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Aurcana Corporation Message Board

divyguy 423 posts  |  Last Activity: Jul 30, 2014 4:16 PM Member since: Apr 1, 2009
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  • Reply to

    Recent AG stock action speaks volumes

    by slf26598 Jul 29, 2014 2:59 PM
    divyguy divyguy Jul 30, 2014 4:16 PM Flag

    Totally agree.

    Sentiment: Strong Buy

  • divyguy by divyguy Feb 11, 2014 5:55 PM Flag

    Up over 18% in the past two days with silver flat... not bad. I can only guess that this is a correction to normal valuations after the overreaction to the Shafter shutdown. That combined with a delayed reaction to the silver production guidance for this year that company released last week. Silver spot better play catch up soon though... the Gold/Silver ratio increasing is never a good thing. We need a break through $21 asap.

    Sentiment: Hold

  • Reply to

    American Bulls!

    by colelittle96 Jul 13, 2013 7:19 PM
    divyguy divyguy Jul 23, 2013 12:11 PM Flag

    and climbing... $2.44 that's up 120% from the bottom in just a few weeks!

  • divyguy by divyguy Jul 23, 2013 11:07 AM Flag

    Thanks to my $1.13 purchase I am back in black as of today when we hit $2.31. I'm surprised how fast that happened - this is going up faster than it went down... I never see that!

    Sentiment: Hold

  • divyguy divyguy Jun 28, 2013 12:44 PM Flag

    I agree with a lot of what you said, except I think you will make a lot more in the miners when silver turns around. I own a lot of the physical, but if we go much lower than $18 you are just going to paying a higher premium on the physical, the discounts will be in the miners. I am NOT saying you shouldn't buy physical on a gap down, but I AM saying the better bargains will be in the equities. This all of course based on the premise that we have QE inifinity and silver soars to new highs after the healthy flush out of speculative money.

    Sentiment: Strong Buy

  • Reply to

    terms of the new $50M loan facility?

    by clubfoolish Jun 28, 2013 11:38 AM
    divyguy divyguy Jun 28, 2013 12:38 PM Flag

    I agree... lows could be in and I am glad I bought yesterday at 1.13, but if it goes lower (probably based on lower PM prices) I will buy some more. I don't know of a cheaper stock in the industry, though their are quite a few out there...

    Sentiment: Strong Buy

  • Reply to

    almost to .01 cents...should be there Friday.

    by dmmachala Jun 27, 2013 7:45 PM
    divyguy divyguy Jun 28, 2013 12:36 PM Flag

    or .10, but who cares if you are off by 900%. Well, actually you are off by 90,000% since you said .01 cent instead of 1 cent ($.01). You will get you get your money back so long as you don't get sucked in the short sellers hype now. Lesson is don't get suckered into hype on the way or the way down. Right the hype on the downside is just the opposite (but similar magnitude) as the hype when this thing was over $1.20 pre split. GLTA.

    Sentiment: Buy

  • Reply to

    Could finally be up tomorrow

    by divyguy Jun 27, 2013 11:11 PM
    divyguy divyguy Jun 27, 2013 11:13 PM Flag

    I bought a little more today at 1.13... I still think it will be go down further, probably under 1.00. That is why I am saving up to buy more when Gold goes to 1150s, and then more if it hits 1050s. That will be my last purchase. This is all assuming that nothing with the company has changed. We have to realize that we are right now in the midst of a technical free-fall. A 66m market cap today - this company is being priced as if silver is going to $8 and Aurcana is going bankrupt. If you think this will happen then I cannot blame you for selling or being short. But is you disagree with this and think silver will be higher a year from now you should not be selling (IMO). Once it finds some footing it will go up just as fast, if not faster, than it went down.

    Aurcana is producing at a running rate of 4 million ounces of silver and that should increase to 6-7 by year end. If you are a believer in silver making a turn around, which I obviously am, tell me a silver company that is poised to make you more than Aurcana? When this company is producing at a running rate of 10 million ounces in 2015 and silver is well over $30, this company will be a senior silver producer with a market cap of over 1 billion dollars. If you have time horizon of 2 years or more, this stock is the easiest 15+ bagger in the market. ABSOLUTELY NOTHING anyone has said on this board gives a justification for the share price. People can stop complaining about Lenic, his salary, the reverse split, warrant issues, etc. Lenic has taken Aurcana from an explorer to a mid-tier producer and has also seen his net worth plummet with the price of the stock (he owns about 3% of the company).

    Sentiment: Buy

  • divyguy divyguy Jun 27, 2013 11:12 PM Flag

    OUCH, you must have just shorted this...

  • Really glad they were able to get money without an offering. This should be seen a positive news and since we have seen an influx of short sellers coming to the board, a short squeeze could happen with any positive news... I bought some more today at 1.13, and plan on adding if gold goes to 1150 and then again if gold goes to 1050. Patience will pay off on this one... The more naysayers we get on this board claiming Lenic and the company as a fraud, the sooner I bet the turnaround is in our future...

