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In 1996 Barrick bought out Arequipa, which had 5 million ounces of potential, for $765- which translated into an acquisition cost of $150 per potential ounce. Also, Arequipa’s gold resource was not considered to be completely drilled or developed. There were only 20 actual exploration holes drilled. Yet, early Arequipa shareholders saw a share value increase of 30-fold.
Sounds pretty similar to the amount of gold that AURC has and in 1996 the price of gold was nowhere near the price it is today. But just say we got a similar offer $765 million divided by 103 million out standing shares would be equal to about $7.40 a share!!!!
filled another 5k shares today at .235 and trying for more thats another 45k since yesterday to add to my holdings. Can't beat these prices.
May 22, 2006, 8:43PM
Gold Opens Higher in Hong Kong
© 2006 The Associated Press
HONG KONG — Gold opened higher in Hong Kong Tuesday at US$662.70 an ounce, up US$18.90 an ounce from Monday's close of US$643.80.
Just found this article from May 1st :
SmallCap Sentinel: Will Gold Stocks Continue Run as Gold Hits 25-Year High of $664 per Ounce?
IRVINE, Calif., May 1, 2006 (PRIMEZONE) -- "As gold crosses twenty-five year highs this morning at $664 per ounce, speculative investors watching smallcap gold companies are left to wonder what it means to these equities entrenched in this modern gold rush," stated SmallCap Sentinel analyst D.R. Clark. "Today's gold heights appear to be driven by concerns about the weakening dollar and issues in Iran. Without forecasting gold's ounce/price future, I am willing to say that it seems clear that the factors driving interest in gold today aren't clearing soon."
"Gold's meteoric run has obviously been an unabashed boon to smaller gold-related companies like Tonogold Resources, Inc. (Pink Sheets:TNGL), which is up over 50% in the past month," Clark added. "As we mentioned quite some time ago in SmallCap Sentinel, once the average investor joined the dedicated gold bugs, things can get very interesting."
The informational report "Investing in Gold Stocks for the SmallCap Investor" has been made available free of charge at www.SmallCapSentinel.com and will address the rise of interest in gold related equities such as Aurus Corporation (Pink Sheets:AURC), Azco Mining Inc. (Pink Sheets:AZMN), Western Goldfields, Inc. (OTCBB:WGDF) and others.
One compnay they mention is AZMN, which like AURC is trading on the pink sheets.However the pps of AZMN is $1.35 even though they have less gold reserves than AURC-- they also have less outstanding shares (63 million as of 12/2005) but it just more proof of how undervaled AURC is.
So far up to 40k shares bought today at .24--What a a bargain!!!
Got filled more 20k more shares at .24.
WWEN .18---Big news just out.
Big News Just Out!!!!
are you trying to buy on the ask?
OT--yes, they were.
Just found this information while doing some dd.
In 1996 Barrick bought out Arequipa for $765 million for 5 million ounces of potential gold, which translated into an acquisition cost of $150 per potential ounce. Also, Arequipa’s gold resource was not considered to be completely drilled or developed. There were only 20 actual exploration holes drilled. Yet, early Arequipa shareholders saw a share value increase of 30-fold.
Ihave the link to the whole articleif anyoneis interested.
Sounds pretty similar to the amount of gold that AURC has and in 1996 the price of gold was nowhere near the price it is today. But just say we got a similar offer $765 million divided by 103 million out standing shares would be equal to about $7.40 a share!!!!
I'll be happy with half of that.
Who Expects Four-Digit Gold... and Why!
By David Bradshaw, Idea Factory Press
May 11, 2006
Gold recently hit $725/oz.! The commodity supercycle has swept gold prices to nearly triple since 2001. Just rampant speculation? ... Or, will this gold rush last?
Between 2001-2006 many analysts have jumped onto the $1,000 plus gold bandwagon -- most of whom would not be considered "gold bugs" in the past.
Here's a list of 22 prominent economic and gold experts already on the record forecasting four-digit gold to arrive in the years ahead. Their combined gold price expectation averages $2,036/oz.!
