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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
Comment by billioncubicfton Mar 29, 2013 4:42pm
186 Views
Post# 21185973

RE: RE: RE: Congraulations

RE: RE: RE: Congraulations

correct Merimat . . .  he could, either way he'll be back up to 100 million shares rather quickly . . .  The reason for a PP however would be to provide some kickback to institutions who have provided past assistance to Lenic.

So many on this board wonder why the predictions for a PP . . . bascially because there is no need to have such a drastic rollback unless you want wiggle room to issue more shares.  (which is a bit bizarre since they are making money and still have plenty of work to do)  Perhaps it is simply to allow for issuing another 40 million options to the insiders  . . .  lol  let the AUN stockhouse fireworks begin. 

btw,  I once posted  the idea of flying in for the recent meeting from Calgary but logic prevailed and since I don't have millions of shares with which to influence Lenic . .. I decided to put the expense into some bullion rather than wasting time and money.  I'll buy more AUN when they have proven ramp up at Shafter and the share price is under $5.

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