Chen Lin's comments on AUN https://www.theaureport.com/pub/na/14984
TGR: You also follow Aurcana Corporation (AUN:TSX.V; AUNFF:OTCQX), which recently announced commercial production at the Shafter mine in Texas. Do you expect share price growth to continue as it expands production and exploration at La Negra?
CL: Aurcana is another turnaround story, with new management. Lenic Rodriguez was an investor in the company and when the company got into trouble, he rose to the occasion. He started putting in more money and running the company, and turned it around. I was quite impressed by what he's done. La Negra was a marginal mine that has now turned into a huge cash generator. The Shafter mine in Texas just started commercial production. We should see continuing improvements throughout 2013. It will have a lot of warrants exercised this year from prior financings, which could put some pressure on the stock, but by the end of the year, the company should have a relatively clean share structure and can move on to the next level.
Bullish long term, but not so much in the short term.
Seems to confirm that it will certainly take towards the end of 2013 for the stock price to start it's move upward. The warrants, and the slow ramp up of Shafter to 1500 "by the end of 2013" will probably cause AUN on the dreaded Vulture Exchange to continue to be held at this low trading level, IMO.