yeah, lenny did a number on this company,
there are lot of cheap miners out there that are making money
You shouldn't feel trapped in this stock, give yourself the right to explore alternatives if you hate this stock.
If you want to stay in Mexico there SHVLF, it's nearby to Aurcana's mine, even in the same Mexican state, it trades for about 20 cents, and they have talked about paying a dividend
There's PZG, it has two big projects, one in Chihuahua Mexico, the other in Nevada, trades for about a buck, has decent management, it's a bit speculative as it's not producing yet
Lot of cheap gold juniors in Canada
One of my favorites is STADF, it mines over 80k Au ounces annually out of the Red Lake mining district, it has a very large land package right next to what used to be Brigus gold, now it's part of PPP, and who knows, maybe PPP will buy STADF, that one is growing like a weed
Or there's MEAOF, Metanor, it mines about 50k Au oz annually out of Quebec, they also got a big project that will worth a lot if gold prices keep rising, it trades for under 15 cents
There's Claude Resources, CLGRF, another Canadian gold junior, it trades for about 25 cents, it is a turnaround story, mines about 50k Au oz annually, but it has been doing better recently, they got a new CEO not long ago, and they have been doing better ever since
My speculative favorite is CANARC Resources, CRCUF, it has some great properties it's trying to develop, it isn't mining anything presently, but they got great management, the Chairman is Bradford Cooke, he's like the total opposite of Lenny, he's got integrity and the "vision-thing", and that one trades in the 8 cent range
I was in this stock for a while, but I bailed long ago, thankfully, the biggest risk in this sector is bad management risk, maybe this one will do better now that you got a new CEO, certainly hope so.
There are others too, like San Gold, SGRCF, Elgin Mining, ELGMF, etc., lots of others too that I don't follow.