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TICKERS: ARU

One-Week Sale on Aurania Shares
Contributed Opinion

Source:

Bob Moriarty of 321gold describes the investment opportunity in this company.

Aurania Resources Ltd. (ARU:TSX.V) has 2 million warrants at $3 due to expire on Dec. 29. Typically, as warrant expiration approaches, warrant holders who are short of cash will sell the shares to exercise the warrants. In anticipation, shareholders have dropped the price of shares from $4.50 on Dec. 4 to $3.40 on Friday, Dec. 20.

With less than a week remaining, shareholders who happen to be scant could drop the price to as low as $3.10 and still make a few pennies on their warrants. This is a short-term sale on the shares and will be over in a week.

I would not be surprised to see Aurania go right back up to where it was in early December before the artificial supply began to hit the market.

Aurania is an advertiser. I have participated in two private placements and will participate in more. I am biased, do your own due diligence.

Aurania Resources
ARU-V $3.40 (Dec 20, 2019)
AUIAF-OTCQB 36.6 million shares
Aurania Resources website.

Bob Moriarty founded 321gold.com, with his late wife, Barbara Moriarty, more than 16 years ago. They later added 321energy.com to cover oil, natural gas, gasoline, coal, solar, wind and nuclear energy. Both sites feature articles, editorial opinions, pricing figures and updates on current events affecting both sectors. Previously, Moriarty was a Marine F-4B and O-1 pilot with more than 832 missions in Vietnam. He holds 14 international aviation records.

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Disclosure:
1) Bob Moriarty: I, or members of my immediate household or family, own shares of the following companies mentioned in this article: Aurania Resources. Aurania is an advertiser on 321gold. I determined which companies would be included in this article based on my research and understanding of the sector.
2) The following companies mentioned are billboard sponsors of Streetwise Reports: None. Click here for important disclosures about sponsor fees.
3) Statements and opinions expressed are the opinions of the author and not of Streetwise Reports or its officers. The author is wholly responsible for the validity of the statements. The author was not paid by Streetwise Reports for this article. Streetwise Reports was not paid by the author to publish or syndicate this article. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security. Streetwise Reports requires contributing authors to disclose any shareholdings in, or economic relationships with, companies that they write about. Streetwise Reports relies upon the authors to accurately provide this information and Streetwise Reports has no means of verifying its accuracy.
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