Aurcana Corporation - Silber-Kupfer-Zinc Company vor Förderbeginn - 500 Beiträge pro Seite

[Maigret]

Shares Outstanding 69,1 Mio + 5,1 Options Warrants
Kaufkurs am 25.08 0,60 CAD
Marketcap Fully Dilluted ca. 45 Mio CAD

Aurcana (Kürzel an der TSX AUN) Main Asset sind 80% der La Negra silver-copper-zinc-lead Mine in Mexiko.

Die Mine hat folgende historische Reserven (basierend auf Ermittlungen aus dem Jahr 2000, noch nicht nach N43-101
Standard):

1,2 ´Millionen Tonnen mit je
Silber 160 g/T
Zinc 2,83%/T
Kupfer 0,94%/T
Blei 0,91%/T

Nach derzeitigen Marktpreisen bei 80% ein in-situ Value von ca. 260 Mio CAD. Das weitere Explorationspotential soll gut sein.

Die nötige Infrastruktur + Mine wurde bei dem Erwerb Anfang des Jahres gleich mitübernommen und ist nach neuesten News
Anfang August in einem guten Zustand, so dass im 4.Quartal ohne weitere Finanzierung/Dillution mit der Förderung begonnen werden kann.

Die Mine hat eine Kapazität von 1000 Tonnen pro Tag. Bei maximaler Förderung würde das einen Umsatz von 75 Mio CAD p.a. bedeuten und eine Minenlaufzeit von min. 3,5 Jahren bei den o.g. Reserven.
Nach Abzug der Förderkosten dürfte der operative Cash-Flow pro Jahr etwa in Höhe der aktuellen Marketcap liegen.
Zu ähnlichem Ergebnis kommen auch die Recherchen des Resource Investors (Artikel vom Mai 2006 im nächsten Posting),
die den Cash Flow/a bei 50 Cent je Aktie sehen.

La Negra ist definitiv ein "Company Maker". Auch wenn ich die 5 CAD pro Aktie die der Resource Investor in seinem
Artikel erwähnt noch in weiter Ferne sehe, sollte eine Produktionsaufnahme und positiver Cash Flow in den Büchern für
mindestens eine Kursverdoppelung in den nächsten Monaten gut sein.

Nach dem Aurcana Anfang des Jahres raketenartig von 5 Cent auf 70 Cent ging, gab es in den letzten Monaten
mehr oder weniger eine Seitwärtsbewegung.
Die beiden letzten News im August, die Verpflichtung einer Investor Relations Company (die Homepage hat das auch bitter
nötig) und der positive Bericht über die operativen Fortschritte könnten der Auftakt für eine neue Rally gewesen sein.

Ich habe mir eigentlich zu guten Vorsatz genommen nicht mehr in Mittel-, Südamerika zu investieren.
Aber die Mexikaner haben ja gerade konservativ gewählt…..

Fazit : Strong Buy !!!


P.S. Es gibt weitere kleinere Geschichten in Mexiko über die man aber m.E. im jetzigen Stadium den Mantel des Schweigens hüllen kann.
Ansonsten gilt natürlich: alle Angaben ohne Gewähr !

[Maigret]

Antwort auf Beitrag Nr.: 23.630.622 von Maigret am 27.08.06 07:47:55

http://www.stockhouse.ca/blogs.asp?page=viewpost&blogID=169&…

Near Term Silver Producer -keep on radar-

Near-Term Mexican Silver Producer Is Still on the Bargain Counter
By David J. DesLauriers
31 May 2006 at 01:35 PM EDT

TORONTO (ResourceInvestor.com) -- In early March, your correspondent published a well-followed story on Aurcana Corporation [TSXv:AUN], which at the time was trading at 25 cents.

We said then that AUN “is one of those rare, compelling stories that comes along every so often, and can boast a risk/reward ratio heavily skewed in favour of the latter.”


The crux of this story is the cash flow - and Aurcana’s current low multiple. Since our piece was published, AUN has completed the acquisition of the La Negra mine, and is on track to begin production in Q4 of this year. Previously your correspondent had conservatively estimated that production from the mine would come online in Q1 ’07.

On Time

As we stated last time “Reyna, if you are wondering, is a well-known Mexican firm that has built a dozen mines just like La Negra. What Aurcana has managed to do is find a partner that has huge connections, relationships and access to mining equipment which is scarce at present, and who will be ‘incentivized’ to bring the mine to production, on budget, and on time, because they will reap the benefit in the form of 20% of total project cash flow. This is a huge competitive advantage for AUN.”

Things are unfolding exactly as planned in this regard - and be assured that the competitive advantage is a big one.

Further, with the announcement last week that the acceleration clause is being activated on the exercise of all of the in-the-money warrants from the 20 cents financing, Aurcana will be fully cashed up to complete the job in one month’s time.

More Cash Flow

In the March article we concluded “La Negra is a company maker, and the cash flow that the mine will generate should justify a valuation on Aurcana at a multiple of that which the company commands today. The added bonus will come as more exciting silver assets are spun into AUN, adding further value, and leverage.”

“Where else can you find a near-term silver producer trading at 1 times cash flow?”

While Aurcana is trading closer to 50 cents today, our previous estimate of 15 to 20 cebts per share of cash flow would appear to be on the low-side. Considering higher commodity prices and a boost in production capacity, cash flow actually now works out to about 50 cents per share!

Of course as production is still a few months away, investors should discount that back and use some more conservative numbers, but even still Aurcana’s La Negra is clearly going to pump out an outrageous amount of cash - that much is algebraically demonstrable.

Conclusion

Since our last article, the Aurcana story has become yet more positive for the following reasons:

The company has completed the acquisition and is now securing all of the dollars needed to keep everything going on time and without further dilution, adding certainty;
Production is going to come online sooner than expected;
It would appear that the company may immediately boost mill capacity by 25% over the estimates used in the previous article, increasing cash flow by selfsame amount, and;
Commodity prices have risen.
As well, the company continues to prowl for accretive silver acquisitions, and as it looks at La Negra, updated reserve numbers could well surprise the market to the upside.

All in all, with our new estimate of much higher cash flow per share depending on the commodity price used, there is good reason to believe that Aurcana will be anywhere from a C$2 per share stock to a C$5+ stock depending on the multiple that they can achieve. Considering that Ken Booth is going to add silver to this vehicle (favours a higher multiple) with new acquisitions, and that he has been on the investment banking side of the street and understands the market, I wouldn’t want to bet against the higher number.

For those reasons it would appear that Aurcana today might well be a more compelling buy than it was when we first introduced it to readers.

[Maigret]

Antwort auf Beitrag Nr.: 23.630.628 von Maigret am 27.08.06 07:48:53

In Canada werden 0,78 bezahlt. +30% in gut einer Woche.
Kein schlechter Einstand

[Maigret]

Bin letzte Woche kurzfristig bei 0.73 raus und in Skeena rein. Ich denke im derzeitigen Umfeld sind noch mal 20-30% nach unten drin. Spätestens da werde ich wieder einsammeln

[Maigret]

So. Der Rückgang kam wie erwartet.
Werde die nächsten Tage wieder erste Positionen aufbauen.

1) Charttechnisch sieht es nach einem schönen W aus.

2) Meldung dass mit dem Mining gestartet wurde ging raus

3) Aurcana profitiert in besonderem Maße von dem Industriemetallpreisanstieg der letzten Wochen. Da AUN in erster Linie als Silbercompany wahrgenommen wird, ist dies in den Kursen überhaupt nicht verarbeitet. Nur ca. 20% der Förderung ist aber tats. Silber, der Rest Zink, Kupfer, Blei.

Zu aktuellen Rohstoffpreisen ein Umsatz bei voller Förderung von 1000t/day von ca. 100 Mio CAD pro Jahr -> Marketcap immer noch bei knapp 50 Mio CAD !!

[Maigret]

Antwort auf Beitrag Nr.: 24.796.763 von Maigret am 23.10.06 12:36:28

Prima. Ausbruch ist wie erwartet da. Gestern +18%. Ich denke wir stoßen die nächsten Tage in den Bereich des ATH um die 80 Cent vor.

[Maigret]

Kopie aus einem Stockhouse Beitrag mit Link auf eine Gold Newsletter Empfehlung:

The prestigious Gold Newsletter, in a recent article on AUN, have compared AUN to Endevour Silver ( T.EDR.......$4.30 /45 million shares ) and its Santa Cruz mine and mill in Mexico........
http://www.aurcana.com/PDF/GNL_Aurcana1006.pdf

EDR will produce about 1.5 million oz this year and is expected to increase production in 2007, although the exact level is uncertain as they have fallen short of 2006 target of 2 million oz.

In its last Quarter it had gross sales of $4.7 million US and a cash flow of $3.2m US.

AUN 's initial production will be in the 1.25 to 1.5 million oz per year.
At Q2/06 prices..for comparision with EDR... AUN's gross revenues would have been near $10 million or nearly double that of EDR, due to AUN's substantial polymetallic credits.

EDR's market cap is nearly $200 million.
AUN's market cap is about $50 million or a factor of 4 lower than EDR.

This is another illustration of the fact that AUN is very much undervalued and a share price of $3 per share is quite a reasonable target share price for 2007.

[Dere]

Gruß
Dere

[Maigret]

Antwort auf Beitrag Nr.: 25.355.587 von Dere am 13.11.06 10:46:12

Das Baby läuft. 0.75 CAD


Aurcana orders new mining equipment for La Negra


2006-11-17 15:55 ET - News Release

Mr. Ken Booth reports

AURCANA CORPORATION: NEW MINING EQUIPMENT FOR LA NEGRA-VENDOR FINANCING ARRANGED

Aurcana Corp. has ordered new mining equipment from Atlas Copco and the equipment is currently in transit to the La Negra mine. In addition, Wardrop Engineering Inc. has been engaged to commence an audit of several zones at the La Negra mine in Queratero state, Mexico.

Mining equipment

Atlas Copco, of Sweden, has sent a Simba production drill, a 3.5-cubic-yard load, haul and discharge (LHD), a single boom jumbo drill, and a Diamec 232 diamond drill to the La Negra mine. The Simba drill will be used underground and can drill three-inch-diameter holes up to 40 metres that will allow for long-hole open stope mining. The 3.5-cubic-yard LHD will be used to move broken ore from stopes to ore passes to be discharged to the 2,000-metre main haulage level. The single boom jumbo will be used for development and the Diamec diamond drill will be used for both exploration and development. The new, highly efficient mining equipment will enable the La Negra mine to recommence operations in the first quarter of 2007. Atlas Copco has provided a 90-per-cent vendor financing of $1.3-million (U.S.) for the equipment, of which Aurcana is the guarantor.

La Negra 43-101 report

Wardrop Engineering has been engaged to commence an audit of historical reserves on several zones at the La Negra mine. Wardrop will review three zones and will evaluate the zones for silver, zinc, copper and lead as to grade, tonnage and metal values. The zones to be audited by Wardrop were developed by Servicios Industriales Penoles S.A. de C.V. prior to Penoles putting the La Negra mine on care and maintenance in 2000, due to low metal prices. These zones will be the focus of Aurcana's work at La Negra in 2007.

La Negra update

Aurcana is also pleased to provide an update on progress at the La Negra mine. Approximately 7,000 tonnes of ore has now been stockpiled outside the 2,000 main haulage level and, by the end of this year, the stockpile is expected to reach approximately 50,000 tonnes. This material will be used to restart the 1,000-tonne-per-day mill. The reader should be cautioned the company has not completed a feasibility study confirming the projected production capacity and there is no certainty the company's plans will be economically viable.

The entire three-stage crushing circuit has been refurbished and the ball mill is fully operational. New floatation tanks have been delivered and are in the process of being installed. Foundations for new 30-metre-diameter thickener tanks for both copper and zinc are being constructed, and, with the arrival of steel at the mine, the tanks will be fabricated and installed shortly. The progress to date at the La Negra mine has been proceeding very well and is a credit to Aurcana's partner, Reyna Mining and Engineering, which is overseeing the refurbishment of the mine.

We seek Safe Harbor.

[Maigret]

RI-Update
"Beyond that, a 6-12 month target of C$3 to C$5 seems perfectly reasonable"

Last Chance to Board Mexican Silver Producer Geared for Lift-Off
By David J. DesLauriers
20 Nov 2006 at 07:21 PM EST


TORONTO (ResourceInvestor.com) -- Aurcana Corp [TSXv:AUN] which closed today at 75 cents has been the subject of RI’s attention, analysis and praise in the past (in March and May), and is a fine reflection of your correspondent’s affectionate predilection for the near-term production niche.

Today, already stockpiling ore at La Negra, AUN stands at the doorstep of major production and cash flow and will leap through that threshold in Q1 of next year as the company’s mill is re-started and begins to process material.


So what does this mean for investors?

Trading at a Fraction of Peer Valuations

Probably the best comparables and examples of where AUN will be in a couple of months are Endeavour Silver [TSX:EDR], Great Panther [TSX:GPR] and First Majestic [TSXv:FR].

All of these companies are silver producers, cash flowing far less than what is projected for AUN next year, producing at higher costs per ounce, and all have market capitalizations of between C$150 million to C$200 million. Aurcana currently has a market capitalization of just C$52 million.

The reason for the handsome market capitalizations of the three comparables listed above is that there is a dearth of listed silver producers for investors to choose from. As AUN joins this small, exclusive group in just 2-3 months from today, that same money seeking out such vehicles should chase Aurcana shares much higher.

But on the cusp of production, why is AUN still trading at 75 cents - what has been holding it back?

Aurcana Free of Its Chains

RI can identify three main reasons that AUN is still so far from a fair valuation. We believe that all of these things are just now behind Aurcana:

Paper: Aurcana raised money at 20 cents and a lot of people have made a very nice return, taking something off the table at these levels, and holding the share price down. We believe that having traded nearly 30 million shares since August, the selling pressure on AUN has finally abated as most of these shares were passed into new hands in the 50-85 cents range, and these investors will hold through production.
Financing: There was a rumour on the Street that Aurcana needed more money to go into production. That was not the case, but the prospect of a potential financing held the stock down. Friday’s update confirming that the company is on time and on budget for production seems to have disabused the market of that notion. The only financing that President Ken Booth will consider, will be for an accretive acquisition, and shareholders will be net winners.
Lack of Feasibility Study: Because this is a re-start operation and Penoles has done a great job of keeping every sort of data one can imagine for the new owner (AUN), the company can predict with excellent accuracy what the operation will cost, and how much money they will make. Despite this, North American investors like to see umpteen studies before they feel comfortable, even if that is not the way that things are done in Mexico.

The lack of a feasibility study has left some waiting on the sidelines. Indeed, Aurcana has to satisfy regulatory procedures to the extent that the company has to put the following in every press release: “The reader should be cautioned the Company has not completed a feasibility study confirming the projected production capacity and there is no certainty the Company's plans will be economically viable.” The reality is, Aurcana knows what is there, what it will cost to mine, and how much money will be made. Mining dollars in Q1 will force the market to accept this.
Robust Cash Flow

At the current reserve head grade, today’s commodity prices, the planned rate of 1,000 tons per day, and given projected rates of recovery, and smelter charges, Aurcana would cash flow (to their 80% interest) over $40 million, or 59 cents per share in 2007.

To be prudent, one should choose to discount commodity prices and assume the odd hiccup here and there, so let’s say that AUN actually comes in at 50 cents per share of cash flow.

That means that at today’s close, Aurcana which is just 2-3 months away from full production, is trading at only 1.5X 2007 cash flow.

Accretive Acquisitions

Aurcana and its strategic local partner Reyna Mining & Engineering have superior relationships in Mexico which enable them to see and to be shown opportunities that the vast majority of Canadian companies cannot hope to see (this includes combing the Penoles offices, a group that has taken an equity stake in the company - a rarity for them).

With this advantage in hand, Ken Booth is looking at a number of exciting projects that have all the makings of La Negra repeats – in other words, extremely accretive to cash flow per share, and all other metrics one wishes to apply. He is focusing exclusively on very near-production projects with associated infrastructure, or mines that are already in production. Add one of those to AUN over the next few months and we will really be cooking with gas.

Upward Re-Rating / Conclusion

Given that Aurcana is currently trading at just 1.5X projected 2007 cash flow, that direct comparables have market capitalizations of 3-4 times AUN’s, and that the upward production re-rating is only 2-3 months away, this looks like an extremely compelling value situation that should start to appreciate almost right away.

A 2-3 month target of C$1.50 per share is in order here, as shares should jump as Aurcana’s enters its new life as one of the few listed silver producers that investors have to choose from, and with huge cash flow.

Beyond that, a 6-12 month target of C$3 to C$5 seems perfectly reasonable as quarterly earnings statements are delivered and the market and institutions really start to catch onto this story, valuing it more closely to its peers.

Lastly, if Ken Booth makes an accretive acquisition in that time-frame, increasing the silver bias and further bolstering the cash flow per share number, the share price should do even better.

Indeed, at these prices, this close to production, Aurcana has all the earmarks of a very low-risk, immediate high-reward slam-dunk. That much is algebraically demonstrable



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[Maigret]

Antwort auf Beitrag Nr.: 25.565.315 von Maigret am 21.11.06 15:34:24

1.25 CAD.
Die ersten 100% sind im Töpfchen.

[JMoutinho]

Gratuliere Dir Maigret.
Aus Angst wir würden uns am Ende der Fahnstange bewegen, steht die Aktie seit tagen leider immer noch auf meiner Watchlist.

Seit dem schon 133 % Plus.

[Maigret]

Antwort auf Beitrag Nr.: 25.808.073 von JMoutinho am 29.11.06 21:23:06

Thanx, vielleicht ist der gestrige Rücksetzer gestern eine Chance noch auf den Zug zu springen. Ich habe nach meinen Käufen im 60 Cent Bereich bei 88 Cent nochmal kräfig zugelegt.

Und vor 3 CAD die wir m.E. im 1. Halbjahr 2007 erreichen werden geht auch kein Stück aus dem Depot. Gibt ja Rumours in den CAN-Boards über evtl. weitere Propertys im Rahmen der Zusammenarbeit mit Peñoles... Das wäre neben dem ersten Bottom Line Profit weiterer Treibstoff für AUN.

[Maigret]

Aurcana sells La Negra copper concentrate to Trafigura
2006-12-15 15:50 ET - News Release

Mr. Ken Booth reports

AURCANA CORPORATION: OFFTAKE AGREEMENT SIGNED; APPOINTMENT OF DIRECTOR

Aurcana Corp.'s 80-per-cent-owned Mexican subsidiary Minera La Negra SA de CV has signed an agreement with Trafigura Beheer BV for the La Negra mine to sell its copper concentrate to Trafigura. This is an important milestone for Aurcana and its partner Reyna Mining and Engineering SA de CV, as it provides further support for the quality of the La Negra operation in advance of the restart of the mine in early 2007. Aurcana and Reyna are now working to secure offtake agreements for the lead and zinc concentrates.

Lenic Rodriguez has been appointed to the board of directors of Aurcana. Mr. Rodriguez is a Mexican businessman residing in Vancouver where he is a managing director of First Access Financial Group, which provides trade credit financing to companies working in Mexico. Mr. Rodriguez holds a BA in business administration and a masters degree in systems from one of Mexico's top universities. The addition of Mr. Rodriguez with his solid Mexican business background continues with Aurcana's strategy of focusing on Mexico for its future growth.

Aurcana further advises, it has accepted John McCluskey's resignation from the board of directors of the company to allow Mr. McCluskey to focus his attention on Alamos Gold, a gold producer with a strategy to grow its business in Mexico. The board and management of Aurcana wish to thank Mr. McCluskey for his tenure and guidance over the past several years.

At the Le Negra mine work on the mill continues to proceed well and material from the mine is being stockpiled outside the main 2000 haulage level. This stockpiled material will be used to restart the mill in early 2007 with operations planned to reach 1,000 tonnes per day. The reader should be cautioned the company has not completed a feasibility study confirming the projected production capacity and there is no certainty the company's plans will be economically viable.

[Maigret]

Kam gestern. M.W. nachbörslich. Das ist ne 2. kleine LaNegra....

Aurcana options Rosario from Grupo Mexico
Aurcana Corp (2) (C:AUN) Shares Issued 71,929,302Last Close 2/8/2007 $1.25Thursday February 08 2007 - News Release

Mr. Ken Booth reports

AURCANA SIGNS OPTION TO ACQUIRE THE SILVER-ZINC-LEAD ROSARIO PROPERTY, MEXICO PAST PRODUCER WITH LARGE LAND PACKAGE AND SIGNIFICANT EXPLORATION POTENTIAL

Aurcana Corp. is continuing with its strategy of acquiring advanced-stage properties in Mexico. The company has entered into an option agreement with a subsidiary of Grupo Mexico SA de CV, Industrial Mineral Mexico SA de CV to acquire a 100-per-cent interest in the silver-zinc-lead-gold Rosario property located in southeastern Sinaloa state, Mexico. The Rosario property, consisting of 18 concessions totalling approximately 8,515 hectares, is located approximately 94 kilometres southeast of Mazatlan and is accessed by an all-weather road.

There are two main areas on the Rosario property, San Juan and Rosario, where Grupo Mexico has calculated historic reserves. At the San Juan area, east of the Rosario mine site, Grupo Mexico reports historic reserves of 256,756 tonnes at a grade of 329.3 grams per tonne (g/t) silver, 3.73 per cent zinc, 1.69 per cent lead and 0.19 g/t gold. A decline has been driven into the San Juan zone and has tested the zone over a vertical distance of 40 metres, with the zone still open to depth. Aurcana will make San Juan a focus of its early exploration on the property due to the high-grade nature of the ore and the significant potential of the area. Originally reported as reserves by Grupo Mexico in 2000 using a cut-off grade based on metal prices at that time, the reader should be cautioned the historic reserves do not conform to National Instrument 43-101 requirements for reporting purposes; as such, the company is not treating these historic estimates as current reserves or resources. These estimates should not be relied upon until they have been verified by further due diligence and by the company's "qualified person."

