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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 Sep 08, 2012 9:55pm
411 Views
Post# 20338860

RE: RE: RE: RE: RE: POS

RE: RE: RE: RE: RE: POS

"LN was/is highly profitable and the sp at three million oz would have saved the shareholder's equity by sparing us the massive dilution Lenic likes to label 'accretive'.

A lot of really bad decisions were made and the share price suffered for five years as a result.

Lenic chose to go breakneck at Shafter and Joe and Jane shareholder took the hit.

When is payback time? Let's hope Lenic understands the difference between payback and rollback because he is not paying attention to his shareholders that bought his Shafter lunch."

 

Amazing, that's pretty much been my beef with AUN over the years, and for some reason, when I posted these sentiments, all Matt could do was disparage and criticize me.

Eloquently stated Matt! (Unfortunately, he won't see this post because he placed me on ignore awhile ago.)

Anyway, onward and upward now, fellow AUN shareholders. I think we're going to be in for quite a ride over the next year.

 

 

Bullboard Posts