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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 > Another upward drift prior to the release.
View:
Post by Shermandrock1 on Mar 21, 2022 8:18pm

Another upward drift prior to the release.

Imagine that.
Comment by Lifexprt on Mar 21, 2022 8:25pm
I don't find this release positive in any way. Maybe I am missing something but they need additional capital to get the mine restarted after saying they were fully funded after the last raise of $6 a month ago.
Comment by Lifexprt on Mar 21, 2022 9:26pm
Gave it another read. Couple points. This is dated December 31 so we are on track for Alimak June completion, verified by an outside consultant. Mercuria must also have hope for this to succeed otherwise they wouldn't agree to delay repayments. The bad is $25 million in new funding as per loan covenant, not sure where this would be coming from, potentially streaming, otherwise it will be ...more  
Comment by andre171 on Mar 22, 2022 7:24am
Isn't the publication of this feasibility study (dated last December 31) a legal or commercial obligation? I see little other use for it since the exploitation of the mine has begun!
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