At Rosario, in 2000, Grupo Mexico calculated 638,756 tonnes at a grade of 136 g/t silver, 3.21 per cent zinc, 2.23 per cent lead and 1.05 g/t gold, consisting of:

37,944 tonnes of proven reserves grading 122 g/t silver, 3.82 per cent zinc, 2.57 per cent lead and 0.98 g/t gold;
277,074 tonnes of probable reserves grading 89 g/t silver, 3.45 per cent zinc, 2.36 per cent lead and one g/t gold; and
323,738 tonnes of inferred resources grading 178 g/t silver, 2.92 per cent zinc, 2.07 per cent lead and 1.1 g/t gold.
Aurcana will also focus on the exploration potential that remains on this zone and intends to expand the reserves from areas remaining between old mine levels, and from below the lowest level exploited. As with the San Juan area, the reader should be cautioned the historic reserves do not conform to National Instrument 43-101 requirements for reporting purposes; as such the company is not treating these historic estimates as current reserves or resources. These estimates should not be relied upon until they have been verified by further due diligence and by the company's "qualified person."

In addition to San Juan and Rosario, there are a number of exploration targets outlined by geology, geochemistry and geophysics which are drill ready. The company is encouraged by the exploration potential that has been identified by Grupo Mexico on the Rosario property.

The Rosario property has historically reported, by Grupo Mexico, past production from 1986 to 2000 at an average rate of 600 tonnes per day of a total of 2.5 million tonnes of ore averaging 190.5 grams per tonne silver, 2.02 per cent zinc, 2.38 per cent lead and 0.92 g/t gold. These estimates should not be relied upon until they have been verified by further due diligence and by the company's "qualified person." All other facilities, including surface rights, underground workings, water, power, offices, shops, warehouses, met lab, mill infrastructure and a town site, will be part of the acquisition from Grupo Mexico.

The option agreement grants Aurcana the exclusive option, but not the obligation, to purchase the assets of the Rosario property. Aurcana may, subsequent to its technical and legal review of the Rosario property, agree to execute, within a term of six months following the date of signing the option agreement, exercise the option to purchase and execute a sale and purchase agreement to acquire the 100-per-cent undivided interest in the Rosario property.

In the event Aurcana Mexico executes the sale and purchase agreement, consideration for the purchase of the Rosario property is $3-million (U.S.), $250,000 (U.S.) is due upon signing of the option agreement and is subject to the receipt of TSX Venture Exchange approval. Should the company proceed with the purchase agreement, the $250,000 (U.S.) payment will form part of the purchase price. The remaining purchase price of $2.75-million (U.S.) will be payable over two years.

A cash finder's fee may be payable on this acquisition in accordance with the policies of the TSX-V.

Aurcana would also like to thank Sedna BDP, a Mexico City-based investment banking and international businesses firm, which represented Grupo Mexico in the marketing, negotiation and sale of the Rosario property.

Ron Nichols, PEng, a director and vice-president of exploration for Aurcana, and a qualified person as defined by National Instrument 43-101, supervised the preparation of the technical information in this release

[Maigret]

Posting von Rock17 aus dem Bullboard:


This is great news at little cost to AUN and espec no dilution.
As most of us expected, it is an advanced-stage properties with a mine and mill that can be placed back into production quite quickly.


The Rosario property and the nearby are excellent feeder sources, with combined historic reserves of nearly 900,000 tons.

The ore grades are a bit above those of the Alacran ore body at La Negra and also contain gold which should boost ore value significantly.

Rough calculations suggest that recoverable metal would be worth about $285 US/ton versus $260 US /ton at La Negra, at current metal prices.

AS with La Negra, there is plenty of the exploration potential that remains on this zone and AUN intends to expand the reserves from areas remaining between old mine levels, and from below the lowest level exploited. In addition to San Juan and Rosario, there are a number of exploration targets outlined by geology, geochemistry and geophysics which are drill ready. The company is encouraged by the exploration potential that has been identified by Grupo Mexico on the Rosario property.

Annual production at 600 tpd will be 180,000 tons of ore and,with 900,000 tons of historic reserves and plenty of exploration upside, we dont have to worry about mine life.

At current prices, the recoverable metal is worth about $200 million US ( about $3 /share ), infrastruture in place, lots of exploration upside and we got this for just $3 million and perhaps another $2 million to refurbish and expand the mill to 1000 tpd.

In other words, in one fell swoop, we have provided for at least a 60 % increase in production in 2008, and perhaps a doubling of production, at a time when silver is predicted to move to $30.

More news next week, so I expect a very good day today.........

[Maigret]

aaaarghhhh..... Ich hatte gedacht man ist durchfinanziert
Wollen wir hoffen dass Sie den Cash nicht nur benötigen um la Negra zum Fliegen zu bringen....




Aurcana Corp (2) (C:AUN)
Shares Issued 71,929,302
Last Close 2/13/2007 $1.50
Tuesday February 13 2007 - News Release
Mr. Ken Booth reports

AURCANA ANNOUNCES A $15 MILLION FINANCING ON A BROKERED AND NON-BROKERED BASIS

Aurcana Corp. has arranged a $15-million financing of units on a brokered and non-brokered basis. For the brokered portion of the financing, Aurcana has entered into an agreement with Canaccord Capital to act as the lead agent to market a private placement financing of up to $4-million on a commercially reasonable efforts basis.

Under the brokered private placement, the company proposes to issue up to 3.2 million units at $1.25 per unit. Each unit will consist of one common share and one-half of one common share purchase warrant. Each whole common share purchase warrant will entitle the holder to acquire one common share at any time up to 18 months after the closing of the offering at a price of $1.85 per share; provided that if the closing price of the company's shares as traded on the exchange, subsequent to four months from closing, is at or over $3 per share for 20 consecutive trading days, the company will have the right to accelerate the expiry of the warrants upon giving 30 days notice to the holders thereof. In addition, the agent has been granted an overallotment option to purchase additional units to raise additional gross proceeds of up to 800,000 units, exercisable 48 hours prior to closing.

The company shall pay to the agent a commission of 7 per cent of the gross proceeds of the offering. In addition, the agent will receive agents' warrants equal to 7 per cent of the units sold exercisable at any time up to 18 months following the closing of the offering at an exercise price of $1.50 per share.

For the non-brokered portion of the financing, the company will conduct on a best-efforts basis, a private placement for up to 8.8 million units at $1.25 for proceeds of $11-million. Each unit will consist of one share and one-half of one common share purchase warrant. One full common share purchase warrant will permit the holder to purchase a further common share for a period of 18 months from closing at a price of $1.85 per warrant share, provided that if the closing price of the company's shares as traded on the exchange, subsequent to four months from closing, is at or over $3 per share for 20 consecutive trading days, the company will have the right to accelerate the expiry of the warrants upon giving 30 days notice to the holders thereof. Finders' fees in accordance with the policies of the exchange may be paid in cash, warrants or common shares.

The proceeds of the private placement will be used for the advancement of the company's La Negra mine located in Queretaro state, Mexico, for identification and execution of acquisitions, and to provide general working capital. The closing of the offering is subject to certain conditions, including completion of satisfactory due diligence by the agent and regulatory approval.

In accordance with securities legislation currently in effect, the securities issued pursuant to the offering will have a restricted "hold" period of four months plus one day from the date of closing of the offering.

© 2007 Canjex Publishing Ltd.


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[peekey]

Aurcana´s La Negra Mine (80% Interest) besteht aus 2 verschiedenen Tonnagen:
890 000 Tonnen @ 151 g/t Ag, 2,72% Zn, 0,94% Cu und 0,82% Blei
Bei Preisen von 14 USD/Unze Silber, 1,40 USD/Pfund Zink, 2,50 USD/pfund Kupfer und 0,70 USD/pfund Blei
(zweite Tonnage mit weiteren 335 000 Tonnen mit etwas höheren Graden Silber und Zink)

Damit ist der Bruttometallwert pro Tonne 232 USD. Nimmt man 90 % Recovery des monetären Wertes an, ergibt das pro Tonne 200 USD.
Cash Kosten: Annahme 50 USD/ Tonne. Als Vergleich dient am besten Great Panther Resources, ebenso Polymetall-Mine in Mexiko, sie geben 50 USD Kosten pro Tonne an.

Bei geplanten 1000 Tonnnen pro Tag und 340 Tagen Produktion im Jahr ergibt das einen Pre-Tax Cash Flow von 51 Mio USD. Bei Devisenkurs von 1,16 CAD pro USD= 59 Mio CAD. Davon 80%-Aurcana Anteil: 47 Mio CAD
Nach der angekündigten Privatplatzierung sind es nun etwa 87 Mio Aktien.
Cash Flow pro Aktie: 0,54 CAD
Welches Multiple ist gerechtfertigt? Endeavour Silber und First Majestic haben ein CF-Multiple von knapp 10, aber erheblich höhere Silberressourcen, die auch größtenteils 43-101 konform sind.
In Anbetracht der Tatsache dass aber Aurcana die Rosorio Property erwerbem kann, verdoppeln sich im Prinzip die Resourcen. Und mit zusäztlichen 15 Mio Cash, gibts viel Phantasie für weitere Zukäufe.
Ein Multiple von 5-6 scheint auf jeden Fall gerechtfertigt sein,
heisst also etwa 2,70 -3,24 CAD als ungefähres Kurspotential.

[Maigret]

@peeky
thats it und da werden wir in einem Jahr auch stehen. Wenn die jetzt jedes Jahr eine neue Mine zum Laufen bringen vielleicht auch mehr....

[peekey]

Antwort auf Beitrag Nr.: 28.379.187 von Maigret am 19.03.07 20:45:16

ja, ich denke man kann dieses Kursziel von etwa 3 CAD auch mittelfristig anpeilen, allein schon nur für die La Negra Mine. Die Rosorio Property ist sicherlich noch 1 bis 1,5 Jahre von einer möglichen Produktionsaufnahme entfernt. Interessant ist doch nun die Frage was sie mit den zusätzlichen Einnahmen des PP machen. Das sind etwa 20 Mio CAD soweit ist weiss. Die werden nicht für La Negra gebraucht! Ich könnte mir vorstellen, dass man diese Summe plus die erwarteten 55 Mio CAD jährliche Cash-Flow aus der La Negra-Produktion in eine Aquirierung investiert. Denn mit 20 MIO allein kann man nicht zukaufen. In Mexiko tummeln sich eine Menge von Junior Miners, bzw. es gibt eine Vielzahl von Projekten, die weitfortgeschritten sind. Klar das sind nur Vermutungen, aber man sollte damit rechnen. Die Art und Weise wie Aurcana auftritt, lässt eine aggressive Unternehmensstrategie vermuten. Also Fokus auf organisches Wachstum!
Ich denke, dass die Zusammenarbeit mit Penoles hierbei eventuell von entscheidender Bedeutung sein kann.
Hier ist wirklich unglaublich viel Phantasie drin, wobei das Downside-Potential eher überschaubar ist.

[Maigret]

Antwort auf Beitrag Nr.: 28.425.954 von peekey am 22.03.07 10:19:20

Wir sind nicht die einzigen die optimistisch sind peekey....

Mar 21/07 Mar 21/07 Flower, Brian 53 - Grant of warrants Warrants 10,000 $1.850
Mar 21/07 Feb 03/06 Flower, Brian 00 - Opening Balance-Initial SEDI Report Warrants
Mar 21/07 Mar 21/07 Flower, Brian 10 - Acquisition in the public market Common Shares 20,000 $1.250
Mar 20/07 Mar 19/07 Netolitzky, Ronald Kort 11 - Acquisition carried out privately Warrants 200,000 $1.850
Mar 20/07 Mar 19/07 Netolitzky, Ronald Kort 11 - Acquisition carried out privately Common Shares 400,000 $1.250
Mar 19/07 Mar 09/07 FISCHER, ROBERT 16 - Acquisition under a prospectus exemption Warrants 10,000 $1.850
Mar 19/07 Apr 22/05 FISCHER, ROBERT 00 - Opening Balance-Initial SEDI Report Warrants
Mar 19/07 Mar 09/07 FISCHER, ROBERT 16 - Acquisition under a prospectus exemption Common Shares 20,000 $1.250
Mar 12/07 Mar 09/07 Nichols, Ronald Frederick 53 - Grant of warrants Warrants 107,000 $1.850
Mar 12/07 Mar 09/07 Nichols, Ronald Frederick 11 - Acquisition carried out privately Common Shares 214,000 $1.250

Wenn ich mir die Volumina anschaue die das Management investiert, darunter bekannte Größen wie Netolitzky, komme ich in Versuchung nachzulegen....


zur Mittelverwendung des PPs: Sehe ich auch so, dieses Jahr La Negra, nächstes Jahr Rosario, ich gehe Wetten ein dass wir auch im Jahre 2009 einen Aurcana-SOP erleben

[Maigret]

Aurcana Corp (2) (C:AUN)
Shares Issued 72,068,933
Last Close 3/27/2007 $1.80
Tuesday March 27 2007 - In the News

Brien Lundin, in the March, 2007, edition of the Gold Newsletter, refreshes his buy recommendation for Aurcana Corp., recently $1.17, insisting that the best is yet to come. Mr. Lundin said buy Aurcana in September, 2006, at 62 cents. An investment of $1,000 would now be worth $1,839. Investors have started growing more confident in the ability of Mexico's La Negra polymetallic mine to generate cash flow. The letter writer says the momentum has swung in Aurcan's direction, with commercial production to start soon. The junior has also found time to acquire the Rosario silver-lead-zinc property in Mexico. This property has two targets, San Juan and Rosario, neither of which is huge. However, they are both open to expansion. San Juan has 256,753 tonnes of 329.3 g/t silver, 3.73 per cent zinc, 1.69 per cent lead and 0.19 g/t gold. Rosario has 636,756 tonnes of 136 g/t silver, 3.21 per cent zinc, 2.23 per cent lead and 1.05 per cent gold. The Mexican miner is looking to raise $15-million with private placements to finance exploration and development on La Negra and Rosario. The financing is dilutive, admits Mr. Lundin, but not excessive. The company now has the money it needs to move aggressively on both properties.

[Maigret]

Yep, wir sind Producer !!
Habe die Schwäche der letzten Tage genutzt um nochmal kräftig Einzusammeln !!!


VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - April 12, 2007) - Aurcana Corporation ("Aurcana" or the "Company") (TSX VENTURE:AUN) is pleased to announce that mill refurbishment, expansion and preliminary testing has been completed and production has commenced at its 80% owned La Negra silver-copper-zinc-lead mine in Queretaro State, Mexico.
Refurbishment work included the installation of new mill components, upgraded flotation circuits and thickener tanks and expansion of the entire mill. Initially the mill will process lower grade mineralization to allow commercially acceptable metallurgical parameters and specifications to be met. The planned throughput of the mill is 1,000 tonnes per day and the initial feed for the mill will be from approximately 50,000 tonnes of material stockpiled over the past several months complemented by continued daily production from the mine. Production of copper, zinc and lead concentrate has commenced and once commercially acceptable specifications have been met the Company will start the shipment and sale of concentrates which is expected to be within the month.

Aurcana would like to recognize the efforts and diligence of both its partner at La Negra, Reyna Mining and Engineering S.A. de C.V., and the staff at the mine. The effort of all involved has enabled the La Negra operation to reach this very important milestone and enable the Company to take advantage of the continuing high metal prices.

In addition to the La Negra project, the Company also has an Option Agreement with Grupo Mexico to acquire a 100% interest in the silver - zinc - lead - gold Rosario Property located in south eastern Sinaloa State, Mexico.

Aurcana is a Canadian junior mining company listed on the TSX Venture Exchange, symbol: AUN. The Company remains focused on the acquisition, development and operation of silver, zinc and copper mines with good infrastructure and ore reserves/resources that require minimal capital and time to re-start.

ON BEHALF OF THE BOARD OF DIRECTORS OF AURCANA CORPORATION

Ken Booth, President

The statements made in this News Release may contain certain forward-looking statements. Actual events or results may differ from the Company's expectations. Certain risk factors may also affect the actual results achieved by the Company.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy and accuracy of this Release.

[Keynsianer]

Und keiner merkt es.

Ist schon witzig

[Keynsianer]

Irgendwie wird es Zeit das dieses Goldstück hier bekannter wird, auch wenn es eher ein Silberstück ist.

[Maigret]

Toller Update vom ResourceInvestor und David DesLauriers

http://www.resourceinvestor.com/pebble.asp?relid=30894

Er erwartet, dass
- die ausstehenden 20% von LaNegra akquiriert werden
- dass die LaNegra Produktion auf 2000 tpd bis Ende 2008 verdoppelt werden kann
- dass in den nächsten Monaten eine weitere 3. Mine akquiriert wird

Sein Kursziel auf 24 Monatssicht 6-10 CAD.

Vor allem die mögliche Verdoppelung der LaNegra Produktion begeistert mich, hätte ich nicht für möglich gehalten.
Des Lauriers hat ein Ohr am Management. Ohne Rücksprache mit denen haut der so etwas nicht raus.

Unglaublich was sich dieser Trottel Lou Shiraz lt. Stockhouse gestern geleistet hat. Rät zu Gewinnmitnahmen da AUN ja noch nicht mit dem Mining begonnen hätte…. Nicht zu fassen !

AUN bleibt eine meiner größten Positionen im Depot !

[Hoschie]

Hallo Maigret,

bin zufällig auf diesen Wert aufmerksam geworden. Ich finde Aurcana auch sehr interssant.

Ich weiß nicht, ob das schon bekannt ist. Die Drilling-Results sind ziemlich gut.

Gruss,
Hoschie

Significant Widths of Silver-Zinc-Copper Intersected

VANCOUVER, BRITISH COLUMBIA, Apr 26, 2007 (CCNMatthews via COMTEX News Network) --

Aurcana Corporation ("Aurcana" or the "Company") (TSX VENTURE:AUN) is pleased to announce the results of underground exploration at the La Negra mine, Queretaro State, Mexico. Aurcana completed a total of seven diamond drill holes in the Alacran area to test known historic drill intersections reported by Penoles S.A. de C.V. A result of this drilling is the discovery of two new zones. The exploration drilling is concentrating on areas adjacent to the Alacran zone where the Company is mining 1000 tonnes per day.

One zone known by Penoles as Stope 1980 has been significantly extended with four drill holes intersecting the zone. The four intersections result in a length weighted average thickness of 11.82 meters grading 162.5 g/t silver, 2.57% zinc, 1.28% copper and 0.43% lead. The 1980 Zone is a "manto" that follows stratigraphy and dips towards the Alacran area. It is still open in the up dip direction and additional drill holes are planned to outline the full extent of this zone.

The drilling has also intersected what has been interpreted as two new "mantos" that lie stratigraphically below the 1980 Zone. The seven holes are the beginning of an aggressive exploration program at La Negra. The Company is very encouraged by these results and future drill holes will continue to determine the extent of the known and new zones. Results for all of the drill holes are summarized in the following table.



-------------------------------------------------------------------------
Interval
Hole # From - To (m)(i) Ag (g/t) Pb (%) Zn (%) Cu (%) ZONE
-------------------------------------------------------------------------
DA - 01 60.3 - 63.75 3.45 19 0 5.78 0.13 Zone 1 (new)
-------------------------------------------------------------------------
DA - 02 20.45 - 22.15 1.7 385 1.58 5.04 1.35 TANIA
33.7 - 47.35 13.65 113 0.24 3.2 0.64 Stope 1980
Incl. 33.7 -
37.65 3.95 213 0.64 6.53 0.69
-------------------------------------------------------------------------
DA - 03 11.43 - 12.95 1.52 208 1 6.26 0.7 TANIA
(lost
hole
in
stope)
-------------------------------------------------------------------------
DA - 04 0 - 11.95 11.95 208 0.62 2.45 1.55 Stope 1980
(drill Incl. 5.25 -
hole 11.95 6.7 265 0.84 3.67 2.23
coll-
apsed)
-------------------------------------------------------------------------
DA - 05 0 - 15.30 15.3 185 0.47 2.2 1.91 Stope 1980
Incl. 4.10 -
15.3 11.2 246 0.62 2.8 2.67
-------------------------------------------------------------------------
DA - 06 6.80 - 13.20 6.4 129 0.38 2.31 0.67 Stope 1980
33.0 - 37.15 4.15 27 0.04 3.21 0.13 Zone 1 (new)
41.05 - 43.35 2.3 54 0.03 6.34 0.34 Zone 1 (new)
-------------------------------------------------------------------------
DA - 07 4.45 - 6.40 1.95 167 3.81 3.34 0.2 TANIA
17.15 - 18.30 1.15 265 1.73 4.26 0.76
37.45 - 43.95 6.5 35 0.06 1.56 0.56
53.95 - 58.30 4.35 64 0.02 1.57 0.81 Zone 1 (new)
64.95 - 84.35 19.4 58 0.04 3.02 0.94 Zone 2 (new)
Incl. 74.65 -
78.4 3.75 145 0.02 4.17 2.36
-------------------------------------------------------------------------

(i)(While the 1980 zone drill holes were located to intersect the zone at
90 degrees, the true thickness of the zone is likely to be somewhat less
than that indicated by the drill intervals.)


The drilling is being done by an underground drill owned and operated by Minera La Negra, and the assays are from the mine site assay laboratory which is also operated by Minera La Negra personnel. A number of check samples have been sent to Acme Laboratories in Vancouver. In addition, two independent consultants have been commissioned to design a QA/QC program for the mine site lab, and this is currently being implemented.

Ron Nichols, P.Eng. a Director and Vice President of Exploration for Aurcana, and a Qualified Person as defined by National Instrument 43-101, supervised the preparation of the technical information in this release

[Maigret]

MAY 2, 2007 - 10:30 ET

Aurcana Strengthens Management Team

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - May 2, 2007) - Aurcana Corporation ("Aurcana" or the "Company") (TSX VENTURE:AUN) is pleased to announce it is strengthening its management team with the appointment of three individuals. Grant T. Smith will assume the role of Chief Financial Officer, Salvador Huerta will become the Controller for Mexican Operations and Terese Gieselman who has been an integral part of the tremendous growth of Aurcana, will become the Treasurer and will continue her duties as Corporate Secretary.

Mr. Smith is a Chartered Accountant and his background includes experience in both operating and exploration mining companies throughout North and South America. He brings audit experience from two of Vancouver's highly respected audit and accounting firms and has audit experience in mining companies with reporting for TSX, TSX Venture and AMEX. His management background extends over 20 years and includes a diverse variety of operations and organizations.

