Junior Silver Producer

Aurcana owns and operates two high quality producing silver mines located in favourable mining jurisdictions: La Negra mine located in Queretaro State, Mexico and the Shafter silver project located in Presidio County, southwest Texas.

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Message: Question for Cos, db7db7 or anyone who may have any ideas:

Question for Cos, db7db7 or anyone who may have any ideas:

posted on Nov 26, 2007 02:17PM

(Note: some of this info. is from the other board)

In Coswil's phone conversation with Jack Barnes, he mentioned travelling to Germany to meet with shareholders and in Banman's post today he mentioned that Barnes is in Switzerland meeting with shareholders.

db7db7 in one recent post about his conversation with Barnes relayed "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."

My question is, if these shareholders want more of AUN which is prompting AUN to meet with them in Europe, what can we surmise from this? In other words, would it necessarily mean a PP, or an issuance of shares to those parties by AUN? I thought we were pretty much assuming that there would be no further dilution of the stock for the foreseeable future. After what we went through with that last PP and all those warrants that I have a feeling caused a short fest, I'm a bit concerned. TIA. Cheers, zz

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