JIM CRAMER, founder, Thestreet.com, host, Mad Money, Real Money
"Gold could reach $1,000 if the Chinese stop buying our paper. Once the levee to the Treasuries breaks, the easy high ground worth gaining will be gold. Any portfolio designed to counter government-mandated inflation has to be bedrocked in gold" -New York magazine, Oct. 10, 2005
JIM ROGERS, Author, Adventurer, "Hot Commodities", former George Soros partner
"Mr. Rogers, who foresaw the start of a commodity rally in 1999, told Bloomberg the boom in energy and raw material prices will endure, driving gold to a record $1,000 an ounce. The shortest bull market for commodities lasted 15 years, the longest 23 years, so if history is any guide, they've got a long way to go. This is not a bubble."
RICHARD RUSSELL, Editor, Dow Theory Letters
"Gold is now being accepted as the fourth currency along with the dollar, the euro and the yen. But there is a difference. Gold is also being recognized as the tangible currency and the ONLY SAFE currency. That gold pays no interest -- but is still at an 25-year high in terms of dollars -- is a testament to its value and safety in the eyes of sophisticated investors." Dowtheoryletters.com
J. TAYLOR, J. Taylor's Gold and Technology Stocks
"This is a different gold bull market and most bullish of all is that fact that this is still a stealth bull market. The voice of the global market is just starting to express a declining confidence in the dollar but with a coverage of only 1.7% [in U.S. gold reserves] at close to $700/oz., I believe we are still in the very early stages of a major gold bull market. We have a long, long ways to go toward $3,000 and beyond." -Howestreet.com
JOHN HATHAWAY, Portfolio Manager, Tocqueville Gold Fund
"Gold is in a bull-market trend, and there are a lot of reasons for that, and we will see higher prices. People shouldn't be surprised to see gold trade in the four digits." -Barrons ... "In truth, the price of gold at $600 is no big deal. In 1980 dollars, it is only $300. If prior highs mean anything, a target of $1700 in today’s dollars is what investors should be thinking about. Investors should worry less about whether this particular moment is a good or bad entry point and ponder the implications of sailing through uncharted waters without a lifeboat." -Liar's Poker
MARC FABER, Author, Tommorrow's Gold
"A vicious drop in the Dow coupled with a vicious rise in gold, possibly pushing gold to an astounding $2,000, $3,000 or even $6,000. Commodities are an asset class for the first time in history." Marketwatch.com
BILL BONNER, Author, Editor, Daily Reckoning
"When the price of gold goes over $1,000, the bull market will be in its bubble phase. The price may go far higher - depending on what else is going on in the economy and the markets. But this will be a time to be careful...when we stop adding to our positions and begin to reduce them. Gold is now cheap and almost hidden. People are buying it for the right reason: because it is cheap. We see signs, though, that gold is coming out of the closet and the financial press is beginning to notice." Dailyreckoning.com
CRAIG R. SMITH, Author, CEO Swiss America
"Gold is clearly headed toward $1,000/oz. and is still a great bargain near $700/oz! Gold recently jumped over $700, and is overdue for a price correction -- which is the sure sign of a healthy bull market -- offering yet another opportunity to buy the dips in this ongoing secular bull market." -CNBC Squawk Box
Lord WILLIAM REES-MOGG, Author, Economist
"I expect gold to reach $1,000 an ounce in the foreseeable future. The price of gold is linked to the price of oil and to the movements of the dollar... oil is probably headed towards $100 a barrel. If there is any shooting in Iran, prices will go through the roof. That, however, is one reason for thinking that there may not be any attack on Iran. The world’s oil supply cannot afford it." -Money Week
ROBERT MCEWEN, CEO U.S. Gold Corp.
