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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

Post by upinmuskoka1on Dec 20, 2021 12:52pm
205 Views
Post# 34247335

Could someone please explain

Could someone please explain"Under the TSX rules, the Company may purchase up to 7,963 Common Shares on the TSX during any trading day, which
represents 25% of the average daily trading volume of 31,853 Common Shares on the TSX during the six months ended
October 31, 2021"

with Aura looking to buy back close to 2.7 million shares even if they purchased the 7,963 daily limiit and with about 250 trading days per year they would not even reach 2 million shares.

???

Personally I think games are once again being played with this company and management needs to do a much better job promoting Aura Minerals. I wonder if the shares are being forced down so the company can purchase them back at an extreme discount. 

As a long time holder I have seen it all with this ORA and anything that Paulo Carlos de Brito is associated with well nothing would surprise me.
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