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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
Comment by zzthnxon Mar 30, 2012 10:01pm
265 Views
Post# 19742238

RE: Four years later

RE: Four years later

"If anybody had told me that AUN would sit at eighty cents after four years and mid tier status I would have never held these shares."

Exactly the point I tried to make several times way back when, Matt, and go nothing bu flack for, and why I will never again take a buy-and-hold approach with Aurcana. I held steadfastly for years while the stock price descended all the way down to $2.00 a share to around .08 cents in 2008 from a high of almost $2.00 several years earlier. Then, as soon as things start looking better, they execute those financings for tons of millions of shares, which in my opinion were ridiculously low priced. Sold again today. After reading Rok's posts I'm thinking maybe warrants might be the best way to go with this company. Cheers, zz

 

Bullboard Posts