Catalin Chiloflischi, Corporate Communications Director told the Gazette this afternoon the announcement is, “Very disappointing for us and for you. It is not the end of Aurcana, there is still value in Shafter, maybe we need to do something different.”
Sound familiar?????
At a peak in late September 2012, Aurcana had a market value of $560 million. Today the company is worth $58 million. On paper, half a billion dollars has been lost speculating on what may or may not lie beneath Presidio County.
In Vancouver, Aurcana stock closed at $1.01, down .40 a loss of 28% reaching a low not seen since 2009.
This is the person we are depending on?
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