Al outlines the buyback of Aurcana’s Silver Stream purchase agreement with Silver Wheaton
ker
December 24, 2010
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Discussion
2 Comments
Dec 25, 2010 25:55 PM
Dec 25, 2010 25:56 PM
Thanks Mr. Korelin,
Shafter (not Shatner) is where SHAREHOLDERS DID NOT wish to see dilution but it is what it is.
SLW’s buyback was a no brainer but it is good to see that SLW participated in the company going forward.
AUN is extremely undervalued,precisely why shareholders did not wish to see Shafter financed until the SLW buyback was completed first.
That could have then raised the SP to fairer valuation levels and then the company could have then financed Shafter without excessive dilution.
Smart move.