Check out this tiny Silver Miner

[Seraphim]

When he made the suggestion, the stock was 58 cents per share, if I'm not mistaken.

It's currently at 2.92$. That's a fantastic return. now imagine if one bought sub 1$ and sold around the 10$ top. That's incredible performance.

Came across this thread. I think he picked properly. yes?

http://finance.yahoo.com/echarts?s=...n;ohlcvalues=0;logscale=off;source=undefined;

 

[jtap]

Wish I could have jumped on this boat. +rep ark for hooking up your fellow rpf'ers.

 

[jct74]

When he made the suggestion, the stock was 58 cents per share, if I'm not mistaken.

yeah but there was a 1:8 stock split, so the current price $3.00 divided by 8 is $0.375, which means loss of 35% from $0.58

http://www.google.com/finance?q=CVE:AUN&ei=z5ILUsDPJM3LiQLwCA

 

[Arklatex]

What a surprise to see this thread - I sold out at around a buck but have been active in Aurcana in the IRA I manage:


Date Settlement Date Symbol Description Commission/Fees Interest Amount Avg Price
8/1/2013 8/6/2013 AUNFF BOUGHT 1500 SHARES OF AUNFF AT $2.2019 ($7.00) $0.00 ($3,309.79) Yes
7/23/2013 7/26/2013 AUNFF SOLD 1500 SHARES OF AUNFF AT $2.4134 ($7.00) $0.00 $3,613.08 Yes
7/18/2013 7/23/2013 AUNFF SOLD 3000 SHARES OF AUNFF AT $1.7442 ($7.00) $0.00 $5,225.60 No
7/5/2013 7/10/2013 AUNFF BOUGHT 2000 SHARES OF AUNFF AT $1.1616 ($7.00) $0.00 ($2,330.24) Yes
6/5/2013 6/10/2013 AUNFF BOUGHT 800 SHARES OF AUNFF AT $2.8127 ($7.00) $0.00 ($2,257.15) Yes
5/30/2013 6/4/2013 AUNFF BOUGHT 1800 SHARES OF AUNFF AT $2.274 ($7.00) $0.00 ($4,100.20) No


Shafter came into production but has been stifled by water, I forcast Q1 2014 for things to really get ramped up with an upgraded mill.

Coupled with rising interest rates and the Ben Bernanke miners have taken big hits especially, you can pick just about any of them and get a return, Schiff just was on Bloomberg saying this was the buying opportunity of a lifetime, it's not as good as 2008 but it was close. Things have just started turning around about a week and half ago. Everything is dependent on the FED. FHA streamline rates are rising.

I be back later, I have two other positions I've excited about, microcap miners with free cash flow, good mines lifes, incredibly undervalued and even pay a large dividend! I mean - wtf! I wish I had some more free cash.

PS: Group - We NEED to focus on this http://www.ronpaulchannel.com/

 

[ILUVRP]

i will chime in with this , i am tired of losing money on the miners , these guys can't make money no matter where the price of metals go .

anymore i just buy the gold/silver , as far as the market , i buy SLV and UGLD ( a 3x the price of gold mover ) .

i gave up on the miners stocks .

 

[flaversaver]

yeah but there was a 1:8 stock split, so the current price $3.00 divided by 8 is $0.375, which means loss of 35% from $0.58

http://www.google.com/finance?q=CVE:AUN&ei=z5ILUsDPJM3LiQLwCA

Can you translate this for us noobs? I thought the stock splitting was a good thing.

 

[jct74]

Can you translate this for us noobs? I thought the stock splitting was a good thing.

A stock split does not increase the value of your investment position, but it does change the number of shares you own and the share price, see here for more information:
http://en.wikipedia.org/wiki/Stock_split
http://www.investopedia.com/ask/answers/113.asp

Aurcana did an 8:1 reverse split, so the stock price increased 8-fold but it also divided the number of shares you own by a factor of 8. To figure out your return if you invested before the split divide the current stock price ($3.00) by 8, that gives you $0.38 which means you lost money from the $0.58 purchase price.

 

[Seraphim]

Generally a good idea. I'm not a fan of chasing miners. I think the metals will outperform miners as a whole.

i will chime in with this , i am tired of losing money on the miners , these guys can't make money no matter where the price of metals go .

anymore i just buy the gold/silver , as far as the market , i buy SLV and UGLD ( a 3x the price of gold mover ) .

i gave up on the miners stocks .

 

[Arklatex]

ILUVRP, the massess are brainwashed to "buy and hold" because that is the media available to all, by the Peter Lynch's-Benjamin Graham's-Modern-Day-Investment-Philosophy is buy and hold. Take Aurcana here, if you would have bought at .59 pretty much anytime you would have SOLD you would have made a profit probably even a great profit. Then enter a low fluctuation in metal prices a couple years later coupled with a Bernanke fed-double-speak mention of tampering off QE which caused all stocks to drop big, if held any miner to this moment your likely down a lot. But don't sell at these times, you buy.

