TSXV:AUN.H - Post by User
Post by
bryancjon Mar 18, 2012 10:58am
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Post# 19686643
Interesting
Interesting Fron Bulls and Bears report
This financing is just the latest, clear market ratification of Aurcana’s performance and business plan in a year where the company raised $100 million largely from institutional investors. The company is now debt free and looking for ways to invest its anticipated growing coffers. One possibility is a “very interesting” Mexican property the company is considering acquiring.
“Are we going to be rolling in money? I would say that is the case,” Rodriguez says. “We will use that money to expand the company through organic growth and acquisitions. We will be a mid-tier producer this year and by 2013 Aurcana will be a major silver producer, surpassing all of our peers.”