Aurcana Silver Corp V.AUN.H

RE: Anyone consider ?

[shortUSA2]

Maybe the market knows what the insiders know.   They dumped shares all the way down to 1.02 and none of them have bought a single share during this down trend.  What is the problem here?  Why don't they like their own stock even after its price has been cut by 60%?  One thing has me a little worried.   The announcement of a very aggressive drill program in combination with the constantly delayed 43-101 suggests that they have a great deal of work to do in terms of defining and proving up the resource.   In otherwords, this massive drilling program could be the result of management realizing that the upcoming 43-101 is going to be insufficient to attract the kind of investment that will give AUN the valuation we are hoping for.   Institutional money buys based on whether the  reserves and operating costs make for a sensible investment given their outlook for metals prices.  Right now, they don't have the information needed to make an investment decision.  So we are perhaps stuck with a lack of buying interest until there is more clarity regarding what AUN really has at La Negra.   If the market knows something, it could be that the long awaited 43-101 will fall short of what was hoped for.