Bullboard - Stock Discussion Forum Aurcana Silver Corp V.AUN.H

Metals & Mining Silver

Aurcana Silver Corporation is a Canada-based company, which is engaged in the exploration, development, and operation of natural resource properties. The Company’s development properties are the Revenue-Virginius mine (the Revenue-Virginius mine or Ouray), located in Ouray Colorado and held through the Company’s 100% owned United States subsidiary, Ouray Silver Mines, Inc. (OSMI) and the... see more

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TSXV:AUN.H - Post Discussion

Aurcana Silver Corp > weak

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Post by Aussie0203 on Jul 07, 2020 12:29pm

weak

no comments here? Why is so weak ??

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Comment by lumpy13 on Jul 07, 2020 2:21pm

My guess is the delay in putting the financing togethter. It's still not done and they probably won't meet their timeline in putting the mine into operation.

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Comment by TechOne on Jul 08, 2020 1:46am

I don't know if they can do this but they can call in the warrants and options for earler exercise .. That will get them enough money to get going.. But who knows..

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Comment by demaule on Jul 08, 2020 5:53pm

I'm putting the delay in financing down to covid-19. As noted in the recent presentation it is difficult to get potential investors to the site for due dilligence...even the ceo can't get there. I doubt much will happen until pandemic restrictions are eased. Meanwhile, if there are 40+ people on site the burn rate must be enormous...never mind financing for production, I'm worried ...more

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Aurcana Silver Corp