Aurcana Silver: from 10-bagger to Huge Disappointment…Bill Powers shares analysis & lessons learned
In this episode, Bill Powers shares his analysis and lessons learned from investing in Aurcana Silver from January 2020 until now. Last week Bill sold his final Aurcana shares for about C$.18/share. Bill initially invested via a private placement in early 2020 at C$.22/share with a full C$.375 three-year warrant. At one point in early 2021 Bill was up almost 10x on his Aurcana investment (when considering the in-the-money value of the warrants in addition to the equity). After exiting the stock last week Bill’s net gain on Aurcana was about 200%. Aurcana was a show sponsor from January 2020 until September 2021.
Stock discussed: https://aurcana.com/
Tickers: AUN on TSXV and AUNFF on OTC
Follow Bill on Twitter: https://twitter.com/MiningStockEdu
Thank you Bill for the Aurcana video. Congratulations on your 2x return. Unfortunately for me, i lost money. But on to the next junior mining resource company. My question to you is as a retail investor, with all the due diligence i have done, how could i have known about Aurcana’s ceo Keith Drover’s past failures? You mentioned that Mr. Eric Sprott would not invest in his company. If i knew that beforehand, i would not have invested in Aurcana. look forward to your reply.