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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 AngelEyes3on Nov 10, 2011 12:12pm
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Post# 19226585

RE: any idea when the PP will be finalized ?!!?

RE: any idea when the PP will be finalized ?!!?Well looking at the trading today we got capped at 80 cents yesterday and today the capping it taking place in the 79 to 80  cent range again. That means they are trying to take it down some.. I would have preferred the company to offer warrants to existing shareholders that way we benefit not the banisters. They will take us down so that they get cheaper shares. Management needs to learn this. I would have waited until the shares hit 1 dollar plus. Given todays news if they had waited we would be happier. This just makes the shares dead in the water. Also with existing cash flow they could have borrowed funds from a bank by putting up some physical silver as credit against the loan. I am not happy with this PP being offered at these prices. Just my opinion but we would have run back yesterday to 85 cents and today min of 90 plus cents on the news if they didn't do the pp announcement. I question the timing personally. Just me way of looking at this I guess.
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