ATA.TO - Big price drop last week, then Friday ends with a bullish engulfing candle on the daily chart. Watch for a test of the underside of the dotted red trendline. Not making it back above the dotted red bodes for more downside.
From TheBearCave: Blue Orca Capital published on Aya Gold & Silver (Toronto: AYA — CAD$2.08 billion), a Canadian silver mining company with operations in Morocco. Blue Orca alleged that “there is overwhelming evidence that Aya inflated its silver resource at Zgounder, its only producing asset, by over 100%, potentially reflecting as many as 50+ million phantom ounces.” Blue Orca specifically raised concerns about the legitimacy of a bullish December 2021 resource estimate report for the company’s mine. Blue Orca alleged that the resource estimate was “created by a conflicted geologist who appears to be a close business partner of the CEO” and had other anomalies which suggest the report data was manipulated to show artificially inflated silver reserves.
Blue Orca Capital published on Aya Gold & Silver (Toronto: AYA — CAD$2.08 billion), a Canadian silver mining company with operations in Morocco.
Blue Orca alleged that “there is overwhelming evidence that Aya inflated its silver resource at Zgounder, its only producing asset, by over 100%, potentially reflecting as many as 50+ million phantom ounces.”
Blue Orca specifically raised concerns about the legitimacy of a bullish December 2021 resource estimate report for the company’s mine.
Blue Orca alleged that the resource estimate was “created by a conflicted geologist who appears to be a close business partner of the CEO” and had other anomalies which suggest the report data was manipulated to show artificially inflated silver reserves.