Sorrrryyy, Senor! You was jus off by a buck tirdy eight. Senor Slowpoke Rodriguez has scrooode you again! But, gringgoo, he NOT a slowpoke to take your money away, ehhh???? ahaahahahahahahaaaaaaa!!!
there are no buyers on the horizon. the only good news is that at six cents, lenic cannot pull almost a million dollars from this cadaver. The guy is a disgrace of a ceo
This guy has a track record that has to be worse than Rodriguez. Out of the last 3 companies he worked for, only the oldest has the same name (Kinross). From there he went to Glencairn which was acquired by Black Hawk Mining, a company he used to work for. Due to inappropriate strip mining for the area, they were at risk of causing millions of dollars' worth of environmental damage and asked to cease operations which they did and abandoned the mine. No clean up was done as far as I can tell. The name was changed to Central Sun Mining after a 1 for 7 reverse split (sound familiar?) Then he went to Gold Hawk Mining and took the stock price from .50 to .03. The name was changed to Oracle Mining and it now mines copper and is at .10. You know what? This sounds like a bunch of good old boys living it up on the suckers' dimes (and they did, you can be sure). As for me, I have had it with miners. I'm selling and will never buy another. Lesson learned.
You should look at the detailed report link in the PR, it give a better picture of their assets. They still have around 125 million dollars in assets. This isn't one of those small companies trying create revenue, they have revenue and are working to return to profit. That's why I will stick with this stock.
Nil Von Ferson resigns oct 31th and his company gets hired nov 1st. he get severance pay. and they charge 100/hr. upto 8hrs /day. this is the exploration vice president. don't you wonder where he was on the shafter deal?
Sadek El Affy he resigns and his company is hired and gets 300,000.00 . they wasn't getting enough and it looks like they are running to the hills so they can't get sued while taking the money.
yes it looks like they are a bunch of good old boys reaping the money and leaving he shareholder with nothing very soon. not seeing a lot of positive till we get a new team at the top. jmho
I think you are overreacting, they had revenue of 45 million dollars in 2013, not bad!! As of Sept 2013 they had net assets of over 159 million. They are not going bankrupt, they are just temporarily ready cash short in my opinion... We will see who is right...
He had a few statements to the press while in cuffs: " I told them we were gonna be a senior silver producer in two years; that was a year ago. the chumps bought every word, but I made 9 million dollars. That blind kid is lying so badly, somebody ought to fire him. I am lenic Rodrigues of Aurcana, and we are gonna be a senior silver producer in about a year and a half......that blind kid is lying. he put the change in my pocket and I did not put it there and the video is totally inaccurate. I am Lenic Rodrigues, of Aurcana and we are gonna be a senior silver producer here, and all my shareholders bought this load of baloney, and I hope you do too......"
many worries. Not exactly a top guy like a bradford cook, head dude maybe 50 at exk, or the guy at AG, also about 50 or so. Anybody who has 40 plus years in the industry must be approaching 70, and that is like getting a 38 year old QB...or 35 year old shortstop............better than a thief but still a bad thing. A LOT OF 70 year olds cannot drive a machine, responsibly........
just remember after the r.s. it has to get to 6.80/sh to be even. i think we have been had with management making the bucks and investors paying them . the shafter mine was a big big joke. how could they be that far off that survey? we have been had.
I still say the company will recover because they do have decent revenue. The report show a big loss big it is a one time hit and they turn the company around but it will take a few quarters......
Sentiment: Strong Buy
Lenny needed the votes to save his job that's why.The cash for pp will pay his wages,for him life is good.
what about this $5 million bridge loan that the ceo's company give arcana for 1.25%/month and 1,000,000 warrants . to tide us over till they got a $50,000 loan? am i reading this right? really?
i hope they get all they want before it goes bankrupt. what a bunch of crooks. hope they get voted out .
lenic's video shows me how he can look you in the face and take your money all the while lying to you.
the good old boys . jmho
I'd like to know what are the chances of shareholders demanding a reverse stock split - 1 for 10 or so to make it a bit more likely to come out even? Can't that be done with enough voters?