schoolâ believe that promotion is a dirty word due to past experiences and so they shy away from it. The ânewer schoolâ sometimes relies on promotion too much. The proper balance is always somewhere in the middle.â
"Why do Companies Completely Neglect All Advertising and Promotion?
Most junior mining companies find it difficult to set aside substantial sums of money for marketing and or promotion. They would rather put that money into exploration or âinto the groundâ as they say. There are arguments that certainly substantiate this approach but at the end of the day, a certain number of investors have to know about your company if your want your stock to be liquid. Liquidity and promotion go hand and hand as described in a section below.
"Here are a few reasons why companies neglect all marketing and promotion. At the center of all these reasons is a certain mind set from those running the companies that there are more important places to put the money; usually âin the groundâ.
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Limited Funding: promotion is last on the list of things to do -
Waste of Time: CEO, Management and the Board of Directors believe it a waste of time; most likely theyâve been âburntâ, disappointed, or let down in the past. Many donât understand the process and not having someone to trust, they ignore it. -
âDrill it and they will comeâ mentality; akin to âBuild it and they will comeâ -
Past Marketing Programs failed to achieve objectives and goals:
a. This can be a function of sheer ineptness or unscrupulous people
b. This can be a function of a fragmented approach or the incorrect approach for the project.
c. It could have been a non-quantifiable program that could have achieved better results over time if given the opportunity.
d. Little or no continuity in the promotional program: the hit and run approach or âguerilla marketingâ. Continuity is one of the most important elements of the process. (Please refer to my article on the 8 Câs in the archives or send me a request and Iâll be happy to send it to you.)
e. Promoters did not have company support; company wants âlots for littleâ
f. A company wanting to promote on âhistorical numbers; referring to what past operators have accomplished 2-20 years ago on the project.
g. Company failed to do their part vis a vis press releases and exploration programs leaving marketing personnel swinging in the breeze.
h. Timing was bad: there is a certain flow to these projects and if you advertise too early or too late, results can be flat at best.
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Lack of Expertise over time: Perhaps the most frequent reason companies do no promotion is a combination of âWhere/How Do I Begin?â along with âLimited Fundingâ combined with the sheer energy and knowledge it requires to implement a solid marketing plan over timeâthe time frame being at least six months minimum and preferably one year in duration. It takes effort and it takes funding: two items in short supply. -
Non-Quantifiable: Unfortunately, advertising is cumulative and often times, especially in this sector, it virtually impossible to determine what is working and what isnât. If all we can use is the share price to determine success, then we are shortchanging our efforts. Lead Generation programs will give you a list of names but how many from that group will purchase the shares? Scientists and Geologists want empirical results for promotional dollars spent and that can be difficult, especially on a fragmented promotional program"
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Quite correct. Thankfully, not a problem with the current management in charge of Cerro (and related companies):
CDCH Company Directors
Maurizio A Cordova Chairman
Walter Casquino
Dante Conetta
Gary Goodin
Raul del Solar
All have their required RUT (tax payer ID number) and other credentials to do business in Chile.
âAn enterprise in Chile can be 100 percent owned by foreigners.â
It is not an impediment that Cerro is domiciled in the United States.
Cerro has limited liquidity with only 350 million free trading shares out of 7B issued.
The free trading shares are mostly in very strong hands.
Is the strategy of AURYN to treat all shareholders in Cerro equitably by awaiting major news until the corporate transformation is completed? I donât expect anything but the minimal reporting shown on quarterly reports until this transformation has been completed successfully. If there is major news releases before then I will be pleasantly surprised. As much as it may be financially painful, as suggested previously by many, perhaps shareholders are better served by putting this one (and MDMN) away in the sock drawer until then.
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A lot of us have a lot of money tied up so pardon me if I donât treat this is a sock drawer investment.
Totally agree with MG. We should be informed and no more hiding behind private co
Cdch, you have a fiduciary duty. If there has been drilling, what are the results? If there has been production, how much did it produce?
We have moved from next weeks to next years and is BS
I can handle it but is gut wrenching to me knowing the people I got into it at much higher levels.
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still here, still not happy, still have sold or added to this POS, Waiting on some type of news I can finally say yes this is bottom and we are moving north. I kinda see bottom but nothing to more the needle north need to start building here!
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FYI, Auryn will be exhibiting at PDAC 2018 in March.
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Still Auryn name and not CDCH 
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Maybe we can get
some info while that is going on.
They most likely will keep âAurynâ after the consolidation. Maybe new symbol AUMC?
Why would they call themselves Cerro Dorado at this point? Auryn still exists as a separate entity that owns 95% of Cerro. They are known in Chile as Auryn, not Cerro, and Cerro will eventually be changing its name (probably to Auryn IMO) when they move to a higher exchange. Right now Maurizio and Auryn are essentially synonymous with the ADL in Chile, not Cerro or even Medinah.
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It is listed as âAuryn Mining Corporationâ. That seems to be slightly different version of their name. Perhaps that is their new name?
Will anyone here be stopping by? Perhaps Mr. Baldy?
Exactly right, HR! Early on AURYN expressed itâs desire to list on the OTCQXÂŽ or OTCQBÂŽ tier of OTC Markets, which I think is their goal to have an earlier access to international investors. At some point they will have their eye on moving up to one of the major US exchanges. IMO
Individual investors (AURYN and MDMN) will be allocated shares in CDCH. Then AURYN will likely become an American company doing business in Chile by eventually merging into Cerro via a direct stock exchange accompanied with a name change, IMO.
I believe SpA translates as public company in English. (edit - SpA stands for Sociedad por acciones, or roughly translating to limited partnership with shares). Does this foreshadow AURYNâs already thinking of itself as becoming a US corporation?
Iâll be there. Worth noting, that there is another company out there named Auryn Resources, a publicly traded co.
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John Auryn Resources is listed right below Auryn Mining Corporation.
I donât see any leadership links between the two.
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I think that was baldyâs point. They are different entities.