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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 tommygavinon Nov 16, 2006 5:11pm
301 Views
Post# 11696513

RE: babyruth

RE: babyruthAlso the fact that shares were trading for 39.00 plus when the private placement was announced,so anybody holding shares ,if they didn,t want to add more,could sell their shares in the market for 39 and use the proceeds to buy at 37.50 . I attempted this but I could not get any of the private placement.I might be too low on the food chain.So the private placement would-did depress the market somewhat.And I believe its the smaller retail guys doing most of the selling,so the best plan is to wait and see where this is going, wait for a bottom or leveling off and then buy.In my opinion ,when the share price turns ,it will be sharp,might be on news,the election,or some strong buyer bidding up the shares,causing other buyers to jump in so they are not left behind.I was lucky enough to sell some at 40.00 and was planning to buy back at 38.00, I am still watching and waiting.I think there is alot of us doing that,its almost like a game of musical chairs,someone in the end will be left standing. There is also the possiblity of panic sellers just before the election-possibly the best time to buy.Remember a few months back,everyone was worried about the 7 million share private placement shares coming available to the market,shares went as low as 22 dollars,everyone was expecting the share price to fall lower because of the new shares hitting the market,so people sold,hoping to by cheaper,it didn,t happen,the next monday ??? the shares hit 30 .00 or so. I think this will happen again,the share price will pop, and if you want to play it safe,mayby its time to buy
Bullboard Posts