Aurora Acquisition Corp (AURC)

[eik]

The problem with juniors (and I own a couple) - market doesn't think reserves are worth much until they are retrieved and sold. This is especially true for reserves in "risky" places like Russia. Citing a poster from another board: "Nobody wants these jr. gold stocks: too many dilutive secondaries; higher mining costs; gold has failed to break through upside resistance 4 times. A discovery of new deposits means a new secondary will be needed to mine it (and dilute your shares). You wait forever with dead money and miss other investment opportunities." The trick is to distinguish juniors from "early producers". Market fails to do this and punishes the whole group, but eventually it will be forced to discover revenues, income, etc. Of course, shorts don't help either. :)

Bottom line: AURC can talk and even prove billions in reserves with no effect to the stock price. To move the price up they need to show a production.
IMO.