"Gold prices may reach $2,000 an ounce by 2010 on demand for an alternative to currencies. You have much more money than there is gold, and as people see their currencies falling relative to gold, they're going to be saying `Maybe I should have some of this'." -Bloomberg
PHILLIP GOTTHEFF, President & Commodities Analyst, Equidex
"The gold market knows inflation is already here ... which helps explain the hysterical surge in prices in 2006... ETFs have expanded the metals market to now include institutional investors... With Goldman Saks forecasting $100+ oil I think we could see $1,000-1,500 gold easily... Why hoard? Because investors are afraid of paper. If we were to try to monetize our paper with gold the price would be in the $10,000/oz. - $20,000/oz. range." -CNBC "$1,000 gold debate" 5-9-06
JOHN PERSON, Pres., National Futures Advisory Service
"As more and more investors start allocating more resources in gold, we could see $800 and as high as $1,000 by year's end. All the elements are in place for such a move, and it would not be unrealistic to achieve in a relatively short period of time." Marketwatch.com
KEVIN KERR, Marketwatch.com commentator
"Golden Opportunity: The case for $1,000 an ounce... If your thing is to hold the actual gold in your hand then numismatics (coins) or bullion are the way to go." Marketwatch.com
JOHN EMBRY, Sprott Asset Management Chief Investment Strategist
"Gold will hit at least $800 per ounce as paper money is going to hell in a handcart. Even a $1,000/oz gold price may be conservative." MineWeb.com
PIERRE LASSONDE, Pres., Newmont Mining
"The price of bullion may exceed $1,000 (U.S.) an ounce within five to seven years as demand growth driven by Asia outstrips global supply." Globeandmail
BILL MURPHY, Founder GATA, Lemetropolecafe.com
"What we are seeing is the result of years and years of a gold price suppression scheme BLOWING UP! Gold is moving up because the crooks have lost control! GOLD is going to go to $3,000/oz as more geopolitical problems arise." GoldRush21
ROSS NORMAN, Analyst, columnist TheBullionDesk.com
"Yes, I do think we will be in the $700s perhaps late in the second quarter, or perhaps the third quarter of 2006 - the market seems incredibly robust both in terms of external factors like the correlation with the oil market that we’re still underperforming against - if the ratio held with that we’d be at about $1,000 an ounce now. I think it’s gaining strength from the ETFs and more corporate and pension money coming into the market on a regular day by day basis - all this conspires to make one believe that the market has got plenty of strength, that it’s “stronger for longer” as they say." Thebulliondesk.com
ADAM HAMILTON, CPA, Zeal Intelligence
"If our current gold rally truly unfolds into a Great Gold Rally, $1000 gold is merely the first stage. A gold bubble, which will probably ultimately happen as a way to climax the coming gold mania maybe five to seven years out, could easily launch gold above $5000 per ounce. The actual top of a new gold bubble at the final pinnacle of another Great Gold Rally could touch $6000+ per ounce!" Zeallc.com
EMANUEL BALARIE, Sr. Market Strategist, Wisdom Financial
"I think gold prices will eventually shatter even my own bullish expectations of $1,000/oz. If you have not entered the gold market, waiting for an opportune time might be too late. Keep in mind that regardless of what the media is telling you, gold is still cheap at these levels." CNBC Squawk on the Street
NICK MOORE, Global commodities analyst, ABN Amro
"$1 000 gold is by no means an outrageous forecast. It's a cocktail of positive stimuli for gold, you get the spillover of people buying into commodities, whether its copper, aluminum, soft commodities or precious metals. People are moving there." - Fin24.com
PAUL VAN EEDEN, Pres., Cranberry Capital LLC
"While my model indicates gold should be fairly valued at $900, there's no reason to believe that gold wouldn't dramatically overshoot that mark. And if 1979 to 1980 is anything to go by, it could exceed several thousand dollars per ounce." -Bloomberg
JON NADLER, Investment Products Analyst, Kitco
"Gold prices actually started their life at $35 per ounce in the early 1970s. From there, it went to $850-$875 -- a twenty-five-times-over move. Gold began its latest move up at $252, so prices at $6,250 can't be ruled out either, in terms of magnitude of the move." -Marketwatch.com
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The list is growing daily, email us your favorite expert quotes and we'll post it in this space.
