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Aurcana Silver Corp V.AUN.H

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

Bullboard Posts
Post by JonEcashon Feb 06, 2012 9:34pm
572 Views
Post# 19497636

Just a guess....

Just a guess....

I'm thinking this move will continue a bit further due to the traders coming in (today's action should hit a lot of radars) and short covering.  We will hit some resistance at 85/86, then the price will be overbought, such that we will pull back to the upper 70's to test the breakout.  Will probably consolidate at that higher level with a possible upward bias for a couple of weeks into March. 

If we don't get any news, and depending on the POS, I can see the share price starting to sell downwards into the end of March.  The reason being that 53M shares from the last financing come free trading.  Hopefully the investors that bought in decide to hold instead so that we don't sell downwards.  Which could be the case if we get some solid news.  All the retail longs here need to be aware of this...

J$

Bullboard Posts