Mr. Huerta was born in Mexico and finished his university degree as a Certified Public Accountant in Mexico. Previously he was Deputy President and CFO of manufacturing companies in Mexico such as TIMEX, HJ Heinz, ALFA Group and San Luis - Rassini Automotive Group. He has several professional post graduate courses from IPADE (Harvard Business campus in Mexico), The Harvard Business School and The University of Hawaii. Salvador has served as a director on the advisory board of IME (Institute of Mexicans Abroad) and President of the Rotary Club of West Vancouver.

Ms. Gieselman has 21 years experience with junior mining/exploration companies listed on the TSX, TSX Venture, OTCBB, NASDAQ and AMEX, in her role of chief financial officer, treasurer and corporate secretary. Ms. Gieselman's experience includes an extensive background in corporate and financial reporting and compliance for Canada and the US, financings, treasury, international corporate structures and financial reporting in Mexico, Peru, Chile and Brazil.

The addition of Mr. Smith and Mr. Huerta to Aurcana's management team along with the ongoing support of Ms. Gieselman provides the Company with solid financial and corporate skills to advance its operations and continue its rapid growth.

Aurcana is a Canadian junior mining company listed on the TSX Venture Exchange, symbol: AUN. The Company is currently in production and remains focused on the acquisition, development and operation of silver, zinc and copper mines with good infrastructure and ore reserves/resources that require minimal capital and time to re-start. Aurcana operates the La Negra silver, copper, zinc and lead mine in Querataro State, Mexico and is developing its Rosario silver, zinc, gold mine in Sinaloa State, Mexico.

ON BEHALF OF THE BOARD OF DIRECTORS OF AURCANA CORPORATION

Ken Booth, President

The statements made in this News Release may contain certain forward-looking statements. Actual events or results may differ from the Company's expectations. Certain risk factors may also affect the actual results achieved by the Company.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy and accuracy of this release.

[Maigret]

Aurcana Corporation: Production, Shipment and Sale of Concentrates
VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 4, 2007) - Aurcana Corporation ("Aurcana or the Company")(TSX VENTURE:AUN) is pleased to announce that after the conclusion of mechanical mill equipment tests and the calibration of the metallurgical parameters, regular planned shipments and the sale of copper concentrates from the La Negra Mine, Queretaro State, Mexico have begun. Minera La Negra has shipped 120 tonnes of copper concentrate with a grade of 24.4% copper and 43 ounces/tonne of silver which represents a total of 64,500 pounds of copper and 5,160 ounces of silver, under its agreement with Trafigura S.A. de C.V. Based on current metal prices the approx gross value of the copper and silver contained in the concentrate is $285,245. The quality of concentrate exceeds the minimum specifications listed in the off-take agreement with Trafigura.

Since the Company re-started operations in April 2007, staff at the mine has been working diligently to ensure the mill obtains the correct metallurgical balance in all of the concentrates. The production and sale of the copper concentrates illustrates that the effort of the staff has been rewarded and the focus is now directed towards the production of a minimum 48% zinc concentrate which is close to being achieved.

The sale of the copper concentrate marks another significant milestone for the Company and the La Negra mine. In the last twelve months Aurcana has purchased, re-furbished and expanded the mill, re-started the mining operation and commenced the production and sale of concentrate.

With the completion of the mill start up at La Negra mine the Company is now moving some of its engineering group to the Rosario mine in order to proceed with the compilation of data relating to the historic reserves as well as confirming a number of high priority untested silver-zinc-lead targets elsewhere on the large (8500 ha) property. An on-site inventory of the mine, mill and town site is also being completed prior to finalizing the acquisition of the Rosario Mine from Grupo Mexico.

Aurcana is a Canadian junior mining company listed on the TSX Venture Exchange, symbol: AUN. The Company is currently in production and remains focused on the acquisition, development and operation of silver, zinc and copper mines with good infrastructure and ore reserves/resources that require minimal capital and time to re-start.

Ron Nichols, P.Eng, a Director and Vice President of Exploration for Aurcana, and a Qualified Person as defined by National Instrument 43-101, supervised the preparation of the technical information in this release.

You may visit the Company's website to view concentrates being prepared for delivery, seen inside the photo gallery.


ON BEHALF OF THE BOARD OF DIRECTORS OF AURCANA CORPORATION

"Ken Booth", President

[peekey]

Antwort auf Beitrag Nr.: 29.638.014 von Maigret am 04.06.07 22:18:15

Der Kurs von aurcana wird die 2 Dollar Marke anpeilen, noch dieses Jahr, da bin ich mir ziemlich sicher, denn sie ist fundamental deutlich unterbewertet.
Management muss jedoch um Vertrauen zu gewinnen, die in der La Negra Mine vorhandenen historischen Reserven in 43-101 Reserven überführen, damit eine Neubewertung des Unternehmens möglich wird. Das wollte man allerdings schon vor Monaten erreicht haben.
Bei voller Produktion (1000 tpd) wird Aurcana etwa 0,36 cents pro Aktie an Cash Flow produzieren (siehe diverse Beiträge im Stockhouse-Board), bei Basismetallproduzenten kann man ein Multiple von 7 rechtfertigen, also Kursziel etwa 2,52 CAN $.
Das entspäche einer MC von dann über 260 Mio CAN $.

[Warren7]

Aurcana Files Financial Report for the 2nd Quarter Ended June 30, 2007
15:34 EDT Thursday, August 30, 2007

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 30, 2007) - Aurcana Corporation ("Aurcana" or the "Company") (TSX VENTURE:AUN) is pleased to announce that it has filed on SEDAR its unaudited financial statements and related management discussion and analysis for the three and six month period ended June 30, 2007 ("Financial Statements"). Highlights for the period are outlined below and should be read in conjunction with Aurcana's Financial Statements which are available for review at www.aurcana.com or www.sedar.com.

Highlights of the 2nd Quarter results:

- First sale of concentrates from the La Negra mine

- Completed mill refurbishment allowing 1,000 tonne per day throughput to be achieved

- C$16.5 million in cash held on deposit with major banks - the Company has no exposure to Asset Backed Commercial paper

Ken Booth, President, commented: "The June quarter was a milestone quarter as the Company achieved its targeted mill production of 1,000 tonnes per day from the La Negra operation and completed the first sale of concentrates which the Company recorded as a reduction of expenses. The Company also continued its work at the Rosario property leading to an announcement subsequent to the end of the quarter that the Company had exercised its option to purchase 100% of the project. We are pleased to have purchased the Rosario property as it is expected to become Aurcana's second producing silver-zinc-lead property."

ON BEHALF OF THE BOARD OF DIRECTORS OF AURCANA CORPORATION

Ken Booth, President

[Maigret]

Habe die letzten Tage mein Faible für meine alte Liebe Aurcana neu entdeckt und jetzt unter 1 USD kräftig eingesammelt.

Q3 sollte im November da sein und da müßte es schon mit dem Teufel zu gehen wenn da nicht einige % drin sind in den nächsten 1-3 Monate....

N43-101 steht immer noch aus. Die Stimmung bei den Stockhousis ist auf dem Tiefpunkt, wenngleich der neue IR-Mensch einen Update in Kürze versprochen hat.
Wenn ich mich richtig erinnere hat Mastermind Netolitzky beim Früjahrs-Placement zu 1,25 AUD kräftig zugelangt und ich habe seitdem auch keinen Verkauf von ihm gesehen.
Ich vertrauche einfach mal darauf dass der Bursche weiß was er tat und dass da keine Leiche im Keller liegt...

[Maigret]

October 12, 2007

Aurcana Provides Corporate Update
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 12, 2007) - Aurcana Corporation (TSX VENTURE:AUN) -

CORPORATE UPDATE

Aurcana Corporation ("Aurcana" or the "Company") is pleased to provide an update on its projects and plans. 2007 has been a very successful transition year for Aurcana. It is a year that saw La Negra achieve full production of 1,000 tonnes per day coupled with very encouraging phase 1 drill results from mine site exploration and the addition of the 100% owned Rosario project which is slated to commence production at 800 tonnes per day in the fourth quarter of 2008. Aurcana will finish the year with established cash flow, a strong balance sheet, exploration upside and projected increased future revenues.

LA NEGRA

With the acquisition of the La Negra Mine in May 2006, Aurcana vaulted into the world of producing resource companies. In less than one year, specifically April 2007, the Company was pleased to announce that mill refurbishment, expansion and preliminary testing had been completed and production commenced at its 80% owned La Negra silver-copper-zinc-lead mine in Queretaro State, Mexico. The refurbishing and upgrades were completed on time and production of 1,000 tonnes per day commenced in June 2007.

At La Negra there is complete infrastructure in place and the mine has been fully developed on five main levels. The mine is fully accessible via adits and ramps and the adjacent plant consists of three stages of crushing, an 8' x 10' ball mill and conventional floatation to produce zinc, copper and lead concentrates. The previous operator left the mine with approximately two years of development which allowed Aurcana to restart production in less than one year. Once the initial start up phase was completed, La Negra has produced continuously at the planned rate. Throughput in the third quarter ended September 30, 2007 for the mill was 73,000 tonnes of ore and concentrate produced in the third quarter was 3,205 tonnes. Total site operating costs during the third quarter were on target and the Company continues to introduce efficiencies into the operation.

The mine already has the capacity to double production to 2,000 tonnes of ore per day. Likewise the installed crushing capacity can easily keep up to the 2,000 tonnes per day of mine output. Only the backend of the mill will need to be expanded to accept and handle additional capacity. Based on successful exploration and a potential increase in reserves an expansion will likely be financed by internal cash flow from operations. If the mill expansion is financed from cash flow it is estimated that payback would occur in approximately 6 months based on the following assumptions. The cost of increasing capacity at La Negra has been estimated at $1 million per 100 tonnes. To double production to 2,000 tonnes per day from 1,000 would cost about $10 million and using a forecasted annual cash flow of $20 million, at 1,000 tonnes per day, would result in an approximate six month payback. The reader should be cautioned the Company has not completed a feasibility study confirming the projected production capacity and there is no certainty the Company's plans will be economically viable.

Wardrop Engineering Inc. is conducting an independent audit of historical reserves on the Alacran zone at La Negra as part of the Company's commitment to establish 43-101 compliant reserves and resources. Once the Alacran audit is complete (expected by early November), Aurcana will continue the audit on the other zones at La Negra.
EXPLORATION AT LA NEGRA

There are 23 ore bodies with eight of the ore bodies containing 84% of the historical reserves. All of the ore bodies are easily accessed by over 50 km of historical underground development. Significant exploration potential exists around and below the known ore bodies. An aggressive and ongoing exploration program is being planned to expand and delineate the known historical reserves and to test for new zones based on previously defined geophysical targets and historic drill intersections. The Company's decision to employ all resources to fast track production at La Negra is producing great benefits as cash flow will support a renewed focus on a long-term exploration program. The objective of the program is to outline sufficient additional resources in order to expand the size of the existing mill.

ROSARIO PROJECT

In August 2007 Aurcana announced the acquisition of 100% of a second mine, the silver-zinc-lead-gold Rosario Property located in southeastern Sinaloa State, Mexico for US$3 million payable over 24 months. The historical data shows production at Rosario achieved a rate of 600 tonnes per day. However, plans for the Rosario mill refurbishing calls for an increase in production to 800 tonnes per day - a 33% increase over the historic mine production. The addition of the 800 tonnes per day from the Rosario Mine, expected in the fourth quarter of 2008, will double Aurcana's daily ore production. The reader should be cautioned the Company has not completed a feasibility study confirming the projected production capacity and there is no certainty the Company's plans will be economically viable.

The Rosario Property consists of 18 concessions totaling approximately 8,515 hectares and is located about 94 kilometers southeast of Mazatlan and is accessed by an all weather road. There are two main areas on the Rosario Property - San Juan and La Cruz. The San Juan area has historically reported reserves of 256,756 tonnes grading 329.3 g/t silver, 3.73% zinc, 1.69% lead and 0.19 g/t gold. An underground ramp has been driven into the San Juan Zone and has tested the zone over a vertical distance of 40 metres, with the zone still open to depth and along strike. The La Cruz area has historically reported reserves of 638,756 tonnes grading 1.36 g/t silver, 3.21% zinc, 2.23% lead, 1.05 g/t gold. The reader should be cautioned the historic reserves do not conform to National Instrument 43-101 requirements for reporting purposes; as such the Company is not treating these historic estimates as current reserves or resources. These estimates should not be relied upon until they have been verified by further due diligence and by the Company's "Qualified Person".

EXPLORATION AT ROSARIO

Work is already underway at the La Cruz zone to provide access for an initial 3,000 meter underground diamond drill program to expand the known historical reserves. Surface work is also verifying and defining new surface targets that will be prioritized for detailed follow-up.

ACQUISITIONS

The successful track record of the management of Aurcana has confirmed management's ongoing ability to identify, negotiate, finance and acquire high quality projects for the Company. Aurcana continues to pursue other high quality, producing or near producing projects. With the completion of any or all of these advanced stage projects, Aurcana could see present and proposed production increase significantly.

SUMMARY

1. Aurcana has a strong balance sheet, revenues from its first mine and pending revenue from its second mine.

2. The Company has a diversified asset base and will be producing five different metals from two different projects.

3. Aurcana has substantial exploration potential at both of its mine sites.

4. The Company has a network of contacts that can lead to the acquisition of additional projects that are in production or at advanced development or exploration stages.

5. Aurcana has shown that it is able to implement and follow through with its plan to become a significant base - precious metal producer.

With a strong balance sheet, 1,000 tonnes per day production established at La Negra, Rosario slated to add additional production of 800 tonnes per day by the end 2008, a very positive outlook for the price of commodities, along with the continued expansion of Aurcana's shareholder base, a very bright, exciting and rewarding future await Aurcana and its shareholders.

Ron Nichols, P.Eng. a Director and Vice President of Exploration for Aurcana, and a Qualified Person as defined by National Instrument 43-101, supervised the preparation of the technical information in this release.

Aurcana is a Canadian junior mining company listed on the TSX Venture Exchange, symbol: AUN. The Company remains focused on the acquisition, development and operation of silver, zinc and copper mines with good infrastructure and ore reserves/resources that require minimal capital and time to re-start.

ON BEHALF OF THE BOARD OF DIRECTORS OF AURCANA CORPORATION

Ken Booth, President

[Maigret]

Feiner Update.

Zum erstenmal spricht man von einer La Negra Ausweitung auf 2000 tpd und wenn ich das richtig interpretiere nimmt man das auch in Angriff wenn La Negra die dafür nötigen 10 Mille eingefahren hat.

20 Mio Cashflow aus den heutigen 1000 tpd.
+ dazu nochmal mögliche 20 Mio CF aus der Produktionserweiterung La Negra
+ dazu approx nochmal 20 Mille aus dem vollständig in AUN Besitz befindlichen Rosario Projekt ab Q4
========================================================
= ca. 60 Mio Cashflow/a

Marketcap aktuell 86 Mio

die Expansion sollte aus dem eigenen Cash Flow möglich sind, d.h. keine weitere Dillution.

Und konkrete Ansage zum überfälligen N43-101 -> November. Wobei man zunächst halt mal die historischen Ressourcen bestätigen wird...

Freue mich über meine Einkäufe die letzten Tage. Kurse unter 1 CAD gehören bald der Vergangenheit an. Bei einem robusten Rohstoffumfeld sollten 150-200% in den nächsten 12-15 Monaten drin sein.

Maigret

[Maigret]

Antwort auf Beitrag Nr.: 31.967.459 von Maigret am 13.10.07 13:52:57

Fragen/Antworten an das AUN-Management auf einer Investment Konferenz in Toronto des Stockhouse Users Betononstocks

I spent probably about 45 minutes in total speaking with Ken and Ron. My impressions are that they are both very professional and conservative guys who, if they have any fault, is that they are probably too honest... So, before I get into more detail about answers to our questions, I can say to you with a very high degree of confidence that in terms of management alone, AUN is an excellent investment.
I have put what I can recall immediately underneath each question. Expect beaucoup typos...


1. Why was production in the most recent quarter only 60% of the forecasted 440 tonnes/week? Your production was 270t X 12 weeks = 3240 tonnes of concentrate, when it should have been 440t X 12 weeks = 5280 tonnes of concentrate. Was this due to reduced grades, lower than expected recovery rates, or reduced (less than 1000tpd) throughput in processing?? Are you actually processing at 1000tpd, and if so, since when?

This was answered in the latest NR - production was lower than expected because they were running lower-grade development material that was mined/removed to prepare for mining higher grade zones, and because they were still fine tuning the mill.

I also asked about the production increase to 2000tpd and what reserve increase did they need to justify this (somebody on our board had asked this question, and I remembered it, but somehow it did not make it onto the list of questions). Basically, they need to double the reserve to 2.4 million tonnes before they will upgrade to 2000tpd, and they seem to be quite confident that this will happen.

They are looking to for a minimum 5 year mine life, and at one point during the discussion the 10-12 year timeframe was also mentioned. I believe that although they cannot officially say it, I think they believe that they have much more economic ore at La Negra than the current published non-43-101 compliant reserves.


1a. There is widespread confusion concerning the concentrate(s). Please supply your investors with a full breakdown for the quarter including tonnage mined and concentrates produced including the average metal contents for each (please see last page attachment for an example). Has pay been received for all or a part of the concentrates shipped? How much?

They could not do this yet because during the last quater they were not yet considered a "commercial producer". They are prevented from publishing detailed numbers and production figures until they are classified as a commercial producer and not just an explorer. For this current quarter, now that are officially a commercial producer and I have expressed our hope to both Ken and Ron that we will now see more detailed numbers (full disclosure), and they assured me we will.

2. If the lower than projected production of concentrate was only temporary (due possibly such things as processing lower grade material), then why is the forecasted annual cashflow only $20 million ($.21/sh)? You report that your costs are inline with projections, and steps are being taken to lower them further, so based on your forecasted concentrate production of 440 tonnes/week, should your annual cashflow not be closer to double what you are forecasting, i.e., 35-40 million?? The bottom line is that 20 million projected annual cash flow is much lower than expected and is disappointing. Can you provide updated figures for your rock value/tonne and you production cost/tonne?

First, they are using rock values that are lower than the current market values and they said that they would rather be conservative, than project cashflow that proves to be too high - as I mentioned above they are conservative, not promotional types.

Second, with the above in mind, their explanation of the hit they they take on transport of the concentrate and smelter fees, and the actual recovery rates, is probably higher (the hit) than we had estimated. Bear in mind that they have to tranport the concentrate by road to a seaport (more expensive than ocean freight), where the smelting company then stockpiles it with concentrates from other companies (yes they are all mixed together) before the concentrates are shipped by sea to whatever facility they (the smelting company) are using - could be Chile, could be in Europe, it depends on a number of factors inlcuding maket demand. Aurcana has to pay for the sea freight charges of its concentrate. The smelther also uses a historical standard for recovery rates for calculating payouts, so for example, it does not matter what percentage of zinc the smelter actually recovers our the concentrates, the only pay Auracana for their zinc based on 85% recovery, even if they actually recovering 95%. In fact, Aurcana and other companies are now pushing the smelters to up the payout on zinc to 95% because new technology has enabled the smelters to now recover this much zinc from the concentrates, yet they still only pay 85%. Aurcana is also not big enough to negotiate special contracts directly with the smelters as large ming companies can, so they their ability to negotiate better deals is severely limted.

3. What net impact does the rising Canadian dollar have on your bottom line, and how are you planning to take advantage of your resulting increased purchasing power? Will you accelerate plans to acquire other properties?

They are actively looking at other projects and companies for possible acquisition... Stay tuned.4. Do you have any professional Canadian or American mining engineers on staff, or on the board, and if so why not? You are now a mining company with producing mines, and with all due respect, geologists should not be running mining and processing operations. Do you not think that, at minimum, an audit of your mining, processing, and maintenance methods by a Canadian mining engineer with 20+ years experience with similar types of operation is in order? It is often the case that significant improvements in operations efficiency can be found in these areas by highly experienced 'outside' mine engineers/managers.

They have sent down a Canadian mining engineer for an outside opinion on the projects they buy and to evaluate their mining and processing operations. They are also planning to hire this guy sometime this coming spring, as they recognize that they need a mining engineer on staff at the executive level. They mining guy gave the thumbs-up to the properties and the operations.

5. It is my opinion that there has been serious disregard for maintaining shareholder value through the promotion of the company and its operations to the appropriate investment/analyst community (Bay St. fund managers, etc.). The addition of Jack Barnes to manage investor relations, and your attendance at this conference, are certainly steps in the right direction, but how do your respond to these concerns, and what actions, specifically, do you plan to undertake to correct this serious deficiency/oversight and repair the serious damage that has been done to shareholder value? Furthermore, when will be there analyst coverage of Aurcana, and when will there be an organized analyst tour of operations in Mexico?

They are doing their best while acknowledging previous shortcomings, and now with JB on board, they plan to be much more active. They had organized an analyst tour, but apparently some Yamana thing ended-up being scheduled at the same time forcing cancellation of AUN's tour. Nothing definite has been organized or rescheduled yet... The impression I get is that analysts want to see a litte more from them before they start to get excited about AUN.

Anyway, apparenty Roulston was plugging AUN again at the conference (I did not see him), and they are trying to get some other newsletter guys on board. We have to remember that there is alot going on in the industry right now, so the comptetion for the investment community's attention is fierce.

6. When will be you finalizing an agreement with Agoracom for their services, to supplement and/or compliment the IR operations of Aurcana Management. Agoracom will conduct and post interviews with company executives, spam Blackberry’s, Yahoo Finance and other news media with your news releases, thereby exposing the company to a much broader 'audience' than it currently retains. Agoracom will also manage a monitored investors forum as part of the Aurcana hub that it would create, which be a one-stop location for all company news, interviews, and other company information. I know you have received their proposal and are aware of the services they can provide, so when will you be acting on it?

This is still on the table...

7. Finally, when will the first 43-101 compliant resource/reserve be completed and made public? This is desperately long overdue and Aurcana, in terms of its market capitalization, has been a slowly sinking ship without it.

