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

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

TSXV:AUN.H - Post Discussion

Aurcana Silver Corp > Potential investor
View:
Post by perky416 on Jan 20, 2021 3:36pm

Potential investor

Hi guys. Thinking of investing here however after briefly scrolling through the companies news releases i saw fund raising after find raising so it got me a little concerned about the anmount of dilution. Could somebody please give me an overview? Also i read about a 5-1 reverse split but couldnt see it in the news releases. Does anybody have any details? Thanks
Comment by uudamann on Jan 20, 2021 4:40pm
There has been 5:1 reverse split (1998). There has been no production at this 140 yr old Revenue silver mine for 120 years. If the grades are so great as claimed then why not? Silver rode high 1975-85 and millions at that time were invested in exploratory drilling of the Revenue-Virginius silver mine. But everyone walked away. Of added concern is that the major shareholder may have an undisputed ...more  
Comment by uudamann on Jan 20, 2021 4:48pm
CORRECTION: Reverse split took place in 2018.  5:1
Comment by NinetyFourOctan on Jan 20, 2021 10:17pm
Looks like our favourite short seller is back trash talking the RV mine as usual. I guess they are still hoping for Aurcana SP to drop back so they can recoup their losses since March 2020. Well as long as silver prices hold up or even better keep rising to $40/oz by the end of 2021 as predicted you won't be able to stop AUN from going up. At 96c/sh we are at bargain basement price. Should be ...more  
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