TSXV:AUN.H - Post by User
Post by
pointguardon Mar 20, 2013 5:56am
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reverse split to rectify previous dilution
reverse split to rectify previous dilution it was inevitable for aurcana to do r/s for listing on nyse and for allowing institutions to purchase-8/1 split allows for low enough share structure to dilute if necessary at further date hopefully for positive accreative purposes --with nyse listing comes options and volume and games-with higher price per share and listings aurcana will do well if they produce if not more meat on the bone for shorts and their games--r/s split is just a tool to rectify the previous dilution that enabled aurcana to get where it is today-as a new investor having la negra with its resource bump a low cost long life mine with zinc, lead possibly in future shortage and a company with no silver stream or hedge on base metals and its shafter us exposure make aurcana a asset buy-lenic had the unfortunate job of getting aurcana here in one piece and is the obvious target of a tough tricky buisness-- have lived through this with cde although kieth neumeyer seems immune to target practice--