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OK so tell me if I am wrong. They allocated 6,000,000,000 shares at $.00001. Now AUMY sits at .0001. So they can sit here forever and dump shares at 1000% profit. Based on this if I am correct it would be safe to assume they have no intentions of increasing the PPS. Does anyone else have the same feeling.
I meant Phony....not FONE sorry for the typo
Looks to me that this is the same FONE company it has always been
How do we know this is not another Hoax? How long does it usually take for it to be official? The OTC page still lists it as Auric Mining. Which Enterra Corp is it?
AUMY is the Best! They have a Great Plan! I can not wait to be Rich from this Company. What a Smart investment to make. I think I might even apply for one of the job openings posted on the company website. This excites me!!
Not much to worry about when mining Pluto.. They have PMDP to handle the shipping and storage of their raw ores... Just a thought. haha!
I am confused as to why on the website it list Little Prince Mine and St. Kevin Mine as new properties but they have not had any news releases in regards to them fully acquiring these 2 mines. One would think that would be pertinent info for a company to release. I wonder if they actually own them? I'm thinking they do not. Anyone else??
So the new Web Site says they provide profitability for their share holders. What do I need to do to get this benefit?
Lather, Rinse, Repeat.......
They got a new website. Does that officially make them a company again even though none of the links work. It looks like a wish list for what they want us to think they might be doing. If you notice they posted items in the "news" category but omitted the dates so we can not tell they are from 3-4 years ago.
Holding long and strong cuz I have no other option...Go AUMY!!! I just may retire from this investment.
Pele Gold and a partner are going to mine to property next to Dog Lake. They have been working their Festival Property since 2003. I am not sure if I can wait 10 years for AUMY. It is the property AUMY refers to in the project description.
It is nice to have some fun but the facts are that we have all lost our money on this company due to many missleading PRnews releases published by them for the personel benefit of them. I am anticipating the next News release will not be until July when they do a quarterly report to tell us they own nothing, do nothing, and are planning nothing.
Just my frustrated opionion!
That actually may not be that far fetched. Looking at maps of the Dog Lake project it looks like they might need to call in Ice Road Truckers Crew to get the gold out once its mined. Good idea for financing!! Send that one to Mr. Burke.
I am guessing that what ever is going on with AUMY that Presidents Corp will be part of it. They may do a reverse merger, reverse split, sell their position to another company or even provide funding. One way or another if you go to Presidents website and read you can see all the options I feel AUMY is choosing to proceed with. Also AUMY's one partner in this gold mining scheme Based on info from the "client" section of their website (MELY) is being funded by Presidents Corp. President Corp also has an interest to make AUMY successful being that they hold millions of shares.
I am hoping for something positive. But you know the old saying wish in one hand and Poo in the other and see which one fills up first. This is all my opinion and speculation.
I hope you are right. Nothing more to do but wait.
What are they doing that would generate revenues? I haven't been able to find anything regarding mining, exploration, or reserves.
Wonder if that means they are putting a fork in that project?
Can someone tell me what this means as far as AUMY's well being? Below is an exerpt from Micro Electronics Co (MELY) March 31, 2013 Financial report.
Note 6 – Mineral Claims
On April 1, 2009, the Company acquired certain assets of First Light Resources, Inc. ( “ First Light ” ), namely nine mineral claims located near Wawa in northern Ontario, Canada. The purchase price for the assets was $114,000, payable in cash and/or Company common stock. No cash was paid to First Light and a total of 55,000 shares of Company common stock were issued to nine designated parties of First Light, increasing the issued and outstanding shares of Company ’ s common stock from 30,060 shares to 85,060 shares. The Company also assumed a $10,912 account payable of First Light in connection with this transaction. The total $124,911 purchase consideration in the First Light transaction was allocated to the nine mineral claims which represents First Light ’ s represented amount of exploration costs on the properties. Title to the mineral claims is being held in trust, on behalf of the Company, by Dog Lake Exploration Inc. ( “ Dog Lake ” ). Two of the nine mineral claims were allowed to lapse in fiscal 2009 and four claims remain in good standing as of March 31, 2013. After completion of the First Light transaction both Dog Lake and First Light are considered related parties with the Company due to significant stockholdings in the Company by a director in common between Dog Lake and First Light.
On April 1, 2010, Auric Mining Company ( “ Auric ” ) entered into an option agreement with the Company to acquire from the Company a fifty-two percent working interest in the mining claims held in trust, on behalf of the Company by Dog Lake Exploration Inc. Auric was to have completed its due diligence prior to the option expiring on September 15, 2011. An extension of the expiration date was granted by the Company pending further negotiations on timing, payment amounts and terms. At the time of the agreement, a director of the Company was also the President of Auric, therefore Auric was considered to be a related party and the option agreement was a related party transaction.
