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Aura Minerals Inc T.ORA

Alternate Symbol(s):  ORAAF

Aura Minerals Inc. is a mid-tier gold and copper production company. The Company is focused on operating and developing gold and base metal projects in the Americas. It has four operating mines, including the Aranzazu copper-gold-silver mine in Mexico, the Ernesto/Pau-a-Pique Project (EPP) and Almas gold mines in Brazil, and the San Andres gold mine in Honduras. The Company’s development projects include Borborema and Matupa, both in Brazil. It has unmatched exploration potential, owning over 650,000 hectares of mineral rights and focuses on advancing multiple near-mine and regional targets along with the Serra da Estrela copper project in the prolific Carajas region of Brazil. The Company has the right to explore the Pe Quente and Pezao Projects in the State of Mato Grosso, Brazil. The Aranzazu Mine is an underground copper mine that is located within the Municipality of Concepcion del Oro in the State of Zacatecas, Mexico. The San Andres Mine is an open-pit heap leach gold mine.


TSX:ORA - Post by User

Bullboard Posts
Comment by monzieon Feb 19, 2014 12:15pm
219 Views
Post# 22225502

RE:Bids & Asks

RE:Bids & AsksYou have to realize that there wasn't alot of buying going on when the price was hovering around ten to fifteen cents.  In fact the last few days of trading volumes combined is around the same as the last few months of volume combined before that.  So the majority of owners (prior to the last few days and those who didn't sell on the way down when it was much higher) bought at much higher prices and have just left it in their portfolio and have no intentions of selling at these prices otherwise they would have done so over the last 8 months.  Even the dreaded tax loss season didn't make them sell as there was barely any volume those days either. But don't pay too much attention to level II's on this stock - those numbers don't mean anything.  Friday and Tuesday combined had almost 2 million shares traded and the price only fluctuated between 11.5 - 13 cents, even though level II was showing significantly less ask orders.  
Bullboard Posts