Subscribe Now - Click Here:       1 Year for only $149   or   3 months for $99

Auriga Gold Update

I originally issued a news release stating that this is a 5 rated stock, along with a youtube analysis (which I subsequently deleted). I have reduced their rating from 3.5 to 3. I was fooled by their company presentation, which implied they had a loan for $23 million and were proceeding with constructing mind and beginning production in 2013. However, this presentation was from October. Subsequently, in November they issued their last news release (that should have been a big red flag) that they were looking for a JV partner or to sell the project. Also, their March 2013 MDA on shows they are out of cash and are not proceeding with production in 2013.

Their last presentation is misleading, and gives guidance that they are going to build and operate the mine. This is unlikely to happen.

We use cookies on this website. By using this site, you agree that we may store and access cookies on your device. Find out more here.     ×
Register for a FREE account
  • Get Don's "Guide to valuing mining stocks", which features as a chapter in his book.
  • Set up stock alerts
  • Join our mailing list (Don's thoughts)*
  • Try out searching, portfolios and other paid features.
* Average email frequency will be no more than 2-3 times per week

Thank you for registering!

We have sent you an email to verify your address. Please click the link or paste it into your web browser to confirm your subscription and receive your free chapter.