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Bullboard - Stock Discussion Forum 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... see more

TSX:ORA - Post Discussion

Aura Minerals Inc > Wide Bid and Ask
View:
Post by toppgunn on Oct 29, 2020 9:47am

Wide Bid and Ask

It is unreal the bid and ask on trading.  This morning the bid is at 12.00 and ask at 14.00.  ORA has been holding up well during this correction in the markets.  Looking forward when this confidently trades beyond 15.00
Comment by Canadian0620144 on Oct 29, 2020 2:50pm
Aura announcement this morning Brazilian retail buy of institutional share sales lowered to 2.5% of float from 4.5% looks like institutional investors would prefer to keep more shares at current share price. Non of these proceeds will go to Aura. But the move to level 3 and the new ticker Aura33-BR allowing for full retail investor ownership will be a positive. Being the first Brazilian Gold ...more  
Comment by toppgunn on Oct 29, 2020 6:24pm
Good comments.  I would rather have a limited float with minimal trading as opposed to a high float with lots of trading if there is substance behind the company.  Aura has performed well the last year especially with plenty of negative news stories.  The low float has kept the share pricer higher then massive selloffs.  I've never experienced a low float trading company ...more  
Comment by elgin1 on Oct 30, 2020 10:59pm
I totally agree .  Aura will be ramping up production at existing mines and will start construction on Almas soon. They have land packages all existing deposits that could extend resource estimates for years to come.   I speculate they will ge5 taken out by a major sooner than later .
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