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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 casinoon Mar 31, 2015 8:56pm
47 Views
Post# 23584563

RE:Hi casino....

RE:Hi casino....One thing I whole heartedly believe is that management in most public companies could give a rats as5 about shareholders. It is job preservation for them and take a look at what management and BofD are paid in most public companies. Aura is no different with how management milks the system. Although there are posters who believe that Aura CEO is not overpaid compared to other miners. Really !!! At least those other miners have analyst that follow the company and their stock trades beyond the penny status that has crippled Aura. I did some reading on High River gold the other day. A gold stock that was punished like Aura and traded for pennies only to have a large Russian shareholder who tried to swoop in and steal the company at .22 per share. After much wrangling and a few years of offers that were rejected by minority shareholders the company ended up being bought by that same shareholder for $1.40 a share. High River gold was supressed for a long time and tired investors wanted out but those who waited were rewarded. I think something like this scenario could be happening with Aura with the largest two shareholders being controlled by the same person with well over 40% of Aura under his belt. Never trust management they only care about themselves at least that is my limited experience. I will hold till I am in the money. I have all the time in the world.
Bullboard Posts