TSXV:AUN.H - Post by User
Comment by
SilverPhDon Nov 23, 2021 9:49pm
227 Views
Post# 34159869
RE:RE:RE:Bought in Today
RE:RE:RE:Bought in TodayWith today's news another private placement is probably in the works which means more shareholder dilution. This one is being called accurately by me. Sorry current shareholders.
SilverPhD wrote: Still true over a year later.
SilverPhD wrote: I used to love this stock back during the Lenic CEO days but got royally screwed by that management team. They sold Shafter like it was ready to go and still not an ounce mined by Aurcana. If Aurcana's Colorado project was outstanding, it would have been financed by now. Going to the market for a private placement is a red flag to me. Can the management team get the Colorado project financed without totally diluting existing shareholders? In this rising silver market, I rather have a producing company making money that is also doing exploration (i.e. Impact Silver).