Aurcana Silver Corp V.AUN.H

Restart of RV confirmed, start-up funding finalized

[NinetyFourOctan]

https://www.aurcana.com/news/2020/index.php?content_id=470
 

Should see a significant bump in the next few weeks. Looks like we are "selling the news" a bit today - Go figure.  No worries. 

GLTA

[uudamann]

In the second year AUN will be obligated to repay close 1/3 of the loan, when pricipal and interest payments kick in. That leaves very little margin if things do not go smoothly. Mercuria has no real collateral if the mine restart fails. Seems like Russian roulette for both parties or a variation of the circular firing squad with bone crushing interest rates the ammunition. 

[TechOne]

Certainly a higher risk play since interest rates are too high in today's environment and production startup have to progress smoothly .. And POS has to stay high enough etc.  Let's see if the projections and the management are up to par.. Early next year I am going to decide whether to hold or fold .. Taking a loss here is going to hurt but rotating into more sure thing is always an

[twpt]

Want the loan gone? Easily done by PP. The reason it was done by loan instead of PP is so the can keep SP up while going into production. SP will rise likely to 2.00 by mid 2021 when production starts. If it all goes smoothly they will then have to make a choice, either do a pp and pay loan off or resart Shafter. Either way we win

[uudamann]

Subsequent to April 1984 (Post the Hunt brothers 10 year speculative disaster), silver declined far below $20/oz and had remained there plumbing sub $10/oz pricing for years. There was a brief, acute price spike to near $50/oz between July 2010 and Sept 2014, but that very narrow price spike sat between relatively broad price shoulders just above $20/oz . Recent price levels will not be sustained

[marshalljj]

"If the Revenue mine begins operating in 2021, the first time in 120 years, they will discover the narrow veins have highly variable silver concentrations and are discontinuous." - Are you saying this is good or bad?

[TechOne]

He is saying that it is 'bad' .. Personally, for now I will let the company do it's job and bring the mine to production..  Either we make it or financing terms are such that we lose the whole shabang.. For now, for what it is worth, I think we should make it..  We have six months to find out.. 

[NinetyFourOctan]

It has been a while since my last post on Aurcana. I see the doubters have once again resurfaced trying to take control of this board. Well good luck to you;  TOO BAD you missed out on another years worth of returns after today's session which saw the price of silver break out resulting in a 14 cent per share rise in Aurcana (that's 13.21% in one day). Honestly I was not expecting