43-101 early November barring some world calamity... They are very uneasy committing to any timeframe given all of the problems they have experienced getting this done, but with that caveat in mind, they are fully expecting that it will be published in early November.

Regards,

B.

[Schnuckelinchen]

Antwort auf Beitrag Nr.: 32.115.942 von Maigret am 23.10.07 08:25:37

Das hört sich doch alles ziemlich gut an. Die momentanen Kurse preisen diese Infos jedenfalls überhaupt nicht ein. Also nutze ich mal das aktuelle Niveau zum Positionsaufbau.

[Maigret]

Man muß den Markt nicht verstehen….

Im März hat man schlappe 21 Mio CAD zu 1,25 CAD je Aktie eingesammelt.

- Seitdem hat sich trotz des Anstiegs des CAD ggü. dem USD der Wert des AUN Metal-Baskets kaum verändert (in USD sogar Steigerung um. ca. 15%-20% von 220 USD/T auf ca. 260 USD/T für Rosario u. La Negra)
- Man hat in der Zwischenzeit eine 1000 tpd Mine erfolgreich in Betrieb genommen.
- Die lang ersehnte Bestätigung der Ressourcen/Reserven nach N43-101 steht nun auch endlich kurz bevor.
- Man hat ein Drilling-Programm gestartet um diese zu erweitern und damit den Minen-Lifecycle zu verlängern.
- Man redet ganz offen von einer Produktionsverdoppelung auf 2000 tpd.

Der Aktienkurs steht aktuell aber um ca. 30% niedriger bei 0,88 CAD. So sehen Schnäppchen aus…
Wie singt Axl Rose so schön.. "All we need is just a little patience.." Ich habe heute mein Säckchen endgültig vollgeladen. Jetzt kann es losgehen...

Im November 2008 laufen die 8,5 Mio Warrants aus der Kaperhöhung zu 1,85 CAD aus… Man wird sich bis dahin genügend einfallen lassen damit diese im Geld sind. Mark my words !

[Schnuckelinchen]

Antwort auf Beitrag Nr.: 32.125.952 von Maigret am 23.10.07 21:05:43

Hast gut die wesentlichen Kaufargumente herausgearbeitet. Hab bislang nur nebenher aufgesammelt und noch nicht mal eine richtige Handtaschenposition zusammen. Überlege aber hier grösser einzusteigen, die Umsätze in Kanada sind ja so, dass man bequem sechsstellige Stückzahlen an einem Handelstag zusammenbekommen kann.

[Schnuckelinchen]

Heute sind sie nochmals billiger zu haben.

[schmacki]

Bei AUN kann man zu diesen Preisen wirklich nichts falsch machen!

[JMoutinho]

Nur geht es momentan weiterhin nach unten.
Sobald ein Boden gefunden ist steige ich mit Euch ins Boot

[Maigret]

Antwort auf Beitrag Nr.: 32.162.946 von JMoutinho am 26.10.07 15:01:18

Endlich auch ein paar Insider-Käufe.... Könnte letzte Woche das Tief gewesen sein.

Oct 26/07 Oct 26/07 Netolitzky, Ronald Kort Direct Ownership Common Shares 10 - Acquisition in the public market 500 $0.860
Oct 26/07 Oct 26/07 Netolitzky, Ronald Kort Direct Ownership Common Shares 10 - Acquisition in the public market 24,500 $0.870

[Schnuckelinchen]

Antwort auf Beitrag Nr.: 32.183.471 von Maigret am 29.10.07 08:52:43

Ja, könnte sein. Die Schlussglocke für noch erforderliche Bestandsarrondierungen ist jedenfalls eingeläutet.

[Maigret]

more good news.... Für Rosario ist jetzt von 1200 tpd die Rede.


November 5, 2007

Aurcana Corporation: Rosario Project Continues to Advance

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 5, 2007) - Aurcana Corporation ("Aurcana" or the "Company") (TSX VENTURE:AUN) is pleased to report the progress made on the re-opening of the 100 per cent owned silver-zinc-lead-gold Rosario mine in southeastern Sinaloa State, Mexico. Aurcana is forecasting to incrementally increase the capacity of the mill by 100 per cent from the historical production rate of 600 tonnes per day to a maximum level of 1200 tonnes per day with a start up level at 800 tonnes per day.
To assist in meeting its goal of production start up in the last quarter of 2008, Aurcana has acquired a critical piece of mill equipment. Currently, lead times in the mining industry for both mill equipment and mining equipment are becoming increasingly longer but Aurcana has been successful in securing a SAG ("Semi-Autogenous Grinding") mill that will be instrumental in the refurbishment of the Rosario mill and ensure that timelines are maintained. The SAG mill is capable of processing up to 1200 tonnes per day.

The Company is also pleased to announce that Constructora Bavixi, S.A. de C.V. ("Bavixi") has been retained to assist the Company in the refurbishment of the mill and the mine. Bavixi has worked with Aurcana at the La Negra mine and has all the necessary equipment and personnel to help Aurcana achieve its targets at Rosario. Aurcana has already initiated many of the tasks needed to ready the mill for refurbishment and will now begin to prepare the underground workings for both development and exploration.

An underground diamond drill contract is being negotiated with CAMMSA, and drilling will commence once Bavixi prepares underground drill stations. A total of 3000 metres of drilling is planned for the first stage of exploration which will initially target the Plomosas vein and the Lead - Zinc stock work zone.

Surface exploration is also continuing on the 8,515 hectare property. The former owner identified numerous targets and geologists at site are continuing to follow up on these targets in order to prioritize them for diamond drilling.

"I am very pleased with the progress to date at Rosario. The ability to secure a critical piece of equipment like the SAG mill and the hiring of Bavixi and CAMMSA is once again a testament to the ability of Aurcana and its operating team in Mexico to advance its projects at a time in the mining industry when key equipment and personnel are at a premium. I want to acknowledge the dedication and commitment of our people," says Mr. Ken Booth, President, Aurcana Corporation.

Aurcana remains committed to becoming a mid tier base-precious metals producer. The Company is focused on the acquisition, development and operation of silver, zinc and copper mines with good infrastructure and ore reserves/resources requiring minimal time to re-start. With a very positive outlook for the price of commodities, a strong balance sheet, 1,000 tonnes per day production currently established at La Negra and Rosario adding an additional initial production of 800 tonnes per day by the end of 2008, the future is very promising for Aurcana and its shareholders.

Ron Nichols, P.Eng., a Director and Vice President of Exploration for Aurcana, and a Qualified Person as defined by National Instrument 43-101, supervised the preparation of the technical information in this release. The reader should be cautioned the Company has not completed a feasibility study confirming the projected production capacity at Rosario and there is no certainty the Company's plans will be economically viable.

ON BEHALF OF THE BOARD OF DIRECTORS OF AURCANA CORPORATION

Ken Booth, President

[schmacki]

Der Kurs ist ein Witz!

[kobv]

Antwort auf Beitrag Nr.: 32.302.625 von Maigret am 06.11.07 06:23:50

Hallo, ich verfolger AUN seit einigen Monaten, wie siehst Du das Potential in 1 Jahr?

Grüße
kobv

[Maigret]

Antwort auf Beitrag Nr.: 32.309.904 von kobv am 06.11.07 16:07:21

Wenn Sie es schaffen mit einer exit-rate von ca. 3.000 tpd aus dem Jahr 2008 zu gehen bei heutigen Rohstoffpreisen 200-250%....

Darüber hinaus Phantasie durch eine weitere Akquise und vielleicht einen Big Bang bei der Exploration. Das kann/möchte ich aber nicht bezifferen...

[Schnuckelinchen]

Antwort auf Beitrag Nr.: 32.310.129 von Maigret am 06.11.07 16:16:16

Ein Verdoppler in einem Jahr würde mir reichen. Hier kann man m.E. nac h derzeitigem Infostand nichts falsch machen.

[Schnuckelinchen]

Gerade rechtzeitig nach Abschluss meines zugegeben umfangreichen Kaufprogrammes beginnt der Kurs zu steigen, immerhin rund 10 Prozent plus heute.

[Maigret]

weitere Insiderkäufe....

Nov 09/07 Nov 09/07 Netolitzky, Ronald Kort Direct Ownership Common Shares 10 - Acquisition in the public market 17,000 $0.900
Nov 09/07 Nov 09/07 Netolitzky, Ronald Kort Direct Ownership Common Shares 10 - Acquisition in the public market 30,000 $0.890
Nov 09/07 Nov 09/07 Netolitzky, Ronald Kort Direct Ownership Common Shares 10 - Acquisition in the public market 20,000 $0.880
Nov 09/07 Nov 09/07 Netolitzky, Ronald Kort Direct Ownership Common Shares 10 - Acquisition in the public market 33,000 $0.870

[Maigret]

weitere Insiderkäufe von Netolitzky....

Nov 09/07 Nov 09/07 Netolitzky, Ronald Kort Direct Ownership Common Shares 10 - Acquisition in the public market 17,000 $0.900
Nov 09/07 Nov 09/07 Netolitzky, Ronald Kort Direct Ownership Common Shares 10 - Acquisition in the public market 30,000 $0.890
Nov 09/07 Nov 09/07 Netolitzky, Ronald Kort Direct Ownership Common Shares 10 - Acquisition in the public market 20,000 $0.880
Nov 09/07 Nov 09/07 Netolitzky, Ronald Kort Direct Ownership Common Shares 10 - Acquisition in the public market 33,000 $0.870

[Maigret]

geklaut aus Stockhouse:

BB-Empfehlung für AUN von Jay Taylor (das ist der mit dem extrem gefärbten 70er Jahre Seitenscheitel....)


in newsletter some high lites Aun plans to double mill capacity to 2,000 tons TPD, started 15,000 meter drilling on 23 ore bodies, believes aun has a signifigant upside potential feels it is a rather low multiple at 4 times cash flow for a especially in a silver bull market, if goes as planned AUN will provide a cash flow of 40 million in 2009 and cash flow will be even higher if metal prices continue to trend higher,very experienced management team ...summary in next few weeks AUN to provide 43 101 and results from first quarter of operations with 43 101 should be able to provide a detailed guidance for future cash flow if company can deliver on these kind of numbers expects that there will be very good upside, larger operation because of other 23 ore bodies companiy expects to expand based on these ore bodies, In Rosario historical silver grades is twice as high as La Negra plus signifigant ...ending conclusion as follows...AUN has a market cap of only 84 million and 16.5 million in the bank,It has a real possibility in our view of generating operating flow of 20 million in 2008 very real chance of tripling that over the following two years A strong balance sheet should allow AUN to achieve its production goal without any further dilution of its stock, according to the management. In addition its shares came down more than 50% during recent correction and are trading at 30% below it's recent private placement level. All things consider we believe AUN has alot of upside if it can continue delivering intopm2008... we have some new blood interested in AUN now next week should be interesting...coswil

[Maigret]

geklaut aus Stockhouse: Infos der AUN-IR an einen Shareholder (unter Vorbehalt...)

Wow, I will be holding this stock for a long, long time. 43-101 should be out next week with a definitive decision on whether to go to 2000TPD soon after. Q3 will be released before the end of the month meeting. They have about $14.5 Million in the coffer. (He will verify and confirm with me whether cash is being held in CDN or US dollars). I asked whether any acquisitions in the works. Jack kinda told me a little too much, and I promised him I would not give out any details. Let's just say we have a couple reasons why we might soon have only about $8.5 Million in the coffer (not taking into account current cash flow). Once 43-101 is out we will probably see analyst coverage. They are going to a conference in San Fransisco this month. Plus They are making a trip out to Zurich to meet with some big holders that might want a bigger piece of the pie. Apparently they already own about 15% of the company and are looking to increase. I also asked about the cost of the new SAG mill for Rosario. He said he did not know off the top of his head, but he would look into it for me. We had an awesome conversation.


Acquisition ante portas

[Maigret]

3 schöne Gründe für einen grünen Tag. Aber ob das reicht sich dem besch... Marktumfeld zu entziehen

[Schnuckelinchen]

Antwort auf Beitrag Nr.: 32.391.843 von Maigret am 12.11.07 13:01:10

Es hat gereicht, dabei war nicht mal eine einzige mir bekannte Person am Markt aktiv...

Glaube übrigens nicht, dass wir die nächste Zeit einen Crash bekommen obwohl manche Werte mittlerweile schon einen deratigen Kursverlauf aufweisen
Wird m.E. auf das Jahresende eher wieder moderat besser laufen, dann müsste dieser Wert auch anziehen können.

@ maigret:

verfolgst Du eigentlich noch die GCM? Hab den einen von Dir ins Leben gerufenen Thread dazu mal aktivieren lassen, finde den Wert mittlerweile wieder interessant. Ist übrigens heute gegen den schwachen Trend auch gestiegen

[Maigret]

Antwort auf Beitrag Nr.: 32.401.174 von Schnuckelinchen am 13.11.07 00:15:03

@Schnuck
zu GCM - habe den Wert die letzten Monate nicht mehr aktiv verfolgt. Ist ja mehr oder weniger ein Zock auf die politischen Verhältnisse in Bangladesh, nicht mehr unbedingt meine Spielwiese. Außerdem klebt Blut an dem Projekt nachdem meines Wissens bei einer Demo gegen die Mine und die Verlagerung der dortigen Bevölkerung auch Menschen getötet wurden. Damit muß man kein Geld verdienen...

[Schnuckelinchen]

Antwort auf Beitrag Nr.: 32.401.526 von Maigret am 13.11.07 06:31:24

@ Maigret:

danke für Deinen Kurzkommentar zur GCM. Die Vorfälle mit dieser Demo waren mir nicht bekannt. Allerdings halte ich das nicht für einen Grund, hier kein Engagement einzugehen. Nach diesem Kriterium dürfte man dann bei sehr vielen Gesellschaften garnicht investiert sein.

Grüsse
S.

[Maigret]

Antwort auf Beitrag Nr.: 32.411.717 von Schnuckelinchen am 13.11.07 17:56:22

Link zur vollständigen Taylor Empfehlung:
http://www.aurcana.com/i/pdf/jtaylor-nov092007.pdf


"Nach diesem Kriterium dürfte man dann bei sehr vielen Gesellschaften garnicht investiert sein."

Ich bitte Dich, wieviele Gesellschaften kennst Du denn bei denen es bei Protesten gegen eine Mine Todesopfer gab ?
Wenn ich mich richtig entsinne müßen da ein paar Tausend Menschen zwangsumgesiedelt werden. Das ist einfach Scheiße...

[Maigret]

Nov 15/07 Nov 08/07 Huerta, Salvador Direct Ownership Common Shares 10 - Acquisition in the public market 10,000 $0.990

aktuelles Interview auf Stockhouse mit Jack Barnes von der IR.
Redet über Akquise von 2 weiteren Minen und einem langfristigen Ziel von 100 Mio Cash-Flow p.a.....

Maigret

[schmacki]

Wenn erstmal der Abwärtstrend bei 1 Dollar überwunden ist,dann läufts...! Glaube in einem Jahr können Wir über solche Kurse lachen,also kaufen so lange AUN billig ist!

[Maigret]

Antwort auf Beitrag Nr.: 32.529.982 von schmacki am 22.11.07 21:13:50

Na das Teil hält sich doch tapfer in den letzten Wochen in der Range zwischen den low 80es und 1 CAD. Aktuell mal wieder bei 94 Cent.
Mit den Einkäufen der letzten Wochen bis dato also nicht viel falsch gemacht.

Gibt ja nicht viele Rohstoffwerte die in den letzten Wochen ohne Newsflow kaum oder nix abgegeben haben.

Nächste Woche kommt Bewegung in die Sache. Q-Report oder N43-101. Ich spürs

[Maigret]

Antwort auf Beitrag Nr.: 32.530.311 von Maigret am 22.11.07 21:31:54

BMO Nesbitt hat gegen Ende das ASK leer gekauft....


15:57:55 V 0.98 +0.09 7,500 9 BMO Nesbitt 5 Penson K

15:57:54 V 0.97 +0.08 500 9 BMO Nesbitt 46 Blackmont K

15:57:44 V 0.97 +0.08 2,000 9 BMO Nesbitt 2 RBC K

15:57:35 V 0.95 +0.06 5,000 9 BMO Nesbitt 7 TD Sec K

15:57:35 V 0.95 +0.06 5,000 9 BMO Nesbitt 7 TD Sec K

15:57:23 V 0.94 +0.05 9,500 9 BMO Nesbitt 88 E-TRADE K

15:57:23 V 0.94 +0.05 7,500 9 BMO Nesbitt 88 E-TRADE K

15:57:11 V 0.93 +0.04 2,000 9 BMO Nesbitt 7 TD Sec K

15:57:11 V 0.93 +0.04 1,000 9 BMO Nesbitt 124 Questrade K

15:11:26 V 0.94 +0.05 500 9 BMO Nesbitt 88 E-TRADE K

[Schnuckelinchen]

Antwort auf Beitrag Nr.: 32.530.311 von Maigret am 22.11.07 21:31:54

Deinem Gefühl vertraue ich
Aurcana ist nach Orvana mittlerweile meine Nummer 2 von der Gewichtung im Rohstofflangfristdepot.
Der CAD ist mittlerweile auch wieder auf attraktivem Niveau, was will man mehr?

[Schnuckelinchen]

Eigentlich wollte ich heute meinen Bestand hier noch etwas aufrunden und eine bescheidene Order plazieren. Scheint aber kaum Volumen am Markt zu sein. Weiss jemand wo man sich das OB ansehen könnte?

[JMoutinho]

Hallo Maigret.
bin seit dieser Woche auch in Aurcana investiert.

Hier ist bis zunächst etwas Geduld noch gefragt.

Auf steigende Kurse

[Schnuckelinchen]

Naja, jetzt hab ich voller V erzweiflung halt nochmal eine kleine 100k Order zu 0.93 eingestellt. Würde mich aber wundern wenn die heute geht.

[Maigret]

Antwort auf Beitrag Nr.: 32.540.514 von Schnuckelinchen am 23.11.07 16:18:51

Also Nordnet zeigt realtime nur 23k auf der Bid zu 0,93 an…..

Unter TSX siehst du zumindest eine zeitverzögerte ASK-Summe..
BID
Orders Volume Price Range
9 52,500 0.880-0.930
ASK
Price Range Volume Orders
0.960-1.000 94,500 19

95 k kannst Du also unter 1 CAD abgreifen…. Ran an die Bulletten….

@JMoutinho
Willkommen, Geduld ist immer gut.
Aber nicht vergessen: mit einem Auge auch immer auch die Basemtetall-Preise schielen und nach nem guten Newsflow im aktuellen Umfeld auch mal ein paar Gewinne mitnehmen...

[Schnuckelinchen]

Antwort auf Beitrag Nr.: 32.540.785 von Maigret am 23.11.07 16:36:31

Danke Maigret,

hab leider auch nur zeitverzögerte Kurse, meine Order sehe ich aber mittlerweile
Allerdings wollte ich weniger den Kurs hochtreiben als vielmehr halbwegs günstig kaufen. Nordnet kenne ich (noch) nicht.

Was Gewinnmitnahmen angeht sehe ich das genauso. Hab meine Strategie entsprechend angepasst und kaufe nun gleich zu Beginn sehr viel mehr Material als langfristig erwünscht um bei einem allfälligen Kursanstieg Munition zum Verkaufen zu haben und so den Langfristbestand quasi für umsonst zu bekommen.

[Schnuckelinchen]

Antwort auf Beitrag Nr.: 32.540.514 von Schnuckelinchen am 23.11.07 16:18:51

Immerhin schon 77k bekommen, da hat wohl am heutigen Kauf-Freitag noch jemand grössere Anschaffungen vor.

[Maigret]

Zahlen sind draußen. Operativer Cash Flow 754,000 USD.
Fehlt noch ein bisserl was zu den 20 Mille p.a.
Aber o.k. SOP-Quartal, das wird noch..
Schätze der Markt macht da erst mal ein Non-Event daraus.

Jetzt müßen N43-101, die ersten Drill-Ergebnise der 15k meter Bohrungen oder eine Akqui-News die erhofften Impulse bringen.

