Re: losing your assets
in response to
by
posted on
Apr 25, 2008 09:55AM
The company whose shareholders were better than its management
It was always my gut feeling that ARU would be allowed to keep more than FDN plus 2 (though in a worst case scenario, even that would be acceptable as long as the two other concessions contained the western fault). I'll admit however that that gut feeling was a little queasy this past week.
I know Aurelian has taken a lot of criticism lately, but I have one other complaint to add to the list. Back when we could have attracted more interest, we should have farmed out a bunch of concessions. That would have kicked it up a notch as far as local employment and getting mineral development on the fast track.
We are sitting on a lot of land and we simply don't have the resources to properly explore all of it. A few 100% buy-ins would have got things moving and made our concessions less of a target, IMO.
ebear