As for your humble editor, I agree with the highly esteemed experts listed above that gold is on a roll that could ultimately take it to four, perhaps even five-digits as the public's confidence in the world's inflationary paper currencies unravels.
JON NADLER, Investment Products Analyst, Kitco
"Gold prices actually started their life at $35 per ounce in the early 1970s. From there, it went to $850-$875 -- a twenty-five-times-over move. Gold began its latest move up at $252, so prices at $6,250 can't be ruled out either, in terms of magnitude of the move." -Marketwatch.com
As per last pr--there should be an update on the website coming soon.
"The company stated a complete independent report will soon be available and posted on its website"
IDCN News Out..
Mining giants on the prowl for assets
Andrew Trounson
May 16, 2006
THE global mining industry is abuzz with takeover speculation as global miners, emboldened by soaring commodity metal prices, trawl for growth assets that have been left in short supply following years of under-investment in exploration.
And with new projects increasingly being hit by shortages, delays and cost blowouts, acquisitions are being hawked as a short cut to new production - especially as the global giants are awash with cash and armed with highly priced scrip.
The epicentre of takeover speculation is the friendly $US17.7 billion ($23 billion) merger of Canadian nickel giants Inco and Falconbridge.
Xstrata, led by its aggressive deal-making chief executive Mick Davis, is believed to be poised to launch a counter-bid for Falconbridge, in which it already has 20 per cent.
Meanwhile, Canadian zinc and coal giant Teck Cominco has already launched a $16 billion bid for Inco.
Xstrata's end game is widely believed to be a merger with South Africa's Anglo American to create a diversified mining giant to compete with the likes of BHP and Rio Tinto. But first it needs to put an offer on the table well north of Inco's offer given Inco and Falconbridge have agreed on a $US450 million break fee.
Rio Tinto is also speculated to be stalking Anglo. Rio is frequently tipped to be on the acquisition trail given much of its growth is weighted to iron ore. Anglo's base metal operations would be a welcome fit.
Rio has also signalled its liking for the upstream aluminium industry, which is driving talk of a merger with US-based Alcoa, or Canada's Alcan as a second-best option.
Alcoa and Alcan are tempting targets given that they have underperformed the mining sector after having been squeezed early by rising oil and gas prices before aluminium prices rallied.
But there is scepticism that Rio would be prepared to buy and on-sell Alcoa's downstream metal operations. Rio would also likely be required by competition regulators to sell precious upstream assets.
Rio's lack of nickel is touted as a reason why it could yet enter the Canadian husky fight. A combined Teck and Inco would be a tempting target for Rio since Teck would also give Rio major clout in coking coal.
"Global mining companies have cash flows in excess of their needs and they need options for the future," said UBS resources analyst Glyn Lawcock. Mining executives are becoming increasingly confident of that future. Increases in long-term price forecasts are being underpinned not by fickle demand but rising costs and supply shortages.
Citigroup is the latest to raise its long-term price forecasts. It estimates that costs have risen 30 per cent in the past two years, of which 40 per cent is permanent and will stoke prices.
For BHP, acquisitions are seen as less important given that its $9.2 billion takeover of WMC has delivered it a world-scale nickel business and a huge copper-uranium growth asset at Olympic Dam.
But the appointment of energy veteran Paul Anderson to the board, coupled with the poaching from ExxonMobil of Mike Yeager to head the petroleum division, is driving speculation that oil and gas assets are high on the agenda. So it is conceivable that BHP could revive its interest in Woodside.
InterRos is one of Russia’s largest private investment companies. The market value of assets under its management exceeds US$10 billion. Interros Group enterprises currently operate in all Russian regions and in a number of countries in Europe, Asia, and North America. Interros Group produces approximately 1.3 percent of Russia’s GDP, employing over 190,000.
InterRos manages several large companies, its main asset being the Norilsk Nickel Group, the world’s largest producer of platinum and palladium. In recent years, Norilsk Nickel has purchased mines in Australia and invested in the Stillwater Mining Company in the state of Montana, USA. The company also owns a Closed Joint-Stock company Polyus, which is the owner of the largest gold mine in Eurasia.