Maigret



AURCANA CORPORATION
Report to Shareholders and
Management Discussion and Analysis of
Financial Position and Results of Operations
For the Nine Months Ended 30 September 2007
1
22 November 2007
This Management Discussion and Analysis (“MD&A”) should be read in conjunction with the audited
consolidated financial statements as of and for the year ended 31 December 2006 and the unaudited
interim consolidated financial statements for the nine months ended 31 September 2007.
Additional information, including the audited consolidated financial statements and the notes thereto, for
the year ended December 31, 2006, can be found on SEDAR at www.sedar.com. All amounts are
expressed in Canadian dollars unless otherwise indicated.
To the Shareholders
General
We are pleased to report the results for the nine months ended 30 September 2007 including the results
from our silver-copper-lead-zinc mining operations at the La Negra mine, as well as the continuing
development of the Rosario project. Net income for the nine-month period was $389,738 ($0.00. per
share basic and diluted) before non-cash items and the net loss was $3,373,795 ($0.04 per share basic
and diluted) after non-cash items. Sales for the third quarter under review were $3,936,456. Net income
for the quarter was $754,142 ($0.01 per share basic and diluted) before non-cash items and a loss of
$144,422 ($0.00 per share basic and diluted) after non-cash items.
Nature of Business
Aurcana Corporation (the Company) was incorporated under the laws of Ontario on October 12, 1917
under the name “Cane Silver Mines Limited” and was continued under the Canadian Business
Corporations Act on September 14, 1998 under the name Aurcana Corporation. Aurcana is a reporting
issuer in British Columbia, Alberta and Ontario.
The Company is listed on the TSX Venture Exchange under the symbol AUN and is engaged in the
business of mining, exploration and development of mineral properties. The principal focus is the
operation and development of mineral properties, primarily, Silver-Copper-Zinc-Lead mines in Mexico.
The Company is currently operating the La Negra mine, through its 80% joint venture share in Real de
Maconi S.A. de C.V. in the state of Queretaro and is redeveloping the Rosario mine, through it 100%
owned subsidiaries Aurcana de Mexico S.A. de C.V. and Minera Aurcana S.A. de C.V in the state of
Sinaloa.
The Company began recognizing revenues from the La Negra mine on 01 July 2007, upon reaching
consistent production targets beyond 75% of production in the month of June. Acquisition of the Rosario
silver-lead-zinc-gold property located in south eastern
Sinaloa State, Mexico was completed during the quarter and development is well underway, such that
management remains committed to beginning production at this facility in the last quarter of 2008.
AURCANA CORPORATION
Report to Shareholders and
Management Discussion and Analysis of
Financial Position and Results of Operations
For the Nine Months Ended 30 September 2007
2
Overall Performance
La Negra
The Company continues to benefit from strong metal prices and has good cash and working capital
position.
During the third quarter the operation performed as expected. Efforts during the first six months of 2007
were concentrated on ensuring the mill was reconditioned to obtain a capacity of 1,000 tonnes per day,
an increase of 25% of the previous operating capacity.
Morale at the mine continues to be high and recent monthly production levels at the mine are on target
with expectations of an average of 1,000 tonnes per day and monthly sales on target with expectations. A
significant level of the stock pile inventory has been processed through the mill. It is expected that with
the recent acquisition of new underground equipment the mine will sustain production to meet mill
throughput.
Subsequent to the end of the period under review, a 15,000 meter underground diamond drill exploration
program commenced.
Rosario
On 22 February 2007, the Company received Exchange approval to enter into an Option Agreement to
acquire, through its subsidiary, Aurcana de Mexico, an 100% interest in a silver-zinc-lead-gold Property,
Rosario (Rosario) located in Sinaloa State, Mexico for $US 3,000,000.
Following its technical and legal review of the Rosario Property, the Company on 7 August 2007
exercised the Option to Purchase and executed a Sale and Purchase Agreement to acquire a 100%
undivided interest in Rosario, under the following terms
22 Feb 2007 US $250,000 upon signing the option agreement (paid)
7 August 2007 US $250,000 upon signing the purchase agreement (paid)
7 February 2008 US $1,250,000
7 February 2009 US $ 1,250,000
Development at the Rosario site has been proceeding well and the Company expects to begin production
from the mine before the end of fiscal 2008. To assist in meeting its goal of production start up in the last
quarter of 2008, Aurcana has acquired a critical piece of mill equipment. Currently, lead times in the
mining industry for both mill equipment and mining equipment are becoming increasingly longer but
Aurcana has been successful in securing a SAG ("Semi-Autogenous Grinding") mill that will be
instrumental in the refurbishment of the Rosario mill and ensure that timelines are maintained. The SAG
mill is capable of processing up to 1200 tonnes per day.
AURCANA CORPORATION
Report to Shareholders and
Management Discussion and Analysis of
Financial Position and Results of Operations
For the Nine Months Ended 30 September 2007
3
Selected Quarterly Information
All of the quarterly financial information referenced below has been prepared in accordance with
Canadian generally accepted accounting principles, applied on a consistent basis:
Q3 Q2 Q1 Q4
Quarter Ended
30 September
2007
30 June
2007
31 March
2007
31 December
2007
Total Revenues $ 3,936,456 $ - $ - $ -
Purchase of Equipment $ 330,771 $ 358,418 138,504 80,339
Expenditures on Mineral Properties $ 1,495,895 $ 845,276 2,161,753 3,293,897
Income (loss) before other items $ (144,422) $ (164,761) (3,086,219) (1,395,015)
Net Income (loss) $ (144,422) $ 102,261 (3,331,634) (1,922,656)
Income (loss) per share $ (0.00) $ 0.00 (0.04) (0.03)
Q3 Q2 Q1 Q4
30 September
2007
30 June
2007
31 March
2007
31 December
2007
Total Revenues $ - $ - - -
Purchase of Equipment $ $ 190,212 - -
Expenditures on Mineral Properties $ 120,804 $ 2,688,219 58,519 82,569
Income (loss) before other items $ (1,482,114) $ (34,968) (45,628) (66,583)
Net Income (loss) $ (1,210,249) $ (45,874) (52,867) (238,716)
Income (loss) per share $ (0.01) $ (0.00) (0.00) (0.01)
The third quarter marks the first quarter in which the Company has recognized sales and therefore
comparatives are difficult to provide, however, La Negra Mine shipped close to $5,000,000 worth of
concentrate in the quarter, of which $3,936,456 represents the company’s 80% share of the joint venture.
In the prior periods the Company has recorded net losses as it has been in the process of acquiring and
bringing into operation the mine at La Negra. The second quarter of 2006 included the initial acquisition
of the La Negra property and the first quarter of 2007 includes a stock-based compensation expense of
$2,863,621 related to stock options grants, all of the options vest upon granting, the expense is
recognized in the quarter. The 2nd quarter of 2007 saw net income principally as a result of a foreign
exchange gain and interest on cash balances.
Results of Operations
Production
Production, at La Negra, for the three and nine months ended was 74,000 metric tonnes of ore producing
3,800 tonnes of concentrate and as this is the first quarter of production it is not possible to compare
production rates with historic results. The target production levels are 1,000 of ore production per day on
a 75 day quarter for a total expected production of 75,000 metric tonnes.
Sales
The mine generated sales of $4,951,000 during the quarter ended 30 September, of which the
Company’s share is $3,936,000. Comparatives are, again, not possible as the Company had no prior
sales.
AURCANA CORPORATION
Report to Shareholders and
Management Discussion and Analysis of
Financial Position and Results of Operations
For the Nine Months Ended 30 September 2007
4
Operating Margin
The Company’s gross margin for the quarter under review was $1,194,000 or 30%, and reflects the
efforts that the Company has made to bring production to market quickly. The cost of sales for the three
months ended 30 September 2007 were $2,742,000 and will result in lower cost of sales in the future.
Operating costs during this quarter which marked the Company’s first commercial production are
expected to be lower in subsequent quarters . Recent equipment acquisitions, along with scheduled
maintenance and final refurbishments of existing facilities continue to result in improved efficiency.
Other Expenses
Administrative expenses net of other items, totaled $543,000 as follows:
Q3 2007 Q2 2007
Management fees $ 37,000 $ 31,000
Rent and overhead 7,000 13,000
Travel and accommodation 17,000 44,000
Office and stationary 310,000 34,000
Insurance 10,000 6,000
Consulting 162,000 61,000
$543,000 $ 188,000
No year to year comparatives have been provided, for lack of history. It should be noted by the reader
that many costs were deferred until the current quarter as the Company was in start-up mode. The
preceding period costs exclude the administrative costs associated with La Negra as those costs have
previously been capitalized and are expensed over time as a part of mineral properties.
The two predominant increases in administrative costs are in office and consulting, the former is a result
of the recognition of the office costs at La Negra (including specific administrative management fees) and
the latter a one-time charge for the work on a 43-101 report on the mineral properties at La Negra.
Income
Net loss for the current quarter of $144,000 ($0.00 per share basic and diluted) compares with a loss of
$1,482,000 ($0.01 per share basic and diluted) from the same period in 2006.
Net loss for the nine months of $3,374,000 ($0.04 per share basic and diluted) compares with a loss of
$1,692,000 ($0.03 per share basic and diluted) from the same period in 2006.
AURCANA CORPORATION
Report to Shareholders and
Management Discussion and Analysis of
Financial Position and Results of Operations
For the Nine Months Ended 30 September 2007
5
Cash Flows
Cash flow from operating activities (before changes in non-cash working capital) for the quarter was
$754,000 compared to the cash flow of $181,000 for the same period of the previous year. For the nine
months ended 30 September 2007, the Company generated a positive cash flow from operations (before
changes in non-cash working capital) of $390,000 compared to negative cash flow of $143,000 for the
same period in the prior year.
Within non-cash working capital for the nine-month period, the most notable changes for the current
quarter were a $1,008,000 increase in trade accounts receivable, a $1,537,000 increase in other
accounts receivable, a $296,000 increase in inventory, and a $1,550,000 increase in accounts payable
providing a net cash inflow of $1,213,000 from changes in non-cash working capital items.
For the nine-month period, the Company received completed a $21,000,000 financing and received, net
of expensed, $20,020,000 from the issuance of shares (see “Outstanding Share Capital”), and repaid
$1,130,000 of long-term debt.
After taking into account $4,503,000 incurred on mineral property development and capital asset
purchases of $785,000, there was a net increase in cash balances of $14,820,000 for the nine months
ended 30 September 2007.
At 30 September 2007, cash balances totaled $14,820,000.
Liquidity
The working capital position of the Company is positive. Current assets exceed current liabilities by
$14,264,000 compared to a working capital deficiency of $922,000 at 31 December 2006. While
management expects positive cash flow from the La Negra operation there will still be considerable
outflows in the near term as the Rosario project is developed.
Outstanding Share Capital
As at 30 September 2007 (and as at the date hereof) the Company had outstanding 90,368,933 common
shares. In addition the Company had outstanding 5,100,000 share purchase options and 10,105,950
share purchase warrants for total diluted shares outstanding of 105,574,883.
As at the date hereof, the Company had outstanding 90,493,933 common shares, which reflects the
exercise of 125,000 options subsequent to 30 September 2007. In addition, the Company has
outstanding 4,975,000 share purchase options and 10,105,950 share purchase warrants for total diluted
shares outstanding of 105,574,883.
For the nine-month period, the Company closed private placements of 16,850,000 shares for net
proceeds of $19,770,110. In addition the company issued 2,114,631 shares for property and issued
475,000 shares on the exercise of options for total cash proceeds of $280,250.
Risk Factors
The operations of Aurcana are speculative due to the high risk nature of its business which involves the
exploration and development of mining properties. The detailed list of the nature of the risk faced is
disclosed in the annual management discussion and analysis report at 31 December 2006. This is
available on SEDAR at www.sedar.com
Off-Balance Sheet Arrangements
The Company had no off-balance sheet arrangements as at June 30, 2007 or as at the date hereof.
AURCANA CORPORATION
Report to Shareholders and
Management Discussion and Analysis of
Financial Position and Results of Operations
For the Nine Months Ended 30 September 2007
6
Transactions with Related Parties
During the nine month period ended 30 September 2007, the Company paid or accrued:
During the 9 month period ended September 30, 2007, the Company paid or accrued
• Management fees of $112,875 (2006 - $75,250) to a company controlled by common directors;
• Administrative management fees of $211,104 (2006 - $Nil) to a company controlled by a director in
relation to the Company’s La Negra and Rosario projects in Mexico;
• Technical, geological and consulting services of $58,550 (2006 - $35,255) to a company controlled by
a director;
• consulting fees of $74,810 (2006 - $37,374) to a company controlled by an officer;
• consulting fees of $18,500 (2006 - $Nil) to an officer; and
• Rent of $19,300 (2006 – 22,500) to a company controlled by common directors;
As at September 30, 2007:
• Prepaid expenses and deposits included an amount of $6,625 (December 31, 2006 - $6,625) for
management fees paid to a company controlled by common directors; and
• Accounts payable included $6,513 (December 31, 2006 - $37) to an officer and to a company
controlled by an officer.
Commitments
Supply agreement
On November 14, 2006, Minera La Negra signed a purchase contract with Trafigura Beheer B.V.
(“Trafigura”) whereby Trafigura agreed to purchase 100%, evenly spread from January to December, of
copper concentrate to be produced during the years 2007, 2008 and 2009 by the La Negra Mine.
Production is estimated to be 8,000 to 10,000 tons per year for prices based on the published prices in
the Metal Bulletin in London in US dollars
Minera La Negra also signed a purchase contract with Trafigura whereby Trafigura agreed to purchase
100% of zinc concentrate to be produced during the year 2007 by the La Negra Mine based on published
prices in the Metal Bulletin in London in US dollars.
Office Lease
Effective 1 October 2006, the Company executed a lease for new office space for a period of 14.5 months
less two days, expiring on 13 December 2007, at a monthly rate of $3,420 per month.
Effective 1 May 2007, the Company cancelled its existing lease made effective 01 October 2006 and
executed a new lease for new office space for a period of 36 months, expiring on 31 May 2010.
AURCANA CORPORATION
Report to Shareholders and
Management Discussion and Analysis of
Financial Position and Results of Operations
For the Nine Months Ended 30 September 2007
7
Changes in Accounting Policies
Financial Instruments
Effective January 1, 2007, the Company adopted the following new accounting standards issued by the
Canadian Institute of Chartered Accountants:
i) Section 3855 – Financial Instruments – Recognition and Measurement This standard
prescribes when a financial asset, financial liability, or non-financial derivative is to be
recognized on the balance sheet and whether fair value or cost-based methods are used to
measure the recorded amounts. It also specifies how financial instrument gains and losses are
to be presented. The adoption of this standard had no significant effect on these financial
statements.
ii) Section 1530 – Comprehensive Income – This standard requires the presentation of a
statement of comprehensive income and its components. Comprehensive income includes
both net earnings and other comprehensive income. Other comprehensive income includes
holding gains and losses on available for sale investments, gains and losses on certain
derivative instruments and foreign currency gains and losses relating to self-sustaining foreign
operations, all of which are not included in the calculation of net earnings until realized. The
adoption of this standard had no significant effect on these financial statements.
iii) Section 3865 – Hedges - This standard is applicable when a company chooses to designate a
hedging relationship for accounting purposes. It builds on the previous AcG–13 “Hedging
Relationships” and Section 1650 “Foreign Currency Translation”, by specifying how hedge
accounting is applied and what disclosures are necessary when it is applied. The adoption of
this standard had no significant effect on these financial statements.
Financial Instruments
Fair value
The carrying values of cash, accounts receivable, accounts payable and accrue liabilities, acquisition
liability, and loan payable approximate their fair values because of the short-term maturity of these
financial instruments.
The carrying value of notes payable approximates their fair value as this financial instrument bears
interest at an approximate market rate of interest.
Credit risk
The Company's financial assets that are exposed to credit risk consist primarily of cash and accounts
receivable. This risk is minimized to the extent that cash is placed with major financial institutions and
accounts receivable consist of amounts due from Government Agencies.
Currency risk
The Company is exposed to foreign currency fluctuations to the extent expenditures incurred by the
Company are not denominated in Canadian dollars. As at 30 September, the Company had investments
in mineral properties that require the Company to make payments in US dollars and Mexican pesos, and
US dollar and Mexican pesos work commitments. The Company's ability to make these payments to
satisfy its obligations for work commitments will be affected by foreign currency rate fluctuations. The
Company does not utilize derivatives or other techniques to manage foreign currency risk.
As at 30 September 2007, the Company had US $5,078,898 (31 December 2006 $279,037) and Mexican
pesos $2,710,790 (31 December 2006 $528,815) on hand.
AURCANA CORPORATION
Report to Shareholders and
Management Discussion and Analysis of
Financial Position and Results of Operations
For the Nine Months Ended 30 September 2007
8
Forward Looking Statements
This MD&A may contain forward-looking statements including, but not limited to, comments regarding the
timing and content of upcoming work programs, geological interpretations, receipt of property titles, and
potential mineral recovery processes. Forward-looking statements address future events and conditions
and therefore involve inherent risks and uncertainties. Actual results may differ materially from those
currently anticipated in such statements.
Management’s Responsibility for Financial Statements
The information provided in this report including the financial statements, is the responsibility of
management. In the preparation of these statements, estimates are sometimes necessary to make a
determination of future values for certain assets or liabilities. Management believes such estimates have
been based on careful judgments and have been properly reflected in the accompanying financial
statements.
The Company’s management, including the chief executive officer and the chief financial officer, are
responsible for the establishing and maintaining disclosure controls and procedures for the Company,
and have designed such disclosure controls and procedures, or caused them to be designed under the
supervision of management, to provide reasonable assurance that material information relating to the
Company, including its consolidated subsidiaries, is made known to management by others within those
entities, particularly during the period in which the interim filings are being prepared.
As of September 30, 2007, the Company’s certifying officers, being the President and the Chief Financial
Officer, evaluated the effectiveness of the Company’s disclosure controls and procedures. Based on that
evaluation, the certifying officers have concluded that, as of September 30, 2007, the disclosure controls
and procedures were effective to provide reasonable assurance that information required to be disclosed
in the Company’s annual filings and interim filings (as such terms are defined under Multilateral
Instrument 52-109 – Certification of Disclosure in Issuer’s Annual and Interim Filings) and reports filed or
submitted under Canadian securities laws were recorded, processed, summarized and reported within
the time periods specified by those laws and that material information was accumulated and
communicated to management of the Company, including the President and the Chief Financial Officer,
as appropriate to allow timely decisions regarding required disclosure. In conducting the evaluation
management is aware due to the current small size of the Company that it relies upon certain informal
procedures and communication, and upon “hands on” knowledge of senior management. Management
intends to formalize certain of its procedures. In the interim, and until such time as the additional staff has
been identified, the Company will continue to rely on an active Board Management with open lines of
communication to maintain the effectiveness of the Company’s disclosure controls and procedures. It
should be noted that any system of controls whether formal or informal, are based upon certain
assumptions designed to obtain reasonable assurances as to the effectiveness, and there can be no
assurance that any design will succeed in achieving its stated objectives. Lapses in the disclosure
controls and procedures could occur and/or mistakes could happen. Should any such occurrence
transpire, the Company will take all reasonable steps necessary to minimize the consequences thereof.
Additional information on the Company can be found on SEDAR at www.sedar.com and on the
Company’s website at www.aurcana.com

[schmacki]

Antwort auf Beitrag Nr.: 32.548.256 von Maigret am 24.11.07 14:48:30

-15 Mille auf der Bank
-1Mine in Betrieb,die 2,Ende 2008
-profitabel
-105 Mill.Shares
das sind absolute Schnäppchenpreise für die Aktie!

[Schnuckelinchen]

Antwort auf Beitrag Nr.: 32.548.256 von Maigret am 24.11.07 14:48:30

Ich hab Zeit und kann warten

[Boersenlilli]

Möchte mich outen, daß ich mich auch schon seit längerem für Aurcana interessiere.
Von BB ist dieses Unternehmen bisher weitgehend unentdeckt und damit auch ungepusht geblieben. Aurcana ist ja keine der üblichen "Zockerbuden", sondern ein Unternehmen, das man unbedingt beobachten sollte.
Ich verweise hier auf die Homepage, in der alle interessanten News der letzten Monate stehen: http://www.aurcana.com/s/Home.asp

Habe hier zusätzlich einen interessanten Link zu einer Studie, die in diesem Monat herausgegeben wurde. Habt ihr das schon gesehen?
http://www.aurcana.com/i/pdf/jtaylor-nov092007.pdf

[Schnuckelinchen]

Antwort auf Beitrag Nr.: 32.567.876 von Boersenlilli am 26.11.07 12:01:53

Genau, dieser Wert ist eine gute Diversifikationsmöglichkeit zu den Klitschen, die man sonst so im Depot hat...

[Vincent_Kennedy]

So unentdeckt ist der Wert nun auch nicht. Kam gestern von Kingstrade per NL. Überlege mir schon seit längerm ein Invest in Aurcana, müsste aber Umschichten.

Aurcana mit Verlust von 144.422 Ca$ im 3. Quartal 2007, aber Barguthaben von 14,82 Mio. Ca$

Aurcana Corporation gibt sein Finanzergebnis für die drei- und neunmonatige Periode mit Ende 30. September 2007 bekannt. Alle Zahlen sind in Kanadischen Dollars angegeben, es sei denn, sie sind anders gekennzeichnet.

Die Höhepunkte für das 3. Quartal mit Ende 30. September 2007 sind:
• Die verarbeitete Menge an Erz betrug 74.000 Tonnen.
• Verkauft wurden 3.800 Tonnen an Konzentrat.
• Die Einnahmen betrugen 3.936.000 Ca$.
• Der Cash Flow aus dem Betrieb beläuft sich auf 754.142 Ca$ und der Bruttogewinn aus dem Betrieb auf 1.194.320 Ca$.
• Bei einer großen Bank wird der Betrag von 14,8 Mio. Ca$ gehalten (keine Belastung der durch Aktiva abgesicherten kurzfristigen Anleihen), das Betriebskapital beläuft sich auf 14,3 Mio.Ca$.

Gesamtleistung von Aurcana Corp.: Die aktuellen Entwicklungen der in Betrieb befindlichen und zu erschließenden Minen bitten wir den fortlaufenden Meldungen auf Kingstrade, unter Aurcana Corporation, zu entnehmen. – Resultierend aus der Arbeit der vergangenen sechs Monate konnte für die Mühle auf 'La Negra' die Kapazität auf 1.000 Tonnen pro Tag gesteigert werden, eine Erhöhung um 25% im 3. Quartal 2007.

Betriebsergebnis:

Die Produktion auf La Negra für die drei und neun Monate mit Ende 30. September 2007 betrug 74.000 metrische Tonnen an Erz, woraus 3.800 Tonnen an Konzentrat produziert wurden (2006 - Null). Die angezielten Produktionslevels waren 1.000 Tonnen an Erzproduktion pro Tag für ein Quartal mit 75 Tagen für eine veranschlagte Produktion von 75.000 metrischen Tonnen.

Die Mine erbrachte ihre ersten Verkäufe in Höhe von 4.951.000 Ca$ während der drei Monate mit Ende 30. September 2007, wobei sich der Anteil für die Gesellschaft auf 80% beläuft, auf 3.936.000 Ca$ (2006 - Null).

Der Bruttogewinn für die drei Monate mit Ende 30. September 2007 betrug 1.194.000 Ca$ oder 30% (2006 - Null), und reflektiert die Anstrengungen der Gesellschaft, die Produktion schnell auf den Markt zu bringen. Die Kosten für den Verkauf über die drei Monate mit Ende 30.09.2007 belaufen sich auf 2.742.000 Ca$. Niedrigere Kosten der Verkäufe werden künftig erwartet. Die Betriebskosten während dieser Zeitspanne markierten die erste kommerzielle Produktion, wobei die Gesellschaft erwartet, dass sie in den nächstfolgenden Quartalen geringer ausfallen. Neuanschaffungen von Ausrüstung, zusammen mit der vorgesehenen Wartung und letzten Generalüberholungen von vorhandenen Anlagen werden fortgeführt, was zu einer besseren Leistungsfähigkeit führt.

