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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 > Getting closer to .15
View:
Post by twpt on Apr 08, 2022 7:58am

Getting closer to .15

I like my bid there. Most have given up on this stock. When the announcement of how much shareholders got screwed to finance will be more selling and give silver a chance to tank and thats where we end up, maybe lower. 

P.S. Look for a reverse split after the above carnage.
Comment by Spankie on Apr 08, 2022 8:39am
I dont agree with all the negativity. But do think that my initial thoughts of it being a near / mid term investment were incorrect. I do just think it was really bad luck and initially when they did the financing they should have planned for a signifigantly larger amount of funding. But I imagine that they didnt want to further dilute and that was a nice thought if it would have worked out. But ...more  
Comment by deet on Apr 08, 2022 8:58am
Wow...I never thought the company had financial worries when I took a small position in this play last year. There was rock movement....and management said they'd get it fixed by this spring. The mine has amazing grades...and the stock was a screaming buy...or so I thought....after it tumbled from the dollar range into the 40s. You guys make it sound like the company is finished.
Comment by Spankie on Apr 08, 2022 9:06am
I dont mean to imply that the companies going under. This is all just starting to look very familiar to the fiasco in mexico.  
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