Norilsk Nickel Group produces nickel, copper, cobalt, palladium, platinum, and other precious metals (gold, silver), as well as selenium, tellurium, technical sulfur, hard coal, and other materials for industrial needs. The company is the world’s largest producer of nickel and palladium, and one of the largest producers of platinum. Its market share exceeds 20% of nickel, 10% of cobalt, and 3.1% of copper production worldwide.
InterRos’ other interests lie in petrol (RUSIA Petroleum), machine-building industry (Power Machines power generation equipment company), financial sector (Rosbank, Soglasie Insurance Company, Interross-Dostoinstvo pension fund), agriculture and food undustry (Agros agricultural industrial company), real estate (Open Investments), and mass media (Izvestia and Komsomolskaia Pravda news dailies, Prime-TASS news agency; Expert and Financial Director magazines; Autoradio, PM-radio, Novosti On-line radio stations, as well as several regional television and radio companies
Another article about Rusian gold. Maybe the Interros Group is one the investorsfor Aurus.
Celtic Resources says that it has agreed to sell 20% of the South Verkhoyansk Mining Company ("SVMC"), which is the holder of the license for Nezhdaninskoye, for US$80 million cash reports Mineweb. The purchaser is the Interros group, which is one of Russia’s largest private investment companies and a controlling shareholder in Polyus (and Norilsk Nickel). KM Technologies (Overseas) ltd., which is an investment vehicle for the Interros Group has made the cash offer
I've come across a few articles of some Big goldcompanies looking for new aquistions and takeover bids of other gold companies.Aurc's day will come soon --wheter it be joint ventures or a buyout--
Goldcorp continues hunt for acquisitions, says CEO
Despite spending Can$4 billion on takeovers in 2005, Goldcorp Inc. (TSX:G) is still hunting for more acquisitions, chief executive Ian Telfer told the company's annual meeting Wednesday.
"We're looking to fill that gap as our production starts to go down six or seven years from now," Telfer told shareholders at the Metro Convention Centre near the heart of the city's financial district.
"And these mines, as everyone is learning, take longer and longer to drill out and to permit and build, so we're actively looking now."
New deals don't come cheap, however, as the price of gold continues to soar. But consolidation in the industry is decreasing bidding wars.
"While the prices (of acquisitions) are going up, the competition is actually lessening," Telfer said.
On the flip side, Telfer noted that the number of potential suitors for Vancouver-based Goldcorp is now very small. "I would say the best defence against a takeover is a high stock price," he told investors when asked about the possibility of a takeover.
Goldcorp, North America's No. 3 gold producer, had US$450 million in cash, at the end of December with which to finance acquisitions. It also has a revolving credit line of US$500 million and committed debt financing of US$900 million.
The company's acquisition strategy is focused on North and South America. Projects must be low-cost, capable of producing at least 250,000 ounces per year, and have a minimum mine life of 10 years, Telfer said.
Goldcorp's US$1.5 billion acquisition of Placer Dome assets from Barrick Gold Corp. (TSX:ABX), which acquired its Vancouver rival Placer earlier this year, is scheduled to close in May. The deal includes interests in three Ontario mines, one mine in Chile, and a development project in the Dominican Republic.
Last year, Goldcorp also paid $2 billion to acquire Wheaton River Minerals.
Goldcorp has reduced its 2006 production guidance, from 1.85 million ounces to 1.7 million ounces, because the closing date of the Placer acquisitions has been pushed back from April 1 to May 15.
Telfer, sporting a gold tie, said the soaring price of gold has "been the wind at our back through this whole period of time."
"We knew it was going to go up. We didn't know how fast or how high, but we were in a rush to put together a major gold mining company before it happened."
"We're very pleased we got to this stage before this gold price went completely crazy, which we think it will," he added.
Since the company's acquisition of Placer Dome mines was announced, the price of gold has risen by about US$140 per ounce, Telfer said.
