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Aura Minerals Inc T.ORA

Alternate Symbol(s):  ORAAF

Aura Minerals Inc. is a gold and copper company. The Company is focused on the operation and development of gold and base metal projects in the Americas. The Company's mineral properties include Ernesto/Pau-a-Pique Mine, San Andres Mine, and Aranzazu Mine. Its project in construction includes Almas Project. Its other projects consist of Matupa Project, Borborema Project, Sao Francisco Gold Mine, Tolda Fria Gold Project, and Serra da Estrela Project. The Ernesto/Pau-a-Pique Project (EPP) is in Mato Grosso in Brazil, approximately 450 kilometers (km) west of Cuiaba. The San Andres Mine is an open-pit heap leach gold mine located in the highlands of western Honduras. The Aranzazu Mine is an underground copper mine that is located within the Municipality of Concepcion del Oro in the State of Zacatecas, Mexico. The Almas Project is a gold project located in the state of Tocantins, Brazil. The Matupa Project is a gold project located in the northern part of Mato Grosso, Brazil.


TSX:ORA - Post by User

Comment by casinoon Oct 06, 2020 1:46pm
98 Views
Post# 31674188

RE:RE:RE:RE:RE:Is it just me

RE:RE:RE:RE:RE:Is it just me
Canadian0620144 wrote: Explanation 2.1ml shares will represents just over 3% of total shares of Aura. These shares are to be listed and sold on the retail side of the Brazilian exchange Aura33-BR by current Brazilian share holders these are not new shares and will not be available to Canadian or North American retail investors. The original listing Aura32-BR in Brazil earlier this year  was for money managers, institutional investors ect not the general public.  I believe the paperwork has been filed and it is now upto the holders to decide when they want to market these shares in Brazil. Non of the proceeds will go to Aura. It will add a new group of retail investors and should add more liquidity and volume to daily trading in Brazil.  I tend to look at the lack of volume as a positive, in my opinion it means current shareholders are bullish and longstanding.  There remains 3.2ml un exercised staff options priced at $1.52 with 5yrs remaining this will increase the float to 74 million shares. The fact executives are not exercising is another positive about the near term Aura prospects.   

  


Thank you for the well exlained explanation. 

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