    Sentiment: Buy

  • Reply to

    It's a shell ..not a real company.

    by jackscure Jun 24, 2013 11:47 PM
    divyguy divyguy Jun 25, 2013 11:43 AM Flag

    If you think it is a shell company, why would you still hold it? I understand your frustration as I have lost a lot of money in this name as well, but I think sometimes there is disconnect between the market and reality. It will last longer I am sure, but it will not last forever.

    Sentiment: Hold

  • Reply to

    It's a shell ..not a real company.

    by jackscure Jun 24, 2013 11:47 PM
    divyguy divyguy Jun 25, 2013 11:40 AM Flag

    I completely agree with you lilnev2000. People deal with losing money differently... Most people like point the finger at someone else or make up some reason for the loss that was out of their control. This is painful, but I am not selling - I do not think this is a shell company. I think it is a victim of a series of unforeseen untimely events. Nobody knew that the spot price was going to tank, and if silver was still the low 30s, we wouldn't be talking or complain about the ridiculous share prices we are seeing in silver stocks. 3-5 years from now normal hardworking middle-class people will become rich early retirees because they were not scared of these ridiculous prices, but instead saw them as the opportunity of a lifetime. I think Aurcana will go lower until silver turns around, and I am not smart enough to know when that will be. But since I am confident that silver will make an epic comeback eventually and Aurcana will be higher because of it, I am not going to sell. I refuse to alienate my thesis - and the price of Aurcana's stock will not affect my thesis (no matter how low it goes).

    Sentiment: Hold

  • divyguy by divyguy Jun 24, 2013 11:45 AM Flag

    What sucks is that there is absolutely no support. We are in a technical free fall that is not based on fundamentals. Without a positive influx of news or a rally in the price of silver, I don't see this thing stopping or slowing down. In fact, I could see it drop over 20% in a day. I am still long, but of course I wish the haters had a more convincing argument and had forced me to sell a while back. I know the moment I sell now, the company will be bought out for 60-80% premium the next day. This stock used to be one of my largest holdings and now is it one of my smallest thanks to the poor performance. We need something to happen quickly before we become a penny stock again. If you would have told me that thing was trading in the 1.50s a year ago... I would have said that sounds about right... Just not after a 8 for 1 reverse split!!!

    Sentiment: Hold

  • went from .50 to .60 today. Expect crazy swings like this in the short term. We would need another up day tomorrow for it to mean anything.

  • I'm afraid if .66-.67 doesn't hold it will be another 5-6 cent drop to the low 60s where there is more support.

    Sentiment: Hold

  • Reply to

    92.7% - big boys like it.

    by tigato22 Mar 28, 2013 2:57 PM
    divyguy divyguy Mar 29, 2013 12:14 PM Flag

    I think AUNFF is undervalued enough that it could prove a better investment. Lenic and the company believe that silver is going to be much higher in the future, so why put all extra cash into increasing reserves or mine output. When silver is back over $35-40 then talk they will have plenty of cash to expand as much as they want. I am not saying that they shouldn't be increasing reserves or mine output now, but I am saying that a % of the cash should be put to a share buyback that would give the stock support when silver prices are low (while lowering shares outstanding like they want to) AND prove to be a great investment when silver turns up. It will also make shareholders more likely to approve an offering down the road when AUNFF is much higher if a friendly acquisition reared its head. Lenic could say we will make an offering which represents half of shares we bought back when we were trading under $5.00 (post RS split). They could do this we the stock is over $10 and silver is over $40. So, lilnev2000 isn't it possible to do both? It would only take a fraction of the cash to provide support for this stock considering its low market cap. I would buy a lot more shares at .67 if I knew the company was buying shares back if it went any lower!

    Sentiment: Hold

  • Reply to

    Reverse Split Approved

    by divyguy Mar 28, 2013 2:48 PM
    divyguy divyguy Mar 28, 2013 2:49 PM Flag

    Sorry, 92.7% not 97%

  • Mixed feelings about the timing of it, but the 97% approval makes me believe that large investors believe there will be more price appreciation if we have a $5 stock. Unfortunately, we will never be able to compare the two...

    Sentiment: Hold

  • Reply to

    Question

    by gtcochran Mar 20, 2013 11:29 PM
    divyguy divyguy Mar 27, 2013 4:39 PM Flag

    Lenic has done a great job and I have been in this stock for over two years. And have lost money, because my cost-basis is .72 and it is currently at .68. I'm okay with that because I know it won't last once silver prices head north again... just wish I had more capital to buy more under .70

    Sentiment: Buy

  • Reply to

    Question

    by gtcochran Mar 20, 2013 11:29 PM
    divyguy divyguy Mar 27, 2013 4:36 PM Flag

    I agree with you lilnev2000... gtcochran just needs someone to blame for his investment losing money. have some patience... this stock is a buy at .68 with silver current at $28.71

    Sentiment: Buy

AUNFF
0.381-0.039(-9.37%)Sep 17 3:59 PMEDT

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