Aurcana Silver Corp V.AUN.H

Mining activities ?

[andre171]

Deadline extended until June 20 for the financing problem, but it would also be essential to know what is happening with the resumption of mining activities. No information on this subject, it is worrying!

[parahyangam]

NOTHING IS GOING TO HAPPEN. THERE HAS BEEN NO OPERATING MINE SINCE THE 1890'S. THAT MINE EXISTED BRIEFLY ONLY BECAUSE OF US CONGRESSIONAL SILVER SUBSIDIES. STAR MINES, FORTUNE MINERALS, OSMI AND NOW AURCANA HAVE SPENT OVER 100 MILLION SINCE 2011 TO GET A MINE GOING. THERE HAS BEEN NO SILVER PRODUCTION TO SPEAK OF. REVENUE-VIRGINIUS MINE IS A NARROW VEIN MINE WITHOUT GOLD TO MAKE IT VIABLE.

[deet]

Wrong....according to this article from 2020. Only $8 bucks an ounce to get the silver out of the ground. https://stockhouse.com/opinion/independent-reports/2020/01/09/world-s-highest-grade-silver-mine-targets-q4-2020-production

[parahyangam]

WITHOUT MEANINGFUL PRODUCTION THAT $8 NUMBER IS CONJECTURE. LIKE BILL POWERS SAID; 'YOU HAD A CHANCE TO SELL YOUR SHARES WHEN THE PRICE RAN UP.' HE DID. THUS IN A NUTSHELL: "YOU HAVE NO RECOURSE SUCKER!!! ". SHAMELESS. POWERS OF COURSE OMITTED THAT HIS HYPE AND THAT OF BRIAN BRIGGS HAD A LOT TO DO WITH THAT PRICE RUN-UP. YOUR TYPICAL GARBAGE PENNY STOCK AND A WORTHLESS

[deet]

In the end we'll see who is right. At this price, I for one, am willing to take a chance. It's a roll of the dice, as someone on this message board wisely pointed out. But then...the entire stock market is a gamble. There are no guarantees. Just ask the folks at Netflix, Hexo, or Twitter. I'm certainly not panicking.  At 9 cents a share, this stock has gone beyond the panicking

[parahyangam]

BEFORE YOU FURTHER ADVOCTAE BUYING AUN SHARES YOU SHOULD OBTAIN RELIABLE, UNCONTAMINATED THIRD PARTY PROOF OF AN OPERATING ELEVATOR WITHIN THE 1200 ft VERTICAL BORE RAISE LOCATED NEAR THE JUNCTION OF THE MONGAHELA AND BLUE GRASS VEINS. IF YOU DO, COULD YOU SHARE IT WITH THIS BOARD.

[NinetyFourOctan]

Please stop shouting (CAPS).  I am trying to rationalize why anyone would be so upset that they have to shout and the only rational answer I can  come up with is that you just lost big when you shorted AUN at $0.055 and now are looking at a ~ 90% loss and counting.  We seem to have a very strong support at the ~ 0.09-0.10 c/sh level while we wait for the next steps to be announced

[NinetyFourOctan]

Good Point Deet. Also: - Silver is still trading well above historic highs and very likely will keep rising. - RV has some of the highest grade silver reserves in the world. - The mine is fully permitted, ready to run. - We almost had production fully ramped up before the slide late last year. You don't just walk away from something like that...... If I were Mercuria, i would be bidding