I assume that is based on our most current information. How much could that change if and when they bring us up to date on the past few months? This is all hypothetical of course, as we have no idea what information they might release for us…
Ridiculous or not, it is the only means we currently have to place some sort of value on Auryn. The IPO price will settle the debate.
I agree …
Exactly. While the prices of MDMN and CDCH may not satisfy many of the investors involved they are the best and only way to determine the anticipated value of Auyrn. Neither stock offer much liquidity so there are inherent inefficiencies BUT anyone assuming that Auryn’s implied value of $50M is “ridiculous” needs to spend some time looking at comparable companies. There’s little doubt that Auyrn could release droves of information leading to a significantly higher valuation but it’s all speculation until/unless this happens.
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The only problem is, if Auryn wants a successful IPO, they will have to bring out the good news.
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I think we all agree that there will be little or no news until the merger…
And when will this happen ?
I agree it is likely there will be little news released until AURYN becomes publicly trading … not necessarily a merger of MDMN and CDCH with the AURYN public entity occurring simultaneously. Of course, a simultaneous merger is one way the so called “merger” or “IPO” could occur, but not the only way. If the merger follows later, and the “new AURYN publicly trading company” is allowed to build interest in the size, progress and profitability made on the ADL it would allow shares of MDMN and CDCH to trades aggressively higher. There is a greater likelihood of value to current shareholders without dilution to minority shareholders. I’m good however the IPO happens. We’ll just have to wait to see how management unfolds the deal for the IPO. I’d actually like to see all three entities publicly trading for a while to garner interest and value before it all rolls into AURYN a year or two up the road. If liquidity is the goal, and an IPO can be structured in a way to provide immediate cash to AURYN without an immediate merger of the minority equity partners into the new AURYN, there is greater flexibility to develop the ADL and maximize an ROI for all shareholders, both short and long term. IMO
I know many are expecting an “instant reverse merger” of some kind into CDCH or MDMN. That may be the simplest straight forward way to go, but I don’t think it would be the most profitable way. It would definitely incur some dilution to current shareholders to pay off current debt sooner rather than later. If there is any way to build some cashflow first from AURYN exploitation as a publicly trading company, it would be possible for CDCH and MDMN to eliminate it’s debt on the books without dilution to current shareholders before the final liquidity event. A year or two of progressively good news for AURYN would see PPS for all three companies increase with greater trading liquidity. Such a scenario would also allow for greater possibilities of the parts too large for AURYN to undertake alone (such as the PN) to have progressively increasing JV interests sold off to a major or mid-tier.
I don’t think we’ll necessarily get an IPO this quarter, but I do expect we’ll hear where things are heading. Not what anyone here wants to hear, and it is only speculation on my part. I do expect expect substantial news to flow after AURYN becomes publicly traded and I do expect good things for shareholders however the IPO is constructed. I don’t think the wisest (most profitable) path for shareholders is an immediate transfer of MDMN and CDCH shares into the publicly traded AURYN entity when it happens. That is just my opinion and preference. I’d like to see liquidity in all three stocks, promotional PRs on progress, but that certainly is not the easiest route, or apparently the one preferred by many. Time will tell.
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New week let’s see if we get some answers as to wth is going on with Auryn.
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Okay, Done Deal, you know something we don’t, or your just speculating.
That might be very good for us, because we have a lot of copper.
