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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 Canadian0620144on Oct 29, 2020 2:50pm
88 Views
Post# 31804848

RE:Wide Bid and Ask

RE:Wide Bid and Ask Aura announcement this morning Brazilian retail buy of institutional share sales lowered to 2.5% of float from 4.5% looks like institutional investors would prefer to keep more shares at current share price. Non of these proceeds will go to Aura. But the move to level 3 and the new ticker Aura33-BR allowing for full retail investor ownership will be a positive. Being the first Brazilian Gold Co listing in Brazil has been a challenge.  To date the stock split 15 for 1 hasn’t had the desired effect of closing bid ask spread and or increasing the trading volume.  My guess current majority of shareholders are holding Aura for the long term and not day trading.  
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