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Aurcana Corporation Message Board

  • mirzaotovic mirzaotovic Jun 23, 2012 9:19 AM Flag

    Catalyst for AUNFF

    End of Q2 just a week away. Q2 earnings mid July

    This should be the catalyst that propels AUNFF past $1.09 and take it up to at least $1.35 to $1.50 range

    I'm buying on market and silver weakness over the next 5-7 days.
    Silver weakness should provide for some very good and cheaper entry points

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    • Not sure the earnings will be released in mid July, mid August is probably closer. Not much production from Shafter in 2Q to affect earnings that much. Now if you were talking 3Q, then I think it will have a bigger impact. I would be happy to reach the $1.20s in the next 2 months. It looks like we have formed a good base in the .90s. Any good news will hopefully jump us up to the $1.20s.

      Jafa

      • 2 Replies to jafa2001
      • Not sure the earnings will be released in mid July, mid August is probably closer. Not much production from Shafter in 2Q to affect earnings that much. Now if you were talking 3Q, then I think it will have a bigger impact. I would be happy to reach the $1.20s in the next 2 months. It looks like we have formed a good base in the .90s. Any good news will hopefully jump us up to the $1.20s.

        Jafa

        Hi Jafa,

        The expansion at LN to 2,200 tpd has been accomplished and record profits from LN are a certainty.The upgrade from 2,000 tpd has been in place over two months or most of Q2.

        I agree that the production from Shafter will be less than desired with lower grades at the present time being milled,however,with LN and Shafter both running now and record production being achieved with every week that goes by the Q2 numbers will surprise,IMO.

        Lenic is on record(at the AGM) as stating the two plants should be running at 6.5 million oz Ag Eq from July 1st onwards.

        There is also the revised 43-101 on LN that was a quadruple over the original resource and that was some weeks ago now with major drilling going on there every day.

      • Susie Q:How hot is your body?

 
AUNFF
0.5629-0.0055(-0.97%)Jul 23 1:31 PMEDT

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