Thu, Sep 18, 2014, 9:42 AM EDT - U.S. Markets close in 6 hrs 18 mins

Recent

% | $
Quotes you view appear here for quick access.

Aurcana Corporation Message Board

  • bento_prestes bento_prestes Sep 24, 2012 6:05 PM Flag

    Theories explaining recent move

    Anyone have any information or ideas about why Aurcana's been moving on so much volume lately?

    Thanks in advance.

    Bento

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • under promise, over deliver...

      Sentiment: Strong Buy

      • 1 Reply to ezechiel7
      • As an underfollowed Pink Sheet company Aurcana is not very well covered by the analyst community.
        Frequently it takes weeks or months for information and decisions to be made by the investment community.
        Lenic has not been the most effective communicator for the company (but a great operator and strategist).
        The NW trend is going to update some more impressive resources on top of the NE trend. (remember discussions earlier on the high grade and 500 + meters depth of the Valenciana ore body)
        The new block that was purchased south of the mine has some preliminary drill holes by the prior owner with 600 gram hits (potential there).

        " Aurcana and analysts noted that the latest update, comprising 13 skarn deposits at La Negra, did not include...... some 15 other deposits in the northwest La Negra trend where silver grades tend to be higher. In a note to clients, Post reckoned a resource for these would be out in the first quarter 2013.

        If Aurcana - busy ramping up its Shafter silver mine in Texas - wasn't yet laying down new mining plans at La Negra, the implication of a 27 million tonne resource with 115 million ounces silver was clear. Assuming Aurcana mines all or most of the ounces at the current 2,500 tonnes per day, it could run La Negra for some 30-odd years.

        More probable though, as Rodriguez intimated, Aurcana will at some point expand La Negra to take advantage of the added resources. Post, at Roth Capital Partners, expected Aurcana would turn the focus back on La Negra in 2013 with an eye to expansion after it brings the Shafter mine to production."

 
AUNFF
0.3810.000(0.00%)Sep 17 3:59 PMEDT

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.