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.
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.[NLINSERT]
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