Aurelian Resources Was Stolen By Kinross and Management But Will Not Be Forgotten

The company whose shareholders were better than its management

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Message: More from Otto

More from Otto

posted on Jul 24, 2008 05:54AM

Thursday, July 24

Of all the junk in the ARU PR this morning......



.......this is the part that made me vomit the hardest:

"....BMO Capital Markets and Dundee Securities Corporation, Aurelian's financial advisors, have provided oral opinions to the Aurelian Board of Directors that the consideration offered is fair, from a financial point of view, to Aurelian's shareholders."

Aurelian lost its nerve and took the small change offered by the big boys. They got sweet-talked into selling the world greatest untapped gold deposit by its financial advisers who have spent the last three months making sure the stock was whacked down and stayed down at bargain basement levels.

The only hope left for the true brave hearts (not the bunch of total cowards who pretend to be acting in the best interest of shareholders) is that Newmont comes along with the white knight offer. After all, that's what the very same ARU management have been telling people off the record. We're supposed to be happy about a KGC stock-plus-arrant deal? You can look your loyal and long term shareholders in the eye, put your hand on your heart and say this deal is fair to Aurelian shareholders?

BULLSHIT, BULLSHIT AND A THOUSAND TIMES BULLSHIT. You'll be remembered as the bunch of geologist who got the largest screwing from the money guys this decade. The most pathetic and cowardly managerial decision i've had the displeasure of witnessing in years. And although i'll be rooting for a white knight bid, you guys on the board don't deserve it.


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