And he expects the best is yet to come, saying after the meeting that he foresees gold spiking at US$800 per ounce.
"It may be this year, it may be next," he said. On Wednesday, gold was traded at $632.60 per ounce on the New York Mercantile Exchange.
"We had low commodity prices for almost 20 years. I think we're going to have high commodity prices for almost 20 years," Telfer said.
He noted that gold producers are not doing anything "rash," meaning supply is still lagging demand.
"Nobody's rushing to put a mine in that requires $500 gold," he said.
Most of Goldcorp's mines could be "very profitable" at US$400 per ounce of gold, Telfer said, "so from that point on, it's a bonus for us."
As the company has grown, Telfer said there has been a shift in its shareholder base.
"We saw a shift into the (United) States, and from retail to institutional," he said, adding that 60 per cent of Goldcorp's stockholders are now American.
As Goldcorp looks for new acquisitions, Quebec will be one of its hunting grounds, Telfer said, describing the province as one of the world's best jurisdictions to develop a mine.
"The government goes out of their way to help you," he said.
Goldcorp acquired the Eleanore project in Quebec last month for US$425 million. The company has now sent samples to the lab, and has found a "wider and higher grade than anything we saw when we acquired the project," Telfer said.
Telfer also said the company will issue an update on its Los Filos development project in southern Mexico Thursday.
A feasibility study has been completed, and construction will be complete at the end of this year, he said.
Commercial production will begin in the second quarter of 2007, with gold production that year of 200,000 ounces.
On Wednesday, Goldcorp shares closed at a record high of $37.05 on the Toronto Stock Exchange, after gaining $1.25 or 3.5 percent.
"You have no idea how hard that is to arrange," Telfer quipped of the new record on the company's annual general meeting date.
Content provided to you by CP © 2006 The Canadian Press
Close of .30. Overall not a bad day. Consolididating before next leg up which can happen at any time now---imo
Asked him about that recently. I was told that they are working on two other companies that will be on the exchange(pinks I presume) in about a month.One is a distillary in Bulgaria that is entering the European community next year and another oil company. So, obviously NDOL and AURC are just paving the way for future endevours and sucess stories and it is very important to Parkin and company that these work out well. So far it seems they are on the right track. I figure in a month AURC should be trading in the dollars and maybe I'll take a little off the table to invest in their other projects. But for now AURC I beleive will be their main project as the NDOL merger is almost complete.
Great news today. Be nice to break .40's today and move up all week towards the dollar mark.
Both Aurc and Ndol are coming back up now. Cheap shares won't be around for too much longer...Imo
Just been looking around some boards --looking for any more info I can find on our "golden stock"--haven't found anything new yet(this board is ahead of the curve) but did find this post by Treepeople at another message board. Treepeople is one of the founders here of AURC on I-hub.He made this post about 2 weeks ago --looks like he is still big on AURC not that I thought otherwise but it was nice to see him still around.
Here is his post:
I challenge anyone to find me a junior resource company with a more attractive ratio of reserve value to market-capitalization…
AURC ~ AURUS Corp.
Friday’s close $0.31 (April 28, 2006)
Market-cap = $35.2 million (113.4 million shares outstanding – 22.4 million float)
Resources –
Gold - 7.1 million ounces = $4.26 Billion reserve value (@$600/ounce spot)
Silver - 34.9 million ounces = $419 Million reserve value (@$12/ounce spot)
$4.68 Billion audited reserve value
** Not included: 65,468 tons of tin, 336,965 tons of zinc, 79,203 tons of lead and 17,730 tons of copper.
Last fall, an existing producing Russian gold company, Zabaikalgeoprom, executed a reverse takeover of a shell company called Blackrock Golf that had just executed a reverse-split (that’s why the longer term chart looks so weird). The company was renamed Aurus Corp. Zabaikalgeoprom has controlling interest of the company with the restricted stock they received for their properties and mining rights.