Einnahmen: Der Nettoverlust für die drei Monate mit Ende 30. September 2007 beträgt 144.000 Ca$ (0,00 Ca$ pro Aktie, fundamental und verwässert), verglichen mit dem Verlust von 1.482.000 Ca$ (0,01 Ca$ pro Aktie fundamental und verwässert) für die selbe Periode 2006. Der Nettoverlust für die neun Monate mit Ende 30. September 2007 beläuft sich auf 3.374.000 Ca$ (0,04 Ca$ pro Aktie fundamental und verwässert), verglichen mit einem Verlust von 1.692.000 Ca$ (0,03 Ca$ fundamental und verwässert) für dieselbe Periode 2006.

Der Cash Flow aus den betrieblichen Aktivitäten (vor den Änderungen in Non-Cash Betriebskapital) für die drei Monate mit Ende 30.09.2007 betrug 754.000 Ca$, verglichen mit dem Cash Flow von 181.000 Ca$ für dieselbe Periode 2006. Für die neunmonatige Periode mit Ende 30. September 2007 generierte die Gesellschaft einen positiven Cash Flow aus dem Betrieb (vor Wechsel in Non-Cash Betriebskapital) von 390.000 Ca$, verglichen mit einem negativen Cash Flow von 143.000 Ca$ für dieselbe Periode 2006.

Die erwähnenswertesten Veränderungen für die drei Monate mit Ende 30. September 2007 waren ein Anstieg von 1.008.000 Ca$ in den Forderungen aus Lieferungen, ein Anstieg von 1.537.000 bei anderen Forderungen, ein Anstieg von 296.000 Ca$ beim Bestand, und ein Anstieg von 1.550.000 Ca$ an zahlbaren Forderungen, was zahlbare Nettoeinnahmen von 1.213.000 Ca$ bei Änderungen in unbaren Betriebskapital bedingt. – Für die neunmonatige Periode vollendet die Gesellschaft eine Finanzierung über 21 Mio.Ca$ und erhielt, Netto nach Aufwendungen, 20.020.000 Ca$ aus der Ausgabe von Aktien, und beglich 1.130.000 Ca$ einer langfristigen Verschuldung.

Nach Einbringung in die Bilanz von 4.503.000 Ca$ für die Erschließung der Mineral-Areale und den Kauf von Anlagen über 785.000 Ca$, gab es für die neun Monate mit Ende am 30. September 2007 einen Nettozuwachs an Barguthaben von 14.820.000 Ca$.

Der Stand des Betriebskapitals der Gesellschaft ist positiv. Die aktuellen Aktivposten übersteigen die gegenwärtigen Verbindlichkeiten um 14.264.000 Ca$, verglichen mit einem Defizit an Betriebskapital von 922.000 Ca$ zum 31. Dezember 2006. Während die Gesellschaft einen positiven Cash Flow aus dem Betrieb auf La Negra erwartet, werden für die Erschließung des Rosario-Projektes kurzfristig beträchtliche Aufwendungen veranschlagt.

[Maigret]

0,83 CAD
Arschbacken zusammenkneifen. Unter den 1,25 aus dem letzten PP verkaufe ich nicht.

[Schnuckelinchen]

Antwort auf Beitrag Nr.: 32.584.305 von Maigret am 27.11.07 17:22:31

Ja, ist heute betrüblich. Besonders, da die allg. Tendenz gerade nach oben geht. Der Umsatz ist aber niedrig, eventuell auf tieferem Niveau Nachkäufe vormerken.

[Maigret]

Antwort auf Beitrag Nr.: 32.584.677 von Schnuckelinchen am 27.11.07 17:45:54

Ein Teil der Kursentwicklung ist sicher selbstverschuldet. N43-101 hätte Anf. November kommen sollten, steht aber immer noch aus.

Ansonsten gilt: Geduld haben, keine Panikverkäufe auf diesem Niveau

Aktuell hat AUN einen Enterprise Value (Marketcap - Cash) von 58 Mio CAD.
Wenn man die in einem SOP-Quartal normale Erhöhung der Forderungen mal Cash-equivalent setzt, der operative CF hätte schon im letzten Quartal 2 Mio betragen.

Dieses "schlechte" SOP-Quartal x 4 hochgerechnet, hätte AUN hätte schon jetzt nur ein EV/CF Ratio von 7.

Die Basemetals haben auch wieder gedreht die letzten Tage. Vielleicht wird der Dezember besser....

[JMoutinho]

"N43-101 hätte Anf. November kommen sollten"

Das mit der Verspätung bei dem N43-101 Report sehe ich nicht so dragisch. Das ist nach meiner bisherigen Erfahrung eher die Regel, dass sich Explorer damit verspäten, zumal das auch von den ausgelasteten Laboren abhängt.

Das spricht auch für gute News diesbezüglich , auch wenn die Insiderkäufe sicher nicht als massiv zu beverten sind.
Nov 27/07 Nov 27/07 Netolitzky, Ronald Kort Direct Ownership Common Shares 10 - Acquisition in the public market 4,000 $0.790
Nov 15/07 Nov 08/07 Huerta, Salvador Direct Ownership Common Shares 10 - Acquisition in the public market 10,000 $0.990
Nov 09/07 Nov 09/07 Netolitzky, Ronald Kort Direct Ownership Common Shares 10 - Acquisition in the public market 17,000 $0.900
Nov 09/07 Nov 09/07 Netolitzky, Ronald Kort Direct Ownership Common Shares 10 - Acquisition in the public market 30,000 $0.890
Nov 09/07 Nov 09/07 Netolitzky, Ronald Kort Direct Ownership Common Shares 10 - Acquisition in the public market 20,000 $0.880
Nov 09/07 Nov 09/07 Netolitzky, Ronald Kort Direct Ownership Common Shares 10 - Acquisition in the public market 33,000 $0.870
Oct 26/07 Oct 26/07 Netolitzky, Ronald Kort Direct Ownership Common Shares 10 - Acquisition in the public market 500 $0.860
Oct 26/07 Oct 26/07 Netolitzky, Ronald Kort Direct Ownership Common Shares 10 - Acquisition in the public market 24,500 $0.870

[JMoutinho]

Na immerhin knapp 130 000 CAD die letzten 4 Wochen.

[Maigret]

nochmal n paar....

Nov 29/07 Nov 28/07 Netolitzky, Ronald Kort Direct Ownership Common Shares 10 - Acquisition in the public market 46,000 $0.820

[Maigret]

Habe die Zahlen von Q3 nochmal auseinandergenommen und mit dem verglichen was ein Stockhouse User vor ein paar Wochen an Angaben vom Management bekommen hat.

AUN muß dringend daran arbeiten einen höheren Preis pro Tonne von der verarbeitenden Hütte zu bekommen. Werde das Management diesbez. jetzt auch nochmal mit Fragen bombardieren...

Anbei mein Beitrag auf Stockhouse hierzu:

Betononstocks posted some weeks ago the following figures wich came directly from Ken Both:
$75 - $100/tonne (conservative) is what they get for their rock from the smelter right now, and they are working to increase this.
$20 - $30/tonne are their operating costs - this comes off the above figures.

My calculations:
In Q3 they produced 74.000 tonnes of ore.

They had revenues of about 5 m$ cad and a further increase of inventories of about 0,3 m$.
5,3m$ / 74.000 = 72$ per tonne price achieved from the smelter

Operating costs in Q3 2,7m$ -> per tonne 37 $

As I mentioned before AUN already “earned” more than 2 m$ in Q3, but couldn’t show 1,2 m$ in the CF figure due to the date of payment they surely have with the smelter.

The following figures prove this:
72$ - 37$ * 74.000 tonnes = 2,5 m$ (net to AUN 2m$).

If they achieve the operating costs target, let’s say in the middle $25/tonne, this would be another 0,7 m$ net to AUN.

But the key to the 5m$ CF are better conditions with the rock smelter !!
72$ per tonne is a joke. The AUN metal basket is having an in-situ value of about 200-250$/t.

If anybody is having contact to the company, he should ask them about the smelter issue. An answer would be helpful.
Unfortunately I never get an answer when contacting the guys.

Greetz from Germany

[Maigret]

Sent this mail to the AUN IR.
Dear Gentlemen,

in Q3 you produced 74.000 tonnes of ore.

You had revenues of about 5 M$ and an increase in inventories of about 0,3 m$.
-> that means the price you sold the ore to the smelter was somewhere above 70 $/ore.

What are your targets ? With only 70$ you would never achieve 5m$ CF per quarter. Are you in discussions with other smelters concerning better conditions?

You
xxxx


Another possibility:

Maybe the smelter price is in addicted to the concentrate grade. They only sold 3.900 tonnes. The Target ist 50% higher, somewhere about 5.700 tonnes.
A 50% higher price would be 105 $/tonne
-> +36$ * 74,000 tonnes ore * 80% = additional 2 m$

And there we would have approx 5m$.....

[Schnuckelinchen]

Au weia, so schnell kann man eins auf die Mütze bekommen.
Der Chart sieht auch nimmer gut aus...

[Maigret]

Antwort auf Beitrag Nr.: 32.650.435 von Schnuckelinchen am 03.12.07 19:19:08

Yep, unglaublich, noch 20% und der Kurs steht wieder da wo er vor 1-2 Jahren stand als ich zum erstenmal in den Wert rein bin....

Und das obwohl sich die Rahmenbedingungen verbessert haben..

Kaufe weiter bei diesen Kursen ein. Die Wette geht früher oder später auf....

Maigret

[JMoutinho]

Inzwischen sind wir in knapp einer Woche von 1 CAD auf 65 cent runter und befinden uns unter den den Insiderkäufen des Managements.
So weit ich das sehe gibt es keine Bad News was den Absturz rechtfertigen. Daher sind das meiner meinung nach gute Nachkaufgelegenheiten.

[peekey]

Antwort auf Beitrag Nr.: 32.651.431 von Maigret am 03.12.07 20:27:13

hallo maigret,
beobachte dass du dich sehr gut mit aurcana auskennnst, ich kenne den Wert seit über einem Jahr. Ich bin eigentlich bezüglich den Fundamentals bei Aurcana nicht besorgt, denn meiner Meinung nach wird sich die La Negra Mine als hochprofitabel erweisen.
Du hast ja mit deinen Rechnungen bestätigt, dass die Operating Costs bei knapp 38 USD/Tonne liegen. Für einen Untertage-Abbau ist das meiner Meinung nach ernorm ermutigend, und das auch noch in dieser frühen Phase des Unternehmens. Ich habe von sovielen Unternehmen gelesen, die ihre Kosten nicht in den Griff bekommen, oder schlechte Hedging-Vereinbarungen haben und so vom Markt bestraft werden.
Was ich aber noch nie gehört habe, ist diese so extrem lächerliche Vergütung der Konzentrate von der Hütte, die du ja mit etwa 75 USD/Tonne errechnet hast. Ich denke das Problem diesbezüglich ist, dass das Management sich nicht mal die Mühe macht, diesen Umstand genau zu erklären.
vielleicht liegt die Begründung darin (wie ja schon oft in den Boards gesagt wurde) im sogenannten stockpiling ore/development ore, dass vielleicht extrem geringe Grade aufweist.
was ich aber überhaupt nicht nachvollziehen kann, ist die Cash Flow Prognose seitens des Managemnets für 2008 von 20 Mio USD. Wie kommt die denn überhaupt zustande? eine kurze Milchmädchenrechnung müsste doch lauten:
Tonnage mined and milled: 350 000 tons (1000tpd, 350 Days)
costs: 39 USD/Tonne
revenue per tonne: 200 USD/Tonne

das ergibt einen pre-tax Cash Flow von etwa 56-57 Mio USD.

liegt vielleicht bei den 200 USD/Tonne die größte Unbekannte? Denn schließlich haben wir keine 43-101 Resourcen, also auch überhaupt keine Bestätitigung der historischen Erzgrade....

[peekey]

Antwort auf Beitrag Nr.: 32.735.644 von peekey am 12.12.07 10:02:33

bei der "milchmädchenrechnung" muss man natürlich mit 300 Tagen Produktion kallkulieren... ergibt dann natürlich auch einen etwas geringeren pre-tax Cash Flow...

[Maigret]

Antwort auf Beitrag Nr.: 32.735.644 von peekey am 12.12.07 10:02:33

"Ich denke das Problem diesbezüglich ist, dass das Management sich nicht mal die Mühe macht, diesen Umstand genau zu erklären."

Auf den Punkt gebracht Peeky. Die Infopolitik des Managements ist um es auf den Punkt zu bringen lausig. Die kriegen ab jetzt pro Tag ein Mail in dem ich das auch zum Ausdruck bringe.

Was der geneigte Investor sieht sind kommunizierte 20 Mille CF pro Jahr (lt. Aussagen der IR konservativ..), 0.8 CF im ersten Quartal und aktuell sinkende Industriemetallpreise.... Ohne Info und Erläuterung der Zahlen sowie detailliertere Daten zu Kosten, Umsatz etc. steigt da aktuell kein nennenswerter Investor ein. Sieht man ja an der Entwicklung der letzten Tage/Wochen.

Die große Unbekannte sind die Kosten die nicht bei AUN liegen, also Hütte, Transport etc.
Auf Basis der Q1 Zahlen liegen die incl. dem Gewinnzuschlag der externen Dienstleister bei über 100 USD.... Viel zu hoch. Da muß sich was tun.

Ich bin nach wievor zuversichtlich dass AUN seinen Weg geht und dass wir in 2008 Kurse mit einer 1 vor dem Komma sehen werden. Da springen vorher 90% der hier besprochenen Rohstoff-Companys über die Klinge bevor AUN in ernsthafte Schwierigkeiten kommen sollte.

Aber wenn mich etwas extrem nervt, sind des Manager die meinen Ihre Shareholder nicht ausreichend informieren zu müßen....

[peekey]

Antwort auf Beitrag Nr.: 32.738.594 von Maigret am 12.12.07 14:15:46

Die Gefahr bei Minenunternehmen liegt auch in den operating risks, man sieht am Beispiel Constellation Copper (TSX-V: CCU) was mit einer Aktie passieren kann, wenn man Produktionsprobleme hat. Es ist daher auch für mich völlig unverständlich, dass man seitens von AUN (potentielle) Investoren völlig im Unklaren darüber lässt.

Ein interesanter Vgl zu AUN stellt meines Erachtens Capstone Mining dar.(TSX:CS) Ebenfalls ein Base Metal Producer in Mexiko, Produktion gerade auf 2200 tpd Produktion mehr als verdoppelt (das hat ja AUN 2008 auch vor).
Die haben dieses Jahr mit etwa durchschnittl. 1400 tpd 53 Mio USD Umsatz erwirtschaftet und machen daraus ein operating profit von 28 Mio Dollar. Sie haben aber ausgewiesene Reserven für 16 Jahre Minendauer.
Capstone hat eine MC von etwa 260 Mio CAD, eine informative Homepage, gute IR.. das wirkt alles hochprofesionell.
genau dahin müsste sich AUN vom Auftritt her hinentwickeln, damit Invesoren aufmerksam werden.
Interessant finde ich, dass Capstones kupferkonzentrate in zukunft auch von Trafigura gekauft werden. (Aurcana hat ja auch diesbezüglich eine Vereinbarung mit ihnen...)
Und wenn ich mir die Erzgrade von CS anschaue (1,7% Cu, aber deutlich geringere Zink und Silbergrade), habe ich das Gefühl, dass
deren Metallwert pro Tonne geringer sein muss als der von AUN. Und CS ist so schon sehr profitabel...
ich habe aber die Befürchtung, das man mit AUN noch einiges an Geduld mitbringen muss. Erwarte erst gegen Ende 2008 die Erhöhung auf 2000 tpd und deutlich erhöhte Minenlebensdauer durch das 15.000 m Bohrprogramm. Den ich glaube bis das durch ist und in Reserven überführt wird, vergeht noch eine lange zeit...

[Schnuckelinchen]

Antwort auf Beitrag Nr.: 32.741.494 von peekey am 12.12.07 17:16:34

Glaube langsam auch, dass das hier was Längeres wird. Werde aus steuerl Gründen meine zwischen 80-93 Cents gekauften Stücke dieses Jahr noch teilweise verkaufen um den Verlust noch geltend zu machen. Rückkauf nächstes Jahr aber wahrscheinlich.

[peekey]

also maigret,

ich verstehe nicht warum du in deinem stockhouse posting so erfreut über den Inhalt der IR Antwort bist. Für mich ist die Ansage seitens des Management nur 80-100 USD pro Tonne Erz zu erzielen, eine absolute Katastrophe,wenn sich dies für das gesamte Produktionsjahr 2008 bewahrheiten sollte.Ich sage das mal so direkt und offen. Als ich Ende 2006 auf Aurcana gestoßen bin, war in einem Resource Investor Report von 40+ Mio USD Cash Flow zu lesen. Aus dieser zu erwartenden Größe speiste sich zu diesem Zeitpunkt die fundamentale Unterbewertung von AUN. Bei jetzt etwa 110 Mio Aktien voll verwässert bedeuten die prognostizierten, auch wenn nur konservativ, 17 Mio einen Cash Flow pro Aktie von etwa 0,15 CAD. Und das ist die entscheidende Größe, nach der sich die Bewertung von Minenunternehmen richtet, und nicht Enterprise Value.
Je länger die Minenlebensdauer und niedriger die Kosten sind desto höher bewertet der Markt diese Unternehmen. Aurcana besitzt zwar die Aussicht auf deutlich erweiterte Minenlebensdauer, aber das ist alles noch unkonkret und reine Zukunftsmusik. Und nach dem bisherigen marginalen Cash Flow Beitrag von La Negra kann ich mir nicht vorstellen, dass Rosorio einen bedeutsamen Cash Flow für 2008 beisteuern wird.
Aurcana wird aktuell mit bei 0,70 CAD mit einem 2008 CF Multiple von knapp 5 bewertet, ohne NI 43-101 und derzeit nur etwa für 5 Jahre ausreichende Resourcen. Ich sehe keine fundamentale Unterbewertung mehr, die AUN einst so attraktiv machten...
Ich kann auch überhaupt nicht nachvollziehen, warum man nur 80-100 USD pro Tonne erzielt, das ist eine so wichtige Information und Größe für die zukünftige Bewertung von AUN, und man bekommt seitens des Management überhaupt keine Erklärungen dafür!!

[Maigret]

Antwort auf Beitrag Nr.: 32.794.442 von peekey am 17.12.07 19:02:47

Peekey,

Für mich ist der Enterprise Value nach wie vor die richtige Größe. Eine Crescent hat z.B. glaube ich annähernd 50% seiner Marketcap mit Cash gedeckt, eine Troy Resources ca. 70% mit Cash und der Comaplex-Beteiligung.
Was soll ich da mit KGV's und CF/Share valuations? Das sind jetzt Extrem-Beispiele, aber es ist doch ein Unterschied ob ein Unternehmen auf einem Berg Cash sitzt oder Schulden hat. Der EV trägt dem im Gegensatz zur reinen Marketcap halt Rechnung, deshalb ziehe ich Ihn lieber heran.

Positiv erfreut war ich vor allem deshalb weil ich sehr viel schlimmeres erwartet haben. Seit AUN im Oktober 20 Mio CF p.a. kommuniziert hat sind die Industriemetall-Preise tw. um bis zu 40% zurückgegangen + dazu schlechtere CAD/Dollar-Relation. LaNegra ist zu 75% ein Industriemetallprojekt.
Von 20 Mio auf 17 Mio sind 15% CF-Rückgang. Ich nenne das ein blaues Auge angesichts der sich drastisch verschlechterten Rahmenbedingungen in den letzten Wochen und vor allem bestätigt es zumindest mal die Aussage der IR des Managements dass die 20 Mio "konservativ" kalkuliert waren.

Rosario wird in 2008 keinen bedeutenden CF liefern. Aber die gehen ja auch erst in Q4 an den Start. Rosario sollte nicht schlechter sein als La Negra, der Edelmetallanteil ist höher und Gold und Silber entwickeln sich ja nicht unbedingt schlecht.

Ungewißheit über die Minenlaufzeit, o.k. - damit muß der Investor leben. Hätte AUN den umgekehrten Weg gewählt: erst mal Ressourcen erdrillen, Feas und dann vielleicht in 1-2 Jahren Produktion: ich bin überzeugt Sie stünden heute noch um einiges schlechter da.

Die Aussage 40 Mio CF kenne ich so nicht. Kenne nur die 0,50 Cent von Ressource Investor des Lauriers, bei der damaligen Aktienanzahl waren das 35 Mio CF. Ob die Zahl mit AUN abgestimmt war weiß ich nicht. Mir fällt mit 1-2 Jährchen Abstand auf die damaligen DesLauriers Empfehlungen bei einigen Werten auf (EFR, SAM, AUN, GOZ...), dass die Schätzungen doch ziemlich hochgegriffen waren...

Die 80-100 USD/T kann ich ebenfalls noch nicht nachvollziehen und Du kennst meine Einstellung zur Kommunikationspolitik von AUN.
Allerdings weiß ich auch nicht in wieweit Sie da offen kommunizieren können, ohne die jetzigen Partner zu brüskieren. Ein Announcement mit der Aussage "die Smelter ist uns zu teuer wir sind aber schon auf der Suche nach ner günstigeren" kann auch ein Schuß ins eigene Knie sein....

Ich kann diejenigen verstehen die momentan entnervt das Handtuch werfen oder aus Steuerlichen Gründen verkaufen.
Ich ziehe das Thema durch und werde die jetzigen Positionen 1-1,5 Jahre halten. Lass es nachher mit Rosario "nur" 30 Mio CF sein (das Thema Outputerhöhung La Negra ganz außen vor) und eine Bewertung von dem 4 fachen dieses Cash-Flows. Ich habe mittlwerweile einen Einstandskurs von ca. 0,90 CAD. Das wären dann immerhin schmucke 50%. Dass reicht mir in diesen Zeiten und so sehr viele bessere Chancen-/Risikoratios sind mir um ehrlich zu sein aktuell auch nicht bekannt.

