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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 AngelEyes3on Dec 24, 2012 8:11am
316 Views
Post# 20768590

Very clear to figure out what happened

Very clear to figure out what happened

The hedge funds came in and raided the stops that were placed on the junior silver producers. They cleaned out the stopps and aquired cheap stock. It has been done several times in the past. When a stop is placed the MM can see it and if many are placed as were in AUN at the 80 to 90 cent level. The MM can see this and cause a water fall event by selling shares at lower prices which in turn triggered the stoo\ps which would feed on themselves  and trigger additional ones until the result was a wash out in shares. Monday will be another thin market therefore if games are to be played they can be again. But it is also the last day of tax loss selling and most likely given what took place on Friday we should see some recovery. Do not expect a full one becasue a thin market can be easily controlled.

Bullboard Posts