RSM Top Audit http://top-audit.ru.mastertest.ru or http://www.rsmi.com/Website/web.nsf/pages/home
The evaluation of the resource properties is being done by RSM Top Audit. This is one of the top six global audit firms. This firm based in Russia, boasts an 'A' list clientele many Government publicly traded joint-stock companies, exceptional credibility and Sate/Government 'Classified' authorization.
Of particular interest, an SEC filing, including asset values are expected for early May. An OTCBB listing and dual Frankfurt listing should follow shortly thereafter. Website will be launched early May as well: http://www.auruscorp.com
Of further interest, a sister company (same management, same resource auditor) Nord Oil [NDOL] currently has 5X the market-cap (with a smaller resource base) and is in the middle of an unsolicited take-over offer. It starts to become very obvious what is ahead for Aurus.
Of even further interest, Aurus has been on the Nasdaq SHO list, as being shorted, for over 65 days now: http://www.nasdaqtrader.com/aspx/regsho.aspx . Oooops, someone’s in trouble?!?!?
DD and discussion board - http://www.investorshub.com/boards/board.asp?board_id=4903
Reserves comparison post - http://www.investorshub.com/boards/read_msg.asp?message_id=10879874
Great discussions going on the board today. Looks like the name calling Raging bull type posts have paused for now. Great to hear from the big guns as well (Benx,West,2Create, Invest, Airdale,etc. I'm getting more and more excited just reading all your posts and have been quitely adding to my posistion on any dips each day. Its great to be involved with such an undervalued stock with so many experienced and knowledgable traders/investors. It makes me feel so much more secure holding and adding so many shares of this company knowing the great company that I share here.Soon these prices will be long gone and everyone will be congradulating each other on staying the course and reaping great rewards.
Cheers 2Create--you are doing a great job for this board and as I can see for myself monitoring this board is no easy task. Keep up the great work and DD.. Go AURC
What happened to this board. Its more like raging Bull now. Less and less quality posts and more and more name calling.Lets try to act like adults here. We are all(or most of us anyways)in this stock together and we should all be highy rewarded soon. Heres hoping for a nice close today.
ZNNC--reverse merger alert--Looking for expotential gains on this stock --At .03 now--check it out..
Why does this stock seem to mirror NDOL stock lately. When NDOL goes up AURC goes up and when NDOL goes down AURC does too. AURC is so much more undervaled than NDOL at this current time that its stock price should not be so reflective of NDOL. If they both trading in the dollar range it would be more understandable to me.
I beleive that NDOL 40% interest in the new company which is NDOL plus assets of the 2 divisions of Nortwest will make the new NDOL shares valued at $2.20.
A nice end of day rally would be nice. It's too bad many people are waiting to see how NDOL(which I am also holding) ends up before buying shares of AURC. Although the two companys have common ties the destiny of AURC is not dependent on NDOL. Sure it will most likely follow the same path but at this time it is much more undervalued and at the same time worth more NDOL and no matter what happens with NDOL-- Aurc is very undervalued at these prices. People should realize how low these prices are for AURC and take advantage of this "golden" opportunity. It is true that I started buying AURC at .03 but I have been aquiring more shares the whole way up including 20k more today at .36 because I truely believe this stock will be over a dollar in the very near term and several dollar soon after. All IMHO.
NEWS out---More Gold!!!!
Well the fact that there are 180 million insider restricted shares means the higher the pps the better for them and us shareholders as well.
Bottomline :NDOL shares are worth at least $2.17. Either they take the buyout at $2.17 or they decide to merge if they feel it would make the shares worth more than the $2.17 buyout price. No brainer here---imo
OT--NDOL merger news just out---Even bettert han a buyout--imo
Merger news out!!!!Even better than a buyout imo
Now .40 x.39 2x2--get ready for an incredible week here....imo
Gapping up this morning to 1mm at ask .39 x 2 mm bid at.385 as of 9:00
Great close at******.37.
Sure glad I added at .21 yesterday.
Sorry for those that sold, but told ya youw ould be kicking yourselves.The good thing is that this is still way undervalued at these prices.
A close of .35 would be nice. I predict a nice gap on Monday and nice gains all week.