Maigret

[Schnuckelinchen]

Antwort auf Beitrag Nr.: 32.795.306 von Maigret am 17.12.07 20:11:39

Danke für Dein Verständnis. Habe bereits einiges Material in den Markt zurückgegeben. Sehe zwar auch auf mittlere Sicht ein gutes Potential, aber der steuerliche Aspekt ist halt schon ein Argument. Ausserdem fürchte ich, dass diese Baissestimmung noch eine ganze Weile anhalten wird und selbst bei einer Besserung des Klimas erstmal die grossen Werte gekauft würden.
Die Story an sich ist hier zwar intakt, aber mein Timing hier war schon katastrophal schlecht (durchschn. EK um 0.91)
In so einer Börsenphase ist es m.E. entscheidend möglichst wenig zu verlieren und dafür lieber mal auf ein paar mögliche Erträge zu verzichten, sprich Cash Quote erhöhen.

[JMoutinho]

ec 13/07 Dec 11/07 Netolitzky, Ronald Kort Direct Ownership Common Shares 10 - Acquisition in the public market 8,000 $0.700
Dec 13/07 Dec 07/07 Netolitzky, Ronald Kort Direct Ownership Common Shares 10 - Acquisition in the public market 100,000 $0.730
Dec 12/07 Dec 10/07 Netolitzky, Ronald Kort Direct Ownership Common Shares 10 - Acquisition in the public market 22,500 $0.700
Dec 12/07 Dec 11/07 Netolitzky, Ronald Kort Direct Ownership Common Shares 10 - Acquisition in the public market 33,000 $0.720
Dec 11/07 Dec 11/07 Netolitzky, Ronald Kort Direct Ownership Common Shares 10 - Acquisition in the public market 67,000 $0.719
Dec 10/07 Dec 07/07 Netolitzky, Ronald Kort Direct Ownership Common Shares 10 - Acquisition in the public market 23,000 $0.750
Dec 06/07 Dec 06/07 Netolitzky, Ronald Kort Direct Ownership Common Shares 10 - Acquisition in the public market 25,000 $0.750
Dec 06/07 Dec 06/07 Netolitzky, Ronald Kort Direct Ownership Common Shares 10 - Acquisition in the public market 52,000 $0.750
Nov 29/07 Nov 28/07 Netolitzky, Ronald Kort Direct Ownership Common Shares 10 - Acquisition in the public market 46,000 $0.820
Nov 27/07 Nov 27/07 Netolitzky, Ronald Kort Direct Ownership Common Shares 10 - Acquisition in the public market 4,000 $0.790

[Schnuckelinchen]

Antwort auf Beitrag Nr.: 32.808.445 von JMoutinho am 18.12.07 21:11:48

Die haben aber teuer gekauft. Mal sehen ob die Herren am heutigen Ausverkaufstag auch zugegriffen haben.
Der Umsatz ist heute sehr hoch, dabei hab ich bislang noch kaum was verkauft. Soviel Kohle in so kurzer Zeit hab ich das letzte Mal vor 2 Jahren kaputtgemacht, daher bin ich leider wegen der Stuer gezwungen noch vor Jahresende zu diesen Kursen glattzustellen.

[Maigret]

Ist vor allem eine Adresse die heute liquidiert - PI Financial.

Zum Schluß standen immerhin 240k auf der Buy Seite zu 0,63.
So ein bischen hat das heute schon etwas von einem möglichen Final Sell-Off. Und wenn das stimmt was man so hier und da liest, dann haben die Cans morgen zum letzten mal die Möglichkeit zum Tax-sellen. Aber Schau mer mal, ich traue mir keine kurzfristigen Marktprognosen mehr zu....

Ich durfte in 2006 den Anstieg von 60 Cent auf 1,40-1,50 mitmachen. Jetzt machen wa dass halt nochmal mit, gibt langweiligeres...

[Chessmaster]

Antwort auf Beitrag Nr.: 32.809.443 von Maigret am 18.12.07 22:35:16

hmm..hat jemand ne erklärung für die gestrige bewegung ??

[neptuno123]

Bin ab sofort auch dabei. Das hier ist ja wohl eindeutig:

15/08 Jan 15/08 Netolitzky, Ronald Kort Direct Ownership Common Shares 10 - Acquisition in the public market 43,000 $0.680
Jan 15/08 Jan 14/08 Netolitzky, Ronald Kort Direct Ownership Common Shares 10 - Acquisition in the public market 57,000 $0.667
Jan 08/08 Dec 28/07 Huerta, Salvador Direct Ownership Common Shares 10 - Acquisition in the public market 5,000 $0.640
Dec 21/07 Dec 14/07 Netolitzky, Ronald Kort Direct Ownership Common Shares 10 - Acquisition in the public market 29,000 $0.700

[Schnuckelinchen]

Antwort auf Beitrag Nr.: 33.069.877 von neptuno123 am 16.01.08 16:33:56

Ich warte noch mit dem Wiedereinstieg ab.

[Chessmaster]

Antwort auf Beitrag Nr.: 33.069.877 von neptuno123 am 16.01.08 16:33:56

ja hat sich auch ganz gut gehalten die letzen tage...

[neptuno123]

Jan 16/08 Jan 16/08 Netolitzky, Ronald Kort Direct Ownership Common Shares 10 - Acquisition in the public market 100,000 $0.680
Jan 16/08 Jan 16/08 Netolitzky, Ronald Kort Direct Ownership Common Shares 10 - Acquisition in the public market 69,500 $0.680
Jan 16/08 Jan 15/08 Netolitzky, Ronald Kort Direct Ownership Common Shares 10 - Acquisition in the public market 30,500 $0.68

[neptuno123]

http://www.aurcana.com/s/NewsReleases.asp?ReportID=282086&_T…

[Maigret]

Endlich !!!!!

Wenn das für ganz La Negra gelten würde hätten wir einen Minenlebenszyklus von ca. 8 Jahren - ohne die ganzen unexplorierten Ore-bodies....

[neptuno123]

Für Insiderkäufe wird den Kids mittlerweile sogar das Taschengeld gestrichen.

Jan 18/08 Jan 17/08 Huerta, Salvador Direct Ownership Common Shares 10 - Acquisition in the public market 5,000 $0.720
Jan 18/08 Jan 17/08 Smith, Grant Temple Direct Ownership Common Shares 10 - Acquisition in the public market 2,500 $0.730
Jan 18/08 Jan 17/08 Smith, Grant Temple Direct Ownership Common Shares 10 - Acquisition in the public market 2,500 $0.720

[Chessmaster]

Antwort auf Beitrag Nr.: 33.109.671 von neptuno123 am 20.01.08 19:31:31

na schaut doch ganz gut aus...

[neptuno123]

Aurcana drills 744 m in La Negra exploration


2008-02-01 09:36 ET - News Release

Mr. Ken Booth reports

AURCANA DRILLING INTERSECTS ALACRAN AND CRISTO REY ZONES AT DEPTH

Aurcana Corp. has intersected targeted zones at the underground exploration program currently being carried out at the 1,000-tonne-per-day producing La Negra silver-copper-zinc mine in Queretaro state, Mexico. To accelerate the program, a second drill has been added in the Monica zone. Tenders have been put out to add a third drill.

"Work is progressing very well in the Alacran area and we are very encouraged that all four holes have intersected the targeted zones," stated Ken Booth, president of Aurcana.

Initial drilling of the planned 15,000-metre program is testing the extension of the Alacran and Cristo Rey zones to depth. To date, four holes for a total of 744 metres of diamond drilling have been completed and these have been logged, split and shipped to Acme Labs in Vancouver, B.C., to be analyzed.

Work completed by Aurcana on the Monica zone has produced a total of 3,637 metres of diamond saw-cut channel samples, resulting in a total of 1,884 samples that have now been analyzed. These samples have been incorporated into a database along with historic underground sampling and drill results.

A 43-101-compliant resource estimate is currently being calculated on the Monica zone.

Aurcana remains committed to becoming a mid-tier base-and-precious-metals producer. The company is focused on the acquisition, development and operation of silver, zinc and copper mines with good infrastructure and ore reserves and resources requiring minimal time to restart. The company continues to pursue and evaluate other high-quality, producing or near-producing projects, with the acquisition of any or all of these advanced stage projects, present and proposed cash flow will increase significantly.

With $12-million to $15-million in cash flow expected from the 1,000-tonnes-per-day production established currently and an additional 800 tonnes per day being added in 2009, aggressive exploration programs under way on two properties, a strong balance sheet together with a positive outlook for the price of commodities, the future is very promising for Aurcana and its shareholders.

Ron Nichols, PEng, a director and vice-president of exploration for Aurcana, and a qualified person as defined by National Instrument 43-101, supervised the preparation of the technical information in this release.

We seek Safe Harbor.

[neptuno123]

Antwort auf Beitrag Nr.: 33.242.799 von neptuno123 am 01.02.08 18:45:08

Aurcana appoints von Fersen exploration manager


2008-02-07 09:16 ET - News Release

Mr. Ken Booth reports

AURCANA CORPORATION APPOINTS EXPLORATION MANAGER

Aurcana Corp. has appointed Nils von Fersen, PGeo, to the position of exploration manager for the company. Mr. von Fersen has over 30 years experience working internationally and in Canada with major companies including Kidd Creek Mines and Falconbridge, and several junior mining companies in various technical and senior management positions. His first priority focus will be the Rosario project located in Sinaloa state, Mexico.

"We are very pleased to have Mr. von Fersen join us at Aurcana. Finding experienced people with a solid understanding of Mexico can be a challenge. Nils von Fersen is a tremendous addition to the Aurcana team," stated Ken Booth, president, Aurcana.

For clarification in future news releases, the Rosario mine, or Rosario property as it has been referred to in the past, will be renamed the Rosario project. This encompasses all mineral concessions including the historic producer, the Plomosas mine, formally referred to as the Rosario mine. The La Cruz area, or La Cruz mine, referenced to previously will now be referred to as the La Cruz adit.

Aurcana remains committed to becoming a mid-tier, base-and-precious-metal producer. The company is focused on the acquisition, development and operation of silver, zinc and copper mines with good infrastructure and ore reserves and resources requiring minimal time and money to restart. The company continues to pursue and evaluate other high-quality, producing or near-producing projects, with the acquisition of any or all of these advanced-stage projects, present and proposed cash flow will increase significantly.

With $12-million to $15-million in cash flow expected from the 1,000-tonne-per-day production established currently and an additional 800 tonnes per day being added in 2009, aggressive exploration programs under way on two projects, a strong balance sheet together with a positive outlook for the price of commodities, the future is very promising for Aurcana and its shareholders.

Ron Nichols, PEng, a director and vice-president of exploration for Aurcana, and a qualified person as defined by National Instrument 43-101, supervised the preparation of the technical information in this release.

We seek Safe Harbor.

[neptuno123]

Antwort auf Beitrag Nr.: 33.301.532 von neptuno123 am 07.02.08 20:57:17

Aurcana begins $1.7-million program at Rosario


2008-02-08 07:58 ET - News Release

Mr. Ken Booth reports

AURCANA INITIATES 6,500 METRE DIAMOND DRILL PROGRAM AT ROSARIO; ASSAY VALUES IN EXCESS OF THE 100 GRAMS PER TONNE DETECTION LIMITS

Aurcana Corp. is initiating a $1.7-million exploration program that includes 6,500 metres of diamond drilling on the 8,515-hectare Rosario silver-zinc-lead-gold project in southern Sinaloa state, Mexico. The program is being supervised by Nils von Fersen, exploration manager, for Aurcana. The priority objective of the program is to expand historical reserves previously identified at the Plomosas mine and the San Juan area, and to explore other anomalous zones and vein systems. Tenders from drill contractors have been requested in anticipation of a quick start-up.

The Rosario project includes the Plomosas mine, which is currently being refurbished and restored in preparation for start-up at 800 tonnes per day in 2009. The Plomosas mine currently has 638,000 tonnes of historical reserves with grades of 136 grams per tonne silver, 3.21 per cent zinc, 2.23 per cent lead and 1.05 grams per tonne gold. The drill program calls for two drill stations in existing crosscuts, on opposite sides of the 825 main haulage level. Four to five holes will be drilled from each station to test the down dip and strike extensions of the Plomosas vein system.

The San Juan area is the second high-priority target. This vein structure has much higher silver grades of 329 grams per tonne, also 3.73 per cent zinc, 1.69 per cent lead and 0.19 gram per tonne gold all contained in 256,000 tonnes of historical reserves. Developed workings consist of several hundred metres of drifts and crosscuts on two levels. Drilling is planned to test dip and strike extensions of known mineralization.

In addition to the two areas of historical reserves, numerous other targets are being evaluated and prioritized within the project. Rock chip samples collected from the San Francisco vein structure have returned strongly anomalous silver values, with 26 per cent of the samples exceeding the 100-gram-per-tonne geochemical detection limits set by the assay lab. The overlimit samples have been resubmitted for further analysis using ore grade detection limits. In addition, locally strong silver values are accompanied by anomalous gold values within a strike length of 400 metres on the San Francisco vein. Drilling is planned to test the northern portion of the vein system. Surface exploration is planned to define the southern extent of the vein structure.

The information included with the Rosario project, acquired from Grupo Mexico, provided a wealth of historic exploration data (geology, geochemistry, geophysics, drilling and landsat studies). The value of this asset cannot be understated, as the accumulation of a database of this extent today would be prohibitive at current market prices. This information is being compiled into a comprehensive database to support and optimize the current systematic geological and geochemical surveys being carried out on the various targets identified on the property. The reader should be cautioned the historic reserves do not conform to National Instrument 43-101 requirements for reporting purposes; as such the company is not treating these historic estimates as current reserves or resources. These estimates should not be relied upon until they have been verified by further due diligence and by the company's qualified person.

Ron Nichols, PEng, a director and vice-president of exploration for Aurcana, and a qualified person as defined by National Instrument 43-101, supervised the preparation of the technical information in this release.

We seek Safe Harbor.

[Schnuckelinchen]

Die positiven Nachrichten scheinen sich langsam herumzusprechen.
Bin mittlerweile hier auch wieder engagiert, diesmal hoffentlich mit mehr Glück als letztes Jahr.

[neptuno123]

Aurcana to expand production at La Negra


2008-02-26 08:24 ET - News Release

Mr. Ken Booth reports

AURCANA MOVES TO EXPAND PRODUCTION AND MINE HIGHER GRADES AT LA NEGRA

Aurcana Corp. has approved capital expenditures for the purchase of additional mining and milling equipment to expand production at the 1,000-tonne-per-day La Negra silver-lead-zinc-copper mine in Queretaro state, Mexico. The new equipment will also offer the flexibility of mining from a number of higher-grade areas such as Monica, Dificultad and Virginia in addition to continuing production from the Alacran area.

"Each orebody presents different advantages," stated Ken Booth, president of Aurcana. "Working from several different areas allows us to optimize the blend of ore maximizing efficiencies and recoveries."

A jumbo drill and two scoop trams have been ordered. Delivery is expected in the second quarter of 2008. A third scoop tram, currently owned by the company, is being reconditioned and will be available for service in approximately one month.

Additionally, a metallurgical study is under way at La Negra to define the benefits of using a second ball mill currently owned by the company. The ball mill could incrementally increase daily throughput by up to 30 per cent and potentially lead to improvements in metal recoveries. The study results are expected within one month.

About the La Negra mine

Acquired in May of 2006, the 1,000-tonne-per-day La Negra silver-lead-zinc-copper mine went from care and maintenance to current production levels in 13 months. Since restarting, the operation has performed as expected with monthly production and sales levels on target. Annual operating cash flow at the La Negra mine is estimated at $12-million to $15-million. Current production is from the Alacran zone, but this will be supplemented using the new equipment to draw ore from several zones to optimize the blending of ore and increase the efficiency of the mine.

The company announced a 15,000-metre underground diamond drill program in the fourth quarter of 2007. Currently three drills are working in the Alacran and Monica areas. The drill program is designed to identify new mineral zones and increase historical reserves. Assays are expected shortly.

Ron Nichols, PEng, a director and vice-president of exploration for Aurcana, and a qualified person as defined by National Instrument 43-101, supervised the preparation of the technical information in this release.

We seek Safe Harbor.

[Maigret]

Antwort auf Beitrag Nr.: 33.484.181 von neptuno123 am 26.02.08 21:41:08

sieht gut aus, da wächst was heran.
Diese Woche sollte es auch noch Zahlen geben. Mal schauen 3 Mille CF aus dem operativen Cash Flow wären schön....

[Schnuckelinchen]

Oha, heute gehts mit dem Lift nach oben auf 0.95 CAD
Wer hätte das gedacht! Eigentlich habe ich in meiner Börsenvergangenheit selten widerwilliger (steuerl. bedingte) Rückkäufe durchgeführt wie bei Aurcana und nun freut man sich darüber die Verluste vom letzten Jahr ausgleichen zu können.

Ach ja, wieso steigts eigentlich heute so?

[Maigret]

Wow, wieder gute News

http://www.marketwire.com/mw/release.do?id=834136

"The GeoSim resource estimate for the Monica deposit, (using a $30 per tonne NSR cut-off) is 587,698 tonnes which represents a 1,115% increase from the 48,300 tonnes of historical reported reserves in 2000. "

Dem Markt ist es natürlich an einem Tag wie heute sch... egal. Es kommen auch mal wieder Zeiten in denen Fundamentaldaten nicht ignoriert werden.

[sauhund1]

In Kanada seit über 2 Stunden ausgesetzt und
der Typ in Frankfurt schnallt es immer noch nicht.

[Maigret]

Antwort auf Beitrag Nr.: 33.791.350 von sauhund1 am 02.04.08 17:55:17

mal schauen was kommt.

Ich tippe mal auf ne Akquise. Da momentan ja keiner Rohstoffe u. Minen mehr möchte sicherlich auch kein schlechter Zeitpunkt. Wäre nur schlecht wenn Sie die Akquise mit ner Kapitalerhöhung bezahlen müßen...

Warten wir ab.

Maigret

[schmacki]

Press Release Source: Aurcana Corporation

Aurcana Acquires Near Term Silver Production Project
Thursday April 3, 6:00 am ET
Company Set To Become Primary Silver Producer

VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 3, 2008) - Aurcana Corporation (TSX VENTURE:AUN - News; "Aurcana" or the "Company") is pleased to announce it has agreed to acquire a 100% interest in the Shafter Silver Mine ("Shafter") from Silver Standard Resources Inc. ("Silver Standard"). Shafter is located in southwest Texas and is fully accessible via paved highway from El Paso, Texas. Shafter has an estimated measured and indicated resource of 21,000,000 ounces of silver and an inferred resource of 20,200,000 ounces of silver. This estimate is based on a previously prepared technical report for Silver Standard by Pincock Allen and Holt on the Shafter Silver Mine dated April 10, 2001 and filed on SEDAR June 3, 2002. A copy of the report is available on SEDAR (www.sedar.com) under Silver Standard's profile. Details of the estimated resource are shown in the table below:


--------------------------------------------------------------------------
Estimated Contained
Resources Tons Silver oz./ton Silver Ounces
--------------------------------------------------------------------------
Measured 658,000 9.89 6,500,000
--------------------------------------------------------------------------
Indicated 1,427,000 10.14 14,500,000
--------------------------------------------------------------------------
Measured & Indicated 2,085,000 10.06 21,000,000
--------------------------------------------------------------------------

--------------------------------------------------------------------------
Inferred 1,572,000 12.83 20,200,000
--------------------------------------------------------------------------


The Company plans to commission a NI 43-101 compliant technical report to confirm the resource estimate.

Shafter's past production history spanned the period from 1883 to 1942 when the mine was closed by the War Act. Total production during that period was 2.306 million tons of ore containing 35.153 million ounces of silver at an average grade of 15.24 ounces of silver per ton.

All necessary infrastructure is in place at Shafter with a major power line and paved highway crossing the property, an electrical sub-station on site, a 320 metre shaft serviced by a 80 ton per hour hoist, 1,555 metres of underground development and an 800 ton per day conventional mill that was moved to Shafter in 2003.

Aurcana will use the expertise and experience of its operating team, which successfully refurbished and restarted the La Negra mine in 13 months, to assemble the mill and re-start the mine at Shafter. The Company estimates that the Shafter mine could be in production in just over 15 months.

"Acquiring the Shafter Silver Mine from Silver Standard Resources has significantly accelerated Aurcana's commitment to become an emerging silver producer," states Ken Booth, President of Aurcana. "We will now focus on identifying additional high quality silver assets."

The acquisition terms require Aurcana to pay Silver Standard $23 million in cash; 15 million Aurcana common shares; and a $10 million convertible debenture paying a 3% coupon with a three year term and convertible into 6.62 million Aurcana common shares at $1.51 per share. Total consideration based on Aurcana's closing price of $0.64 on April 1, 2008 is $42.6 million. The acquisition is subject to the signing of a definitive agreement and a closing on or before June 30, 2008. The acquisition is subject to certain conditions including acceptance of the TSX Venture Exchange.

About Aurcana Corporation:

Aurcana Corporation is a Canadian mining company listed on the TSX Venture Exchange, symbol AUN. The 80% owned La Negra silver-lead-zinc-copper mine in Queretaro State, Mexico operates at 1,000 tonnes per day. The 100% owned Rosario silver-lead-zinc-gold mine in Sinaloa State, Mexico is advancing to commence production at a planned rate of 800 tonnes per day in 2009. The reader should be cautioned the Company has not completed feasibility studies confirming the projected production capacity for La Negra and Rosario or the feasibility of the Shafter Mine and there is no certainty the Company's plans will be economically viable. The Company is currently carrying out aggressive exploration programs at La Negra and Rosario in order to increase historical reserves and resources and with success this could lead directly to expansion of production.

Ron Nichols, P.Eng. a Director and Vice President of Exploration for Aurcana, and a Qualified Person as defined by National Instrument 43-101, supervised the preparation of the technical information in this release.

ON BEHALF OF THE BOARD OF DIRECTORS OF AURCANA CORPORATION

Ken Booth, President

For further information, please visit the website at: www.aurcana.com.

Caution Regarding Forward-Looking Statements - This news release contains certain forward-looking statements, including statements regarding the business and anticipated financial performance of the Company. These statements are subject to a number of risks and uncertainties. Actual results may differ materially from results contemplated by the forward-looking statements. Factors that could cause actual results to differ materially from those in the forward-looking statements include unsuccessful exploration results, changes in metal prices, changes in the availability of funding for mineral exploration and development, unanticipated changes in key management personnel and general economic conditions. When relying on forward-looking statements to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and should not place undue reliance on such forward-looking statements. The Company does not undertake to update any forward-looking statements, oral or written, made by itself or on its behalf.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy and accuracy of this Release.


