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Aurcana Silver Corp V.AUN.H

Aurcana Silver Corporation is a Canada-based company, which is engaged in the exploration, development, and operation of natural resource properties. The Company’s development properties are the Revenue-Virginius mine (the Revenue-Virginius mine or Ouray), located in Ouray Colorado and held through the Company’s 100% owned United States subsidiary, Ouray Silver Mines, Inc. (OSMI) and the Shafter silver property (the Shafter Silver Project or Shafter), located in Presidio County, Texas and held Aurcana Silver Corporation. The Revenue-Virginius mine is located in southwestern Colorado about 5.5 miles southwest of the town of Ouray. Access to the mine site is via County Road 361. The Shafter Silver Project, which is 375 miles southeast of El Paso, in Presidio County, southwest Texas, within a historic mining district.


TSXV:AUN.H - Post by User

Bullboard Posts
Post by pointguardon Mar 20, 2013 5:56am
397 Views
Post# 21155223

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-- 

Bullboard Posts