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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
Post by rich9on Dec 06, 2006 5:05pm
423 Views
Post# 11818825

We just need time.....

We just need time..... What has just happened in the last week or so, is self-fulfilling prophecy stuff. The political risk is there and has affected the stock, for sure, but what really has done a number on the stock is the "SNOW-BALL" effect. The political risk effect caused a considerable sell-off, but then the considerable sell-off has caused another considerable sell-off. It's a vicious circle. Today's sell-off is from normal share-holders that are just trying to cut their losses. They sold out because everyone else sold out, or so they think. Once the stock broke 30.00/share, panic took a choke-hold on the market. When, this stock calms down for good, is anyone's guess right now, but it has been tremendously disappointing to see the stock go from 43.00 to 27.50 with such rapidity. That's a drop of approximately 1/2 billion dollars on the market cap. The good news is, there are a whole bunch of new ARU investors (the ones who have paid under 30.00/share) that are feeling very fortunate right now.
Bullboard Posts