Contact:

Ken Booth
Aurcana Corporatio

[Maigret]

Antwort auf Beitrag Nr.: 33.797.628 von schmacki am 03.04.08 12:17:46

42 Mille für 41 Mio Unzen Silber finde ich erstmal nicht so dolle....
mal schauen was die Cans dazu meinen.

[sauhund1]

Das ist doch nicht schlecht.
Von den 42 Mio wird mehr als die Hälfte
in bald wertlosen $ bezahlt und man erhält
dafür eine fast einsatzbereite Mine.

[schmacki]

Antwort auf Beitrag Nr.: 33.797.967 von Maigret am 03.04.08 12:49:42

Ich auch nicht,wenn wir aber weiterdenken...
Nach meiner Rechnung,ergibt sich ca.3Mill. Umsatz pro Monat daraus,wenn die Mine in Betrieb ist!

[schmacki]

Antwort auf Beitrag Nr.: 33.798.165 von schmacki am 03.04.08 13:06:30

...konservativ mit einem Silberpreis von 10D!

[Maigret]

Antwort auf Beitrag Nr.: 33.798.197 von schmacki am 03.04.08 13:09:09

Also wenn ich mir halt mal Peers anschaun finde ich die 42 teuer.

Sterling Mine hat weit über 200 Mio Unzen im Boden, eine Marketcap von knapp 100 Mio, ging gerade in Produktion und will auch wenn ich mich richtig erinnere 4 Mio Unzen pro Jahr abbauen.

Ich glaube nicht dass Shafter alone vom Markt als börsennotierter Wert mit einer Marketcap von 42 Mio bewertet worden wäre.
Vielleicht die Hälfte davon. Gut für eine Übernahme hätte man auch nochmal nen Aufschlag bezahlen müßen....

Die ersten Stockhouse-Poster scheinen ja angetan zu sein. Wenn das die gängige Marktmeinung ist soll es mir recht sein. So richtig glaube ich aber noch nicht daran...

[Maigret]

Antwort auf Beitrag Nr.: 33.799.666 von Maigret am 03.04.08 15:22:15

0,78 CAD +13% unter großem Volumen
Der Markt scheint also doch ganz angetan zu sein.

Ich habe immer noch ein leichtes Bauchgrummeln bei der Geschichte. 42 Mille ist einfach viel und eigentlich wäre es mir doch lieber Sie hätten ohne weitere Kapitalverwässerung erstmal das Potential von LaNegra und Rosario ausgeschöpft....

[schmacki]

Antwort auf Beitrag Nr.: 33.815.711 von Maigret am 05.04.08 07:50:35

Wenn erst mal die 3 Minen laufen und La Negra wird verdoppelt...,dann ist da noch der Silberpreis(der meiner Meinung nach wieder anzieht),ist AUN ein gutes Investment auf mittlere und langfristige Sicht!

[Schnuckelinchen]

Ich finde den Silber Deal zwar teuer, aber längerfristig sicher schlau und habe meinen Bestand an Aurcana wieder aufgestockt.

[schmacki]

Mit diesem Deal hält jetzt Silver Standard 15% an AUN!

[neptuno123]

Aurcana drills 8.15 m of 420 g/t Ag at La Negra


2008-04-11 08:26 ET - News Release

Mr. Ken Booth reports

AURCANA INTERSECTS 8.15 METRES OF 420 GRAMS PER TONNE SILVER AND 1.59 PERCENT COPPER

Aurcana Corp. has provided high-grade assay results from six diamond drill holes that are part of a continuing 15,000-metre underground exploration program at its 1,000-tonne-per-day La Negra mine, Queratero state, Mexico. The work has been focused in the Alacran-Cristo Rey area, where the drilling is confirming positive historical drill results.

The intersections listed in the table confirm the presence of the Cristo Rey high-grade silver copper zone which is a near vertical zone controlled by a felsic dike (Cristo Rey dike). Other significant intersections associated with the Cristo Rey dike are presently interpreted to be part of the Luisa manto which emanates from the dike at a shallow angle. Intersections of the Luisa manto are listed separately. A number of additional promising intersections are thought to represent new zones and additional drilling will be targeted at these areas in order to determine their continuity.


CRISTO REY ZONE -- ASSAY RESULTS

Hole From To Length Silver Lead Zinc Copper
No. (metres) (metres) (metres) (Ag) (Pb) (Zn) (Cu)

LYA-01 50.35 55.95 5.60 184.00 0.70 2.46 0.68
Incl. 50.35 52.30 1.95 241.00 0.86 5.52 1.56
LYA-02 56.35 59.00 2.65 240.00 1.27 6.80 0.90
LYA-03 56.65 64.80 8.15 420.00 1.81 5.55 1.59
LYA-07 58.15 60.30 2.15 306.00 1.08 7.83 1.57



MANTO LUISA -- ASSAY RESULTS

Hole From To Length Silver Lead Zinc Copper
No. (metres) (metres) (metres) (Ag) (Pb) (Zn) (Cu)

LYA-02 86.70 89.60 2.90 202.00 0.84 2.29 1.24
LYA-04 62.15 64.5 2.35 350.00 4.00 8.97 0.37
70.10 81.80 11.70 241.00 1.32 1.65 2.17
Incl. 70.10 75.70 5.60 346.00 0.87 1.57 4.34
LYA-05 64.30 67.70 3.40 143.00 0.21 2.81 2.29
LYA-07 62.35 70.10 7.15 214.00 0.78 3.22 1.60



NEW ZONES -- ASSAY RESULTS

Hole From To Length Silver Lead Zinc Copper
No. (metres) (metres) (metres) (Ag) (Pb) (Zn) (Cu)

LYA-03 89.75 93.60 3.85 151.00 2.16 3.83 0.22
173.60 177.90 4.30 101.00 0.40 4.83 0.62
196.35 199.95 3.60 133.00 0.65 4.93 0.70
LYA-05 108.10 110.80 2.70 90.00 0.08 0.20 2.07
LYA-07 97.85 99.10 1.25 316.00 1.06 6.86 0.75


The exploration program at the La Negra mine is now emphasizing silver-copper-rich areas such as Cristo Rey as a result of near record silver and copper prices. The Cristo Rey zone has now been intersected down to the 1900 level and along with the Luisa manto represents an area of well above average silver-copper values. An access ramp is already developed down to the 1970 level, and development work is continuing to advance the ramp for future production.

We seek Safe Harbor.

[heddog]

Antwort auf Beitrag Nr.: 33.868.939 von neptuno123 am 11.04.08 18:03:54

Für mich unverständlich, warum es in Kanada auf diese guten News null Reaktion gibt...

[Maigret]

Antwort auf Beitrag Nr.: 33.868.939 von neptuno123 am 11.04.08 18:03:54

Wow ! sehr schön....

[Chessmaster]

Antwort auf Beitrag Nr.: 33.798.197 von schmacki am 03.04.08 13:09:09

ruhig geworden hier.....hat jemand ne aktuelle einschätzung..., überlege zu diesen kursen zuzukaufen.

[neptuno123]

Aurcana drills 23.50 m of 145 g/t Ag and 1.96% Cu


2008-05-21 08:20 ET - News Release

Mr. Ken Booth reports

AURCANA REPORTS 145 G/T SILVER AND 1.96% COPPER OVER 23.5 METERS

Aurcana Corp. has released the results of two additional underground diamond drill holes from the Cristo Rey area. These drill holes along with previously announced drill holes (see news release in Stockwatch dated April 11, 2008) continue to confirm and expand the presence of high-grade copper-silver mineralization related to the Cristo Rey dike in the Alacran-Cristo Rey area.


DRILL RESULTS IN ALACRAN-CRISTO REY AREA

Drill hole Interval (m) Silver (g/t) Lead (%) Zinc (%) Copper (%)

LYA-08 9.45 158 0.35 0.97 2.30
LYA-10 23.50(i) 145 0.39 1.64 1.96

(i) Estimated true thickness is 15.5 metres.

This drilling is part of an extensive infill program in the Alacran-Cristo Rey area that will bring the historical resources, shown in the historical resources table, up to National Instrument (NI) 43-101 standards.


HISTORICAL RESOURCES (NON 43-101 COMPLIANT)

Deposit Tonnes Silver (g/t) Lead (%) Zinc(%) Copper (%)

All zones 2,145,600 152 0.93 3.03 1.09
(Incl.) Alacran-Cristo Rey 1,245,200 154 0.75 2.77 1.54

The drilling completed to date has provided the guidance necessary for the placement of an access ramp down to the 1950 level. This is now under way and once complete a more comprehensive underground channel and drill sampling program will be undertaken in this area in preparation for upgrading another part of the historical resources into a NI 43-101-compliant resource category. A drill station is also being planned in order to follow the Cristo Rey zone along strike to the northwest of drill hole LYA-10. Future drilling will aggressively step out to follow Cristo Rey down below the 1900 level where a historic drill hole reported a core length of 7.8 metres with 323 grams per tonne (g/t) silver, 0.51 per cent lead, 2.37 per cent zinc and 5.79 per cent copper.

Ron Nichols, PEng, a director and vice-president of exploration for Aurcana, and a qualified person as defined by NI 43-101, supervised the preparation of the technical information in this news release.

We seek Safe Harbor.

[IIBI]

Silver Wheaton buys silver production from La Negra


2008-06-03 08:16 ET - News Release

Mr. Peter Barnes reports

SILVER WHEATON ACQUIRES 50% OF LIFE OF MINE SILVER PRODUCTION FROM AURCANA\'S LA NEGRA MINE IN MEXICO

Silver Wheaton Corp. has agreed to purchase 50 per cent of the life of mine silver produced at the La Negra mine located in Queretaro state, Mexico. The La Negra mine, which is 80 per cent owned by Aurcana Corporation, is a 1,000-tonne-per-day polymetallic mine originally discovered, developed and operated for 30 years by Penoles S.A. de C.V.

Silver Wheaton will pay Aurcana an upfront cash payment of $25-million (U.S.) in order to acquire 50 per cent of all silver produced from the La Negra mine for the lesser of $3.90 (U.S.) (subject to a 1 per cent annual adjustment starting in year four after production commences) or the prevailing market price per ounce of silver. Payment for the transaction will be drawn from existing credit facilities. The transaction is expected to close by June 20, 2008.

As part of this agreement, Aurcana has also agreed to complete a separate life of mine silver stream agreement on its soon to be acquired Shafter silver mine located in Texas, USA. Terms of the future agreement are expected to be announced in the third quarter of 2008.

Penoles began operations at the La Negra mine in 1970 and processed a total of 6.7 million tonnes over a 30-year period. Average silver grades over this period were 169 grams per tonne, producing over 30 million ounces of silver along with substantive zinc, copper and lead. When Penoles placed the operation on standby in 2000, it reported mineral reserves of 1.22 million tonnes of ore with a silver grade of 161 grams per tonne, and inferred mineral resources of 2.15 million tonnes with a silver grade of 152 grams per tonne as reported by Aurcana in Stockwatch Feb. 2 and May 21, 2008. These historic mineral reserves and resources are not National Instrument 43-101-compliant, as Penoles did not report them to NI 43-101 standards and, therefore, should not be relied on.

In early 2006, Aurcana purchased an 80-per-cent interest in the mine and initiated a drilling and development program on the Alacran and Monica zones, with a focus on testing and expanding the historical reserves and resources. Results have lead to an almost 80-per-cent increase of resources over the historical Penoles resources in those areas as reported by Aurcana in its news releases date Jan. 25 and March 19, 2008.

Commercial production commenced in July, 2007, at 1,000 tonnes per day, and Aurcana has announced plans to increase production to 2,000 tonnes per day (as per Aurcana news in Stockwatch Oct. 12, 2007, and Feb. 26, 2008).

Exploration potential at La Negra mine is considered excellent and Aurcana is currently completing a 15,000-metre underground drill program, which has confirmed historical data and discovered new zones of mineralization, according to its news releases in Stockwatch dated April 11 and May 21, 2008.

\"In addition to the silver stream agreement on the prospective La Negra mine, this agreement will allow Silver Wheaton to acquire a silver stream at the Shafter silver mine, which is expected to be in production by the end of 2009,\" said Peter Barnes, president and chief executive officer of Silver Wheaton. \"We look forward to working with the Aurcana management team to help build their company going forward.\"

Salman Partners Inc. acted as financial advisers to Silver Wheaton on this transaction.

Randy V.J. Smallwood, PEng, Silver Wheaton\'s executive vice-president of corporate development, who is a qualified person as such term is defined under National Instrument 43-101, has reviewed and approved the contents of this news release. Production rates and resources are as reported by Aurcana in a news release dated Oct. 12, 2007.

We seek Safe Harbor.

[Chessmaster]

hui..da geht ja einiges heute...

[IIBI]

Antwort auf Beitrag Nr.: 34.227.595 von Chessmaster am 03.06.08 16:04:51

super Deal für Aurcana, denke jetzt kann es wieder nach oben gehen! Der Einstieg von Silver Wh. ist wie ein kleiner Ritterschlag!

[neptuno123]

Der Thread ist tot und die Aktie geht den Gulli runter ?

neptuno trinkt mittlerweile Bier von Aldi. Mein schlechtestes Börsenjahr seit 2002.

[schmacki]

Im Moment geht alles,was nach Explorer oder Miner riecht,in den Keller!Gute Chance zum nachkaufen.

[Schnuckelinchen]

Blödsinn, die Forengötter haben an gewissen Werten halt kein Interesse mehr zu pushen, logischerweise sinkt dann der Kurs.

Aurcana ist völlig langweilig, wer will sowas schon haben in diesen Zeiten. Liquidität ist das Wichtigste, es geht um Kapitalerhalt, nicht um unkalkulierbare Risiken.

[buw]

Antwort auf Beitrag Nr.: 34.777.398 von Schnuckelinchen am 20.08.08 14:55:24

Hallo!

Also, mit Nachkaufen wär ich jetzt auch vorsichtig, obwohl es mir schon ein paarmal in den Fingern gejuckt hat, besonders nach dem Silver Stream Deal.
Ich glaube, wir werden - zurecht derzeit - als Basismetallproduzent gesehen. Und schaut euch die mal an! Seit ich Aurcana hab zumindest, uiuiui!
Ein wenig positiv: Wenn Silber abschmiert, so wie die letzten paar Tage,macht unsdas gar nicht so viel aus (tut natürlich trotzdem weh).

Ich bin jedenfalls fett im Minus! Ganz fett! Warum hab ich dann noch nicht verkauft? Vielleicht, weil die anderen unseren Abwärtsmove teilweise nachgeholt haben in den letzten Wochen?

Aber im Ernst: Ich denke, die Nachrichten könnten - komischerweise - für Aurcana besser fast nicht sein. Gut, warten wir mal die Zahlen ab, aber viel kann man da wohl auch nicht erwarten.

Das klingt jetzt alles negativer, als ich eigentlich beabsichtigt habe. Fazit: Es kommt jetzt vieles auf Shafter an. Wenn die Finanzierung mit Silver Wheaton durchgeht, dann werde ichnachkaufen. Früher trau ich mich nicht, ich Schisser.
Nur Meine Meinung.

Schnuckelinchen hat schon recht: Cash ist, was zählt!!!

Haltet durch (ich werds jedenfalls tun), Grüße,

buw

[Schnuckelinchen]

Mit konsequenten Stopp Loss Limits wäre man auch hier niemals soweit ins Minums gekommen.

Ich habe hier auch ein paar Federn lassen müssen, aber wenn ich mir vorstelle heute noch engagiert zu sein - gute nacht!

Wichtig ist Cash zu haben, ansonsten hat man keine Chance später nochmal ein Investment zu wagen. Explorer sind- von Ausnahmen abgesehen- sowieso abgemeldet. Wozu auch kleine Klitschen kaufen wenn es grosse etablierte und seriöse Unternehmen derzeit so billig zu kaufen gibt.

[buw]

Hallo Schnuckelinchen!

Da mit dem Stopp-Loss hast du recht, aber das mach ich bei so kleinen Klitschen nicht. Wann dann wieder einsteigen? Und das will ich, sonst hätt ich die Aktie von Vornherein nicht gekauft.

Aber lassen wir das. Mit dem Cash hab ich gemeint, die Firma muss ausreichend Cash haben, um ihre Projekte durchziehen zu können. Aurcana scheint das ohne Dilution schaffen zu können.

Lass unsmalein wenig Spinnen: Alles klappt wie vorgesehen (tutszwa nie, aber trotzdem:

Ende 2010/Anfang 2012 produziert AUN 5 Millionen Unzen Silber aus 3 Minen (Minus Silver Stream, aber plus Basismetalle und Gold. Jetzt schau dir mal unser Market Cap an. 40 Millionen, so um den Dreh, weiß gar nicht genau, sollte mal wieder genau nachsehen.
FR produziert dieses Jahr 5 Millionen Unzen, hat 250 Millionen MK und gilt als (hoffnungslos) unterbewertet. Blackmont hat auf jeden Fall 8,5 Dollar als Target für dieses Jahr. (logisch,die haben ja auch die letzte Kapitalerhöhung gezeichnet

Nicht, dass AUN sich automatisch verzigfacht, aber Risk/Reward stimmt meiner Meinung nach schon.

Alles andere muss man dann sehen. Wie gesagt, Shafter wird wichtig.

Viele Grüße,

web

[Schnuckelinchen]

Mittlerweile steht dieser Schrott bei 0.30 CAD bei steigenden Umsätzen, also keine Zufallskurse. Tendenz weiter fallend, zum Jahresende kommt dann noch tax selling dazu...

Kann nur hoffen, dass hier niemand mehr dabei ist.

[Chessmaster]

Antwort auf Beitrag Nr.: 34.960.002 von Schnuckelinchen am 03.09.08 11:23:06

naja auch wenn das momentan sicher alles nicht sehr gut aussieht - als schrott würde ich die aktie auf keinen fall bezeichnen..., fundamental hat sich ja nichts geändert - und stimmungen können auch schnell wiede drehen....

[Schnuckelinchen]

Wenn das so weitergeht, kann man die Aurcana bald umsonst bekommen. Gschenkt würde ich sie nochmal nehmen

[buw]

Antwort auf Beitrag Nr.: 35.041.716 von Schnuckelinchen am 09.09.08 22:26:56

Hallo!

Da will ich aber vorher auch welche umsonst haben!

Ich mein, wo sind wir denn? Kommen irgendwelche ehemaligen Aktionäre daher und drängen sich dann dazwischen ...

Nix für ungut, aber ich hätt grad vor Lachen über dein Posting fast mein Cola über den Bildschirm verteilt ... obwohl der Kurs ... na ja, der Kurs ist halt der Kurs und dein Stopp-Loss wär hier schon besser gewesen im Nachhinein. Ist zurzeit aber auch ein Gemetzel!

Viele Grüße,
buw

[Chessmaster]

Antwort auf Beitrag Nr.: 35.042.042 von buw am 09.09.08 23:16:43

http://www.aurcana.com/s/PhotoGallery.asp

aktionär sein wo andere urlaub machen

aber im ernst...ich habe meine erste posi inzwischen halbiert.
auf dem aktuellen niveau beginne ich nachzukáufen...

LANGFRISTPOSITION - ich denke der mut könnte in einigen jahren
belohnt werden.

[buw]

Antwort auf Beitrag Nr.: 35.061.136 von Chessmaster am 11.09.08 13:07:18

Da warst du schlauer als ich mit dem Halbieren.

Ich werd hier voraussichtlich auch noch aufstocken, aber das hat noch Zeit. Sollen sich die Märkte erst mal ausspinnen (natürlich aus meiner Perspektive, kann auch falsch liegen) und AUN zeigen, dass sie ihre Pläne wenigstens einigermaßen einhalten können.

Ich denke, bis da von Silver Wheaton was kommt, das dauert noch ein wenig.

Schlimmer kanns ja fast nicht mehr kommen (kursmäßig), aber das hab ich andererseits schon mal gedacht ...

So long, lassen wir uns überraschen,

buw

[buw]

Nachtrag: Ich würd hier gern mal was zur Diskussion stellen. Hoffe auf möglichst viele Antworten.

Machen wir uns nix vor. Auf den ersten Blick ist unser Kurs verheerend. Meines Erachtens ist es aber nur der Kurs, der Rest passt schon (Chance/Risiko)

1. Wir haben drei Minen (die eine, produzierende, läuft noch nicht so richtig => Risk,aber auch Reward vorhanden

2. Wir haben ein Asset (unser neues Flaggschiff) von Silver Standard, die haben Aktien von uns als Teil der Zahlung akzeptiert.

3. SLW ist eine Silver Stream Deal mit uns eingegangen. Großes Plus

Beide haben eine DD, die unserer weit überlegen sein dürfte, und haben kein Risiko gesehen

4. Allein Shafter hat 43 Millionen gekostet (jetzt natürlich weniger), unsere Market Cap ist halb so "Doll")

5. Ganz wichtig! Es soll ein zweiter Deal folgen! Der wird "überlebenswichtig", sonst Dilution bis zum Anschlag.

Ich erachte ein Investment hier als keineswegs unriskant, aber gleichzeitig als sehr aussichtsreich. Wenn ich mich umschaue, hat jeder Junior Miner inzwischen mindestens 50 % verloren, und nicht wenige werden pleite gehen oder zu Schleuderpreisen übernommen werden.

Ich denke aber dennoch, wir gehören nicht dazu.

Wäre dankbar für eure Meinungen (auch Schnuckelinchen, wenn sie noch mitliest, ich mag ihren Humor) und Anmerkungen, falls ich was Wichtiges vergessen habe.

Viele Grüße,

buw


Neuinvestor müsste man sein! Ist jetzt keine Werbung, denn die Chose her kann auch im Totalverlust enden. Wobei sie dann immer noch ihre Assets "versilbern" können ... wär natürlich trotzdem ein Disaster.

[Chessmaster]

gar nicht schlecht wie der "schrott" sich entwickelt hat die letzen tage