I am confident they have all the angles covered.
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Certainly a lot of respectable mining companies are on the OTCQX not to mention some other companies with some very high market caps:
http://web.otcmarkets.com/otcqx-best-50/
I believe the total market cap on the TSX-V is only $8.8 billion. ($1.9 Trillion on the Toronto Stock Exchange.) The total market cap on the OTCQX is $1.4 Trillion so I think the reality is much different than any perception you might have.
It is getting to be about that time for a mining update from Auryn.
However, this quote from Kevin, suggests hat Auryn might hold off on news until they hit the high grade vein from their production adit on Level 3.
âThe geologists believe they are close to intersecting this vein on level 3. This would be a significant development and greatly improve the economics of Auryn, and thus Medinah. Work is expected to start on this effort the beginning of March.â
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if you look at the list, the over whelming number of companies are dual listed. Note the F on the tickers. Take First Mining Finance as an example, investors think of them as TSX listed vs OTCQX
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Hmmmm ⌠Iâm wondering what happened to the conservative estimate that we would have 5,000 ounces of production by the end of 2016 and then 25,000 ounces in 2017. First it was governmental/mining safety issues. Is there something new Iâm missing?
Your previous post implied that Auryn should list on the TSX-VâŚwhich would be as close to useless as it can be. In a few years, Auryn may very well have a market that exceeds that entire exchange.
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Thatâs what I think, some posters here have no clue of the shear size and value that the ADL will have, it will be HUGE, some are going to say, itâs not proven, it will be eventually be, and I am positive of that.
Did you misunderstand the announcement or read something extra into the purpose of an F-1 filing? I didnât see anything in the announcement that suggests just a listing on the OTC, and certainly not for an IPO.
If our registration is accepted, we anticipate an initial public offering of our shares on the OTCQXÂŽ or OTCQBÂŽ tier of OTC Markets sometime in the fourth quarter of 2017.
MG provided a link to primarily mining companies on the TSX-V. The hurdle AURYN will have will have to overcome is having their F-1 listing accepted and qualified for the OTCQX tier. Perhaps an initial TSX-V listing may be an alternative avenue for the IPO to qualify for the OTCQX if the F-1 does not qualify for the exchange desired on the initial application. In addition to the list MG posted via a link, there are some companies with a very high market cap on the OTCQX tier of the OTC (article from 2010). There are certainly some giants that decided it advantageous to list on the OTCQX tier of the OTC:
OTCQX Gaining Momentum as More Large Companies Realize Benefits of Listing
Some of the few large companies already trading on the OTCQX include adidas (listed in November 2007), BASF (listed since December 2007), easyJet Plc. (listed October 2009), Gazprom Neft (listed August 2009), Imperial Tobacco Group PLC (listed September 2008), Peugeot S.A. (listed April 2009), Roche Holding Ltd (listed November 2007) and Wal-Mart De Mexico S.A.B. de C.V. (listed March 2007). The market cap of these companies exceeds $265 billion. These companies realized the benefits of OTCQX and helped establish the foundation by providing credibility to the platform OTC Markets had been diligently developing.
In this month alone, OTC Markets has seen an influx of large, established international companies to have their applications approved to be on the OTCQX. Grupo Financiero Banorte, S.A.B. De C.V., a commercial bank from Mexico with a nearly $8 billion market cap is the latest listing on the OTCQX Premier tier with listing starting on July 15, 2010. BNP Paribas, the largest bank in France, brought its $77 billion market cap to the OTCQX when it began being listed the day before on July 14th. Zurich Financial Services Ltd. and its $34 billion market cap began trading on the OTCQX on July 1st. Three weeks ago, at the end of June, Deutsche Telekom, the German telephone giant with a market cap of $55 billion joined the OTCQX.
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[quote=âDoneDeal, post:701, topic:1735, full:trueâ]
Letâs see if Auryn gives us some production news Monday
[/quote] Remember that February is a short month, so donât expect an exact deadline of eom if they do put out an update.
Glad to see you havenât lost your unbridled/unfounded enthusiasm. Personally, I miss the ânext weekâ MGold persona. Donât go changing!
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Did you retrieve your calculator from the garbage?
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Glad to see you keep bashing it down
Whatâs your valuation hot shot?
I donât think Auryn is looking at the âIPOâ as an opportunity to raise money. It would be exceptionally difficult for them to gain much interest at the valuation they deemed appropriate. I would look at this IPO as more more like a RTO with an empty to shell as a means to go public, clean up the ownership structure (MDMN/CDCH), and SLOWLY move towards the normalcy of a listed security.
As you know better than most. Nobody should be expecting a typical IPO with sellside sponsorship, coverage, fanfare, dedicated market markers, or liquidity. Going the OTC route with eventual plans to list on the TSX would be the cheapest and easiest path forward. IMO. I support the decision.
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Per my recent posts, I believe we are currently trading at fair value and CDCH is 50% undervalued. While I would love to engage in a healthy debate, as to why Iâm wrong, the only counter has been that âMDMN is a penny stock so anything is possibleâ. I think we can both agree that thereâs not much substance to that argument.
I do believe there is considerable upside once things advance on the production and resource front. However, a $100M valuation for Auryn today is very generous (to answer your question in case you havenât read any of my posts since the beginning of the year). Anyone with a precursory knowledge of the mining sector and todayâs relative valuations would have a hard time disagreeing with this opinion.
Bashing? Fake news? Let me know specifically, where you disagree, so I can respond. Otherwise, keep your âhot shotâ banter in the sand box.
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I donât disagree but nice to see youâre actually optimistic should this prove up
If MGâs point comes to fruition and main veins are mined showing bonanza gpt,things should start to improve
Iâd be selling if I werenât optimistic. Full disclosure, I havenât been buying lately b/c thereâs still waaay too many unknowns with the capital structure but I would be a buyer (starting with CDCH) if/when things start to clear up. Yes, the prices will most likely be higher once there is better visibility but I find it impossible to add to my position until that happens.
All of this discussion on âvaluationâ are an exercise in futility. One needs to work with the base case that there are 3B shares outstanding, incorporate the company developments/timeline, and work from there.
Claiming that there is a massive disconnect, as we trade below a penny, is analogous to claiming (for the past two decades) that Senor Quijano is a respected mining figure in Chile. Letâs keep it real. Still plenty of opportunity for people to recoup some of their losses and or profit if they are fortunate enough to have a low cost basis.
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donât need a calculator for this, just logic 
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Iâm as pissed off as the next shareholder but donât take it too far the other way
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Baldy, in your opinion, what would be that low cost basis to recoup losses and make some profit? Like no more than _______ cents. Please fill the blank.
Albeiro, nobody knows, time will tell, soon i hope.