/biz/ - Business & Finance

>>25636415
>>25638134
>>25639406

See my posts in the previous thread about Aurcana. Have been warning about it for months.

Summary: AUN ruined their shareholders a few years ago in a despicable way, reducing the stock price by 75%. Management is the same. Sprott shunned them then and still shuns them now. They also didn't communicate with their shareholders for years. The deposit is small (only 30 million ounces). Compare with Nicola Mining. "As far as I know, Aurcana has 30 million ounces, but so does Nicola Mining. The Nicola Mining mcap is only 1/7th the size of that of Aurcana. Treasure Mountain silver mine is permitted, and Nicola has a permitted mill; they can also process feedstock from other gold companies rather than dilute their shareholders." Also: "One stock which everybody agrees does have a good management team is BSR, run by the prestigious Lundin family, which is why I said that it is a good alternative to Aurcana. They are a near-term producer of an equivalent mcap, and BSR has also found really high silver grades. Although BSR, which used to be cheaper than Aurcana, is now 15% higher, so the "equivalent mcap" is becoming less and less true as time goes on."

>>25636415
>>25638134
>>25639406

See my posts in the previous thread about Aurcana. Have been warning about it for months.

"Silver anon here. I have been warning about Aurcana constantly in these threads, for months on end. Have got into countless arguments about it with many different people. Usually, the same people who love Aurcana are the ones who also hate Bayhorse, strangely enough. I have pointed out time and time again the horrible record of that company, and advised people to go with Bluestone Resources as a near-term producer instead. I have pointed out that AUN ruined their shareholders before with the Ouray Disaster, cutting the share price by 75%, and that they didn't communicate with their shareholders for years on end."

"Forgot to mention also the fact that Sprott still shuns them. Also there is the consideration that AUN doesn't have a very large deposit. It is high grade, but not very large. I'm not even sure how many square km of land they own."

"One stock which everybody agrees does have a good management team is BSR, run by the prestigious Lundin family, which is why I said that it is a good alternative to Aurcana. They are a near-term producer of an equivalent mcap, and BSR has also found really high silver grades. Although BSR, which used to be cheaper than Aurcana, is now 15% higher, so the "equivalent mcap" is becoming less and less true as time goes on."

"Also, it just occurred to me, why would somebody choose Aurcana over Nicola Mining? As far as I know, Aurcana has 30 million ounces, but so does Nicola Mining. And yet the Nicola Mining mcap is only 1/7th the size of that of Aurcana. Treasure Mountain silver mine is permitted, and Nicola has a permitted mill; they can also process feedstock from other gold companies rather than dilute their shareholders."

>>25632420
>>25629866
>>25631374
>>25631925

Forgot to include picture. Before Vangold went up, used to tell people to buy Vangold instead of AUN.