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Aurania Resources Ltd V.ARU

Alternate Symbol(s):  AUIAF | V.ARU.WT.B | AUIWF

Aurania Resources Ltd. is a mineral exploration company engaged in the identification, evaluation, acquisition, and exploration of mineral property interests, with a focus on precious metals and copper in South America. Its flagship asset, The Lost Cities - Cutucu Project, is located in the Jurassic Metallogenic Belt in the eastern foothills of the Andes Mountain range of southeastern Ecuador. It holds 100% of the Lost Cities - Cutucu project that covers approximately 208,000 hectares (ha) in southeastern Ecuador. It has also applied for mineral concessions in adjacent northern Peru, and for an exploration license in the Brittany Peninsula of northwestern France. Epithermal targets for Gold-Silver include Kuri-Yawi, Tatasham and Kuripan. Intrusive-related copper targets include Tatasham and Awacha. It has discovered a 15-kilometer-long trend in which silver-zinc-lead-barium occurs in the Shimpia target area, which is enclosed by the various Tiria epithermal gold-silver targets.


TSXV:ARU - Post by User

Bullboard Posts
Comment by rich9on Jul 02, 2006 7:07pm
438 Views
Post# 11057384

RE: Long Weekend Too Long

RE: Long Weekend Too Long I don't know, if ARU shares have been manipulated, but I remember , during the last halt (news: 255 metres @ 12.55 g/t gold), the pre-opening bids were going as high as 27.99/share but ended up opening at what? 23.00/share or something like that. I guess, for anyone to have manipulated the share price during the last news release, all they had to do was keep asking for less than what the market was bidding. After a few manipuilations like that, the average share-holder sees the board and realizes the stock is going down and begins to panic and starts selling, thinking the drill results are not so good after all. When the desired effect is reached (joe investor wanting to dump his/her shares) the manipulator(s) can stop selling (dumping) their own shares into the market. Later, they can buy back those shares that they had dumped at 23.00/share for 16.00/share. So , they actually make more money and are able to accumulate more shares at cheaper prices, than they would have otherwise. I think share-price manipulation must be rampant in the stock-market. Only because it seems to be easy to accomplish and there is no way to prove that it's happening. Maybe, I'm just a little paranoid too...but I have little faith in people's integrity when it comes to money matters... JMHO What do you think?...
Bullboard Posts