On March 22, 2013 the Company decided to no longer support mineral claims and therefore took an asset impairment charge equal to the amount of the mineral claims of $124,911.
Micro Electronics Co. (MELY) A majority owner in the Dog Lake claims reported in their March financial report that they no longer support mineral claims. I am Not Sure what that means but I can only assume it is not good for AUMY.
I am not worried...if they find Money for Financing, or Gold Reserves we will see an upward trend...in my opinion all they need to do first is start exploring for it.
A share buy back would be great but based on the financial report if they were to raid their Petty Cash Cigar Box at .0001 they might be able to purchase 1 million shares
That is a forward looking statement....We have all read the fine print in regards to those.
I hope you are right...But I wonder How long it will take? How aggressively are they working towards profit generation of these claims or are they holding them hoping a neighboring company may someday want to mine them 10 years from now?
Any news would be Good news!! At least we would know they are still operating.
Go AUMY....Waiting for your news...
AUMY took advantage of the PR news wire to a whole new level last year. For them to gain the respect and trust of investors again they will need to reveal substantial evidence of exploration and reserves. If they are who they "claim" They should not have an issue doing it. The Dog Lake project they claim to be exploring is over 4 years in the works that had previous work performed on it. they were not starting from ground zero. If it is a real project I feel there should be a release on it soon. I am starting to wonder if it is legit.
Nice weather?. Are they working in it yet? I just feel that AUMY has no choice but to raise the PPS here. Its the only way they can return the favor to all the folks they have paid with shares of stock that are now not valued at all. This is going to go up in my opinion.
Please let us know if you find any info on exploration of properties or updates on projects. I would like to know if they or are actually working on or involved in some of the items that were advertised in the PR's from the past few years.
The Gold is right below our Grubb Hoes....There is nothing to do but hold. My opinion is they will need to pump it up again. They have no choice. Resources will run out. Consultants will need to be paid. If only they would invest in exploration. It has been almost a year since a PR. There has to be something in the works In my Humble Opinion.
Correction to last post they get paid $660,000. I could not delete it. Does anyone know whant the consultants' scopes are?
Note 6 – Consulting Agreements
In March of 2012 the Company entered into a 2 year consulting agreement with PCG Presidents
Corporate Group, Inc. The Company debited prepaid expenses for the full value of the
agreement which was valued at $360,000. The Company is amortizing a monthly consulting
expense of $15,000.
In March of 2012 the Company entered into a 2 year consulting agreement with Fully
Technology Company. The Company debited prepaid expenses for the full value of the
agreement which was valued at $100,000. The Company is amortizing a monthly consulting
expense of $4,167.
In March of 2012 the Company entered into a 2 year consulting agreement with E Com Capital.
The Company debited prepaid expenses for the full value of the agreement which was valued at
$100,000. The Company is amortizing a monthly consulting expense of $4,167.
In March of 2012 the Company entered into a 2 year consulting agreement with Sofiane Group.
The Company debited prepaid expenses for the full value of the agreement which was valued at
$100,000. The Company is amortizing a monthly consulting expense of $4,167.
This goose lays Golden Eggs.
All they need to do is find Gold or Money. This thing will Fly High!!!
Are you saying the Financial Guarantee is just a Bond or insurance they were granted to cover the Financing?. They still need to find someone to provide the Financing. It was never mentioned in the report who knows they probably ended up not getting either.
I need a translator to decifer the ambiguity.
Call Columbo.... I want to know what the $675,000 consulting fee was for.
I would like to know more about the two exerts pasted below. They say work was to start in the Spring of 2012. Since that was almost a full year ago if work was performed they could provide an update. If work was delayed they could also provide that info. They keep boasting about these two properties. They are the one's that I was aroused by. So far it has turned out to nothing but fore play without the climax. I wonder if they ran out of money or if that is where the $30,000,000 debt has gone.
In my opinion there would be a lot of enviromental risks when mining Uranus.
Thius report is very ambiguous. Not much substance. Where are the updates of the projects?
Tell me is this the Google of the mining spectrum? Honestly I need to know.
I still have Hope they did not lie about their interests in Canada. If things don't move this Spring I'm giving up. But everybody has interest in Canada's gold so I guess to AUMY that would not be dishonest...
Web Site is down again. IMO they are pulling the plug and locking the doors. I'm writting this one off as an educational expense.
I analyzed the current pps. In my opinion it can not go any lower. The only option it up.....Right???