TSXV:AUN.H - Post by User
Comment by
fleeinggrandichon Feb 13, 2013 9:15am
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Post# 20980168
RE: RE: RE: RE: RE: Aurcana Announces Proposed Sha
RE: RE: RE: RE: RE: Aurcana Announces Proposed Sha You want the consolidation to drive the price FAR over $2.
USA.v did a reverse split to try to get their stock over $2; didn't stay there, cos silver dived, USA was too leveraged to silver, and then they did a big dumb acquisition.
AUN going over $6 makes them a grown-up stock instead of a silly little kid stock. Seriously, no pro who wants to keep their job is going to buy an 80 cent miner with 600M shares outstanding or whatever AUN have. At $6, they can at least make a case.