....about the delayed resource report. My experience with other companies that delay important reports, is they are covering up problems. I guess I have too many shares and I need to sell a few to sleep at night. Your thoughts? TIA.
AUN has always reported as late as possible; I know this a resource update but they have never been in a rush, nonetheless, nothing to be worried about.GL longs
The delay in the resource estimate does not concern me much. What does concern me is that commercial production at Shafter might be delayed. The 7/11 press release (http://finance.yahoo.com/news/aurcana-reports-record-silver-production-130000088.html) stated "Ramp-up expected to be completed later this month, July, 2012." here we are at the end of the month and no commercial production yet.
I'm not concerned. With Shafter just getting up, it's natural that there might be some issues. I'm long, and I'd be longer if it weren't for the high float. Compared to HL, AG, EXK, for example, it's way higher. I'd love to hear a good argument, though, for why the high float shouldn't matter?Bento
the high float matters, but so does the growing stream of revenuethey could consider a reverse split, those don't always end badly, they don't always end up that great either, CDE did one that seemed to go wellwe got pretty decent management here too, that's worth a lot, not that many silver miners in North America with decent management teams