TSXV:AUN.H - Post by User
Post by
SergeBruneton Apr 04, 2008 2:25am
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Post# 14937605
Accretive transaction
Accretive transactionWell, it seems Aurcana did a pretty good deal with this acquisition.
They will pay ~1$/oz for silver reserves in the ground + a near ready to operate mine.
Since the resource calculation dates back a little bit, I am curious to see if they can extend the resource and what the potential increase in mine life and potential will be.
Apparently, they are setting their sights on the next acquisition. At this rate, its about 1 acquisition/year.
I sure am puzzled that the share price languishes at these levels for so long.
SB