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Aurcana Silver Corp V.AUN.H

Metals & Mining Silver
Aurcana Silver Corporation is a Canada-based company, which is engaged in the exploration, development, and operation of natural resource properties. The Company’s development properties are the Revenue-Virginius mine (the Revenue-Virginius mine or Ouray), located in Ouray Colorado and held through the Company’s 100% owned United States subsidiary, Ouray Silver Mines, Inc. (OSMI) and the Shafter silver property (the Shafter Silver Project or Shafter), located in Presidio County, Texas and held Aurcana Silver Corporation. The Revenue-Virginius mine is located in southwestern Colorado about 5.5 miles southwest of the town of Ouray. Access to the mine site is via County Road 361. The Shafter Silver Project, which is 375 miles southeast of El Paso, in Presidio County, southwest Texas, within a historic mining district.


TSXV:AUN.H - Post by User

Aurcana Silver Corp
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Comment by zzthnxon Apr 03, 2008 7:04pm
317 Views
Post# 14936731

RE: News: Aurcana Acquires Near Term Silver Produc

RE: News: Aurcana Acquires Near Term Silver ProducHi Weakerthans, good post!

You stated "-23M in cash. This will be payable by June 30, 2008. I guess that the company must have something close to 15M in cash currently so they probably will have to raise some money.. Perhaps 10M.. My guess is that the financing will be at ~1$/share 2 months from now."

I hope that you're right and they will wait a little while to see how much the share price moves up because I'm really getting a suspicion that someone is holding the SP down. I hope what's happening is not that AUN is aleady negotiating a PP with that Swiss group and that group is playing games to keep the SP as cheap as possible until the PP is agreed upon.

What makes me very suspicious is that we get this really good news and all of a sudden there's over a million shares for sale at around .70? If it's not manipulation then I don't know what the heck is going on because for where AUN is sitting right now, .70 is ludicrous.

Cheers, zz
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