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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
Post by whitehorn1on Jun 02, 2015 6:36pm
90 Views
Post# 23791142

Biggest Problems

Biggest ProblemsThe proposal is very good, and actually sent 2 similar comments out of the 5 comments to investors relations about a year ago. They gave me the round about reply. The biggest problem on the proposal, based on less than 10 percent ownership at present is how much pull does this have? The biggest snag is under Yamana's ownership "branch" of 40 percent, in two different accounts has a lot of pull. That being said, this proposal already garnered 5.5 percent ownership response and could easily amass considerably higher as the management team/directors own a pathetic approx. 2 percent. Anyways, I'm glad Tim has come forward on behalf of the shareholders, apart from Yamana plus directors/insiders. The biggest question remains, will this be able to move forward with this proposal and perhaps implement. It could be a tough go. Also, it may be very difficult to get rid of JB, there probably is a 1 year severance plus all the other perks associated but I will be willing to toss him out despite the extra expense. A reputable person on board could move this stock to a buck in a heart beat. Or if able to put JB in a cannon and shoot him towards the sun, the stock price would be 5 bucks.
Bullboard Posts