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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
Comment by Baer1on Jun 22, 2014 2:52am
319 Views
Post# 22683544

RE:RE:RE:RE:RE:Aurcana Closes $5,060,000 Equity Financing

RE:RE:RE:RE:RE:Aurcana Closes $5,060,000 Equity FinancingMatt, the $25 M isn't there any more. LR is buying machinery for LN, has to pay for Shafter C&M (don't forget the property taxes, just paid mine), and how much did it cost to put all these financing deals together? Interactive Data, who supplies figures for QTrade, has Net Earnings for AUN at annual -$134 M. You do the math. I'm hoping that there will be a class action lawsuit when Lenic has finished gutting this company and tries to sail off into the sunset. My current value of shares is less than10% of what I invested about 5 years ago. I think it's going to get a lot worse. I've dumped half of what I held, and am just looking for the right exit. Hope I haven't missed it already. I made a similar mistake with BCI about ten years ago. Everything looked great, until it didn't, and it happened fast. I think I finally dumped like 80,000 shares at 0.05. It went belly up a week later. 
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