TSXV:AUN.H - Post by User
Comment by
ak27on Mar 04, 2014 6:15pm
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Post# 22280209
RE:RE:RE:RE:Today should get interesting.
RE:RE:RE:RE:Today should get interesting. A person with self-respect and dignity in the shoes of Lenic should have been long gone and forgotten. Not Lenic even though his credibility and reputation in the mining community are all gone.
Lenic to me represents the ugly side of the mining industry when individuals with very questionable credentials got on board of mining companies. Some will say that he single handedly found and developed La Negra. Not true. The deal for LN was long time in the making. And to say that Lenic developed LN is absurd
I think that what is left of Aurcana is in the hands of RK/ Orion. I think that currently Aurcana is incapable of meeting its debt obligations and is insolvent. As I see it the options are two - to call off the contract for gross misrepresentations on the part of Lenic or sign an onerous contract .
I am affraid that Lenic already damaged Aurcana to the point of no return and that it is a matter of time before someone swallows what is left of Aurcana.
I think that Lenic ruined this otherwise promising company.