Clavis

Junior Gold Producers May Get Boost from M&A Activity

' One factor that could provide a boost is increased M&A activity. Mr. Curran noted that the Aurelian (AUREF.PK)-Kinross (KGC) and Gold Eagle (GEAFF.PK)-Goldcorp (GG) deals give him more confidence that more tie-ups lie ahead, particularly if gold prices rise later in the year as RBC forecasts.'

Not in the case of the poor Aurelian Resource Inc. retail shareholders, they thought that the were going to have a serious pay day; sitting on the biggest gold find in the last twenty years; but their management sold them down the river so that they will be lucky to see $5 + worthless warrants instead of $20+.
At least they have the guts not to take it lying down and have formed a 'revolt' operation to fight, come what may! Follow the story at agoracom.com ARU.
This kind of 'bad publicity' is just what this segment of the market does not need, rotten apples are not needed in the hard working miners barrel.

Venezuela Gold Miners: 'Misappraised'

I follow Rusoro, has'nt the Russian boss done well buying out Hecla for $20M, mind you I do not own any shares yet though I believe Peter Hambro has a large stake.
Production is expected at 100,000oz gold this year and they must have an eye to the future with 300,000m of drilling information.
Rusoro kept 100% of it's properties, only the Hecla property was split 50/50.
My advice, limited investment.

Will There Be a Bidding War for Aurelian Resources?

This all looks very strange to me. Perhaps I am thick but I do not understand what the shareholders of Aurelian are getting, no cash just shares in Kinross, tied into warrants cashable in five years?
Aurelian has $45 million in the bank and good recent new drilling results to disclose, so enough cash till end 2009. There also appears to be a 10% dilution of the shares to suit Kinross.
Ok, I know that the government is yet to confirm the new mining laws but this is far to cheap for the greatest undeveloped gold mine in the World, why has Aurelian management rolled over at the first bid, what has been going on?

Ecuador Mining Law: Less Harsh Than Expected

Wait to the 27th?