http://www.kitco.com/news/video/show/Silver--Gold-Summit-2017/1782/2017-12-04/Copper-Up-22-YTD-Will-Dominate-in-2018----CEO
This is what the major speculation on the ALTO is predicated, always has been. Gold is the short-term means to an end ( as CDO provided in the link to above):
Copper Up 22% YTD; Will Dominate in 2018 – CEO
Dec 04, 2017
Copper is up 22 percent year-to-date and rallied 50 percent since a little over a year, an upsurge thanks to the modernization of energy, said Gianni Kovacevic, CEO of CopperBank and a best-selling author. “The future of energy is electrification,” Kovacevic told Kitco News on the sidelines of the Silver and Gold Summit in San Francisco. “The very thing that makes it possible to go away from fossil fuels is an increase in electrification - it’s copper. This type of copper takes three, four, even five times more per megawatt of utility when you create transfer or utilize greener energy,” Kovacevic said. He added, “[C]opper is likely to decouple, price-wise, from most commodities due to this shift in energy consumption. [There has been] a correlation of oil to copper, 90% of the time, over the past 40 years. This is breaking down.”Kovacevic said that a good way for investors to buy into the metal is through junior copper miners. Based on historical buyout ratios compared to today’s levels, he said, “there’s a lot of optionality and value proposition for investors.”Speaking on gold, while he does not see much industrial utility here, Kovacevic sides with Jim Rickards’ view of the yellow metal being money rather than an industrial commodity."
http://www.kitco.com/news/video/show/Silver--Gold-Summit-2017/1782/2017-12-04/Copper-Up-22-YTD-Will-Dominate-in-2018----CEO
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Some tidbits from the Wiz. Nothing earth shattering. I appreciate his willingness to communicate while head first in his new employ.
Just typical blunt honesty from our former CEO.
“Everyone should apply Occam’s razor.”
Occam’s razor (or Ockham’s razor) is a principle from philosophy. Suppose there exist two explanations for an occurrence. In this case the simpler one is usually better. Another way of saying it is that the more assumptions you have to make, the more unlikely an explanation is.
The last news we read spoke about chimney’s needing to be finished in order to move forward. Since nothing has been said since then, the clearest and simplest explanation is that that work is still going on.
I have no idea if Medinah will ever get back to the ridiculously high valuations that we were sold by Price and friends. But it should recover some as the mountain pans out. Things are slow moving, but AURYN isn’t out to screw anyone. AURYN and friends own plenty of MDMN stock and they own plenty of their own as does Medinah.
If they were out to screw us, they would have done so already. Instead they gave us a life line.
I expect AURYN will move forward with what they said when they announced their new President.
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Thanks Uneverknow. We all tend to overthink what isn’t spelled out clearly before us in the simplist of terms. I think we have already heard the news of the mining delays regarding the need for the additional mine safety requirements needing to be completed.
I think when the work is completed and scaled up mining results are underway we will hear about the results directly from AURYN. As good as “back channels” may be, shareholders need to have communications directly communicated from AURYN. That is what I am waiting for, anyway. Anything less is just the same old same old. It is reassuring to hear that this work is not sidelined but continuing to have the blessing required by Chilean authorities completed for scaled up work to proceed forward. It is the wait to hear the official word from AURYN on this that is so frustrating for shareholders.
I’m sure a new poll would likely validate shareholders would like to hear official news communicated from AURYN directly. I expect we will be hearing regular updates once AURYN becomes publicly trading. Everyone is wondering when we will have news on that, but no amount of wondering will answer that question until AURYN announces what exactly is going on … and quite simply, that is my opinion on Occam’s razor.
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Big ASKS keep appearing 4.4 million @ .0041
BTW 26 days left in the 4th quarter. Pitchfork is getting sharpen
Half hour ago there was a bid @ .0038 for 5 million, where did he go?
I’m curious if someone posts a 10 million share bid and see if there’s a buyer. This could all be share swapping
Well L2 ain’t looking pretty right now with that 4.4 million @ the ask of .0039
Taff, the trading these days has the feel of desperation to me. Perhaps I’m reading it wrong…not so much rats off a sinking ship, but criminals looting the piggy bank while they can. A World Class crook held the door for them to get in, and now they’re leaping out of the windows with whatever cash they can stuff in their pockets. The only answer to this madness, if you stick around, is to focus on the horizon and ignore the thievery and shenanigans in the foreground.
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Today we just tied the 52 Week low of .0035 even though we closed at .0042…not good…
I guess we will see hopefully soon what Auryn has to say
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