To be fair though, when I recommended this stock it's market cap, the share price x number of shares was what 80 million? As of today it's 174 million market cap still with a solid business. Shafter is a very high grade deposit, it'll be the 2nd largest producing primary silver mine in the United States. This tiny micro cap company had/has that in the works? Couple that with a producing copper/silver/base metal mine in Mexico generating free cash flow, it itself, the La Negra mine has a long mine life with huge exploration potential that now has even assayed AU

Aurcana is a solid investment here and I stand by it, I don't know why this thread is marked 1 star there should be hundreds of Due Diligence threads like this one here, it has SEC jargon deciphering by jordan which as an initiate in accounting SEC statements myself I appreciate

Aurcana is a GEM, I did sell a percentage of my shares yesterday at over $3 for a nice profit from buying in the $1 range post split - I'll buy back when it drops if it does, if not I have 4 other similar mining outfits to spread love.

Mexico is a great area. The people have a strong work ethic with a long history of mining in their genes. Wake up at sun up, take a sip of cafe and work hard till lunch time and then again till it rains or the sun goes down. They get paid and have a higher standard of happiness in general than some in China or Africa. One of the things Aurcana has sighted is they are short on skilled workers at Shafter and have partnered with a school for a local mining program. Geology in general across the USA is not offered by many schools, and if it is it's focused on Nat Gas or Oil

my thoughts, I have more to say but have to jet for now & cheers remember to buy when it's low and sell when it goes up.

 

[flaversaver]

Arklatex - Have you looked at RVM? I believe they suffered through an earthquake and it destroyed some mining operations, but supposedly things are coming back online. The stock is cheap, carries risk, but has huge potential. I'm thinking about betting big, but since you seem to have knowledge of the miners, I'm curious as to your thoughts.

 

[Arklatex]

If you think silver is going to go back up then it's undervalued. Has production but is not profitable at current silver spot with just it's troy mine.

I'd have to look at them again but I remember their rock creek project had regulatory issues galore.

 

[flaversaver]

I do think silver is going to go up, especially over the long term.

You still bullish on AUNFF? I have a stock alert set for sub 2. If that hits I'm buying and going long or until Rand becomes president.

 

[Jordan]

To be fair though, when I recommended this stock it's market cap, the share price x number of shares was what 80 million? As of today it's 174 million market cap still with a solid business. Shafter is a very high grade deposit, it'll be the 2nd largest producing primary silver mine in the United States. This tiny micro cap company had/has that in the works? Couple that with a producing copper/silver/base metal mine in Mexico generating free cash flow, it itself, the La Negra mine has a long mine life with huge exploration potential that now has even assayed AU

Market cap doubles, value per share significantly lower. So, basically, over the last couple years shareholders have thrown boatloads of money at a mine that clearly isn't creating value.

I think it's safe to say that valuing this company is over every RPF members' pay grade. I wouldn't even consider owning this unless you have first hand mining experience at their mines, and have a very good grasp of financial statements. If it were such a bargain, one would think it'd be a target for any larger miner.

 

[ILUVRP]

i will add this , i saw on another post question " what to look for when buying a stock " , to me the answer is insider buying , if the insiders won't buy the stock why should i buy it .

most mining stocks have a beta of at least 3 , so why even buy the miners stocks when you could buy UGLD ( 3x mover ) when gold was around $1800 ugld was about $60/sh.

 

[Arklatex]

i will add this , i saw on another post question " what to look for when buying a stock " , to me the answer is insider buying , if the insiders won't buy the stock why should i buy it .

most mining stocks have a beta of at least 3 , so why even buy the miners stocks when you could buy UGLD ( 3x mover ) when gold was around $1800 ugld was about $60/sh.

I love to see insider buying, check out the the activity of Brigus Gold in that regard, the key guys threw down recently and in 2010. they also have a noteworthy shareholder by the name of Dr. Ron Paul. http://seekingalpha.com/article/132...-company-with-recent-intensive-insider-buying

Watch out with those leveraged etfs. They are designed for day trades and nothing more, say gold is up %1 over the next two years that thing might be negative for example because of the 'decay' they term it. http://seekingalpha.com/article/299100-fear-leveraged-etfs-not-futures

Jordan dude, time will tell, like the share price this time next year. Over the last 3 months the S&P500 is up 1%, Aurcana up 40%, even more than double the juniors mining index GDJX. That's quite a bit more than Silver Wheaton

Proven management; now just created the 2nd largest primary silver mine in the United States -Silver Wheaton wanted in - very high grade grams per ton Ag - solid exploration potential for expansion with BOTH their mines with Gold being struck at shafter which was unknown. Dumb luck? Bigtime earth being moved scheduled in near term. =) I mean c'mon what small cap equity would you rather?

 

[Cowlesy]

Fun fact. There were no miner IPO's on the TSX in Q1 2013 (not sure about Q2 2013) yet. First time in 10 years. All that cash sloshing around to fund mini miners has essentially dried up and impossible to wash through to retailers via public offerings now.