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I expect to see more than just some lines that refute the reporter story. I hope to see names or/and report number that we could validate the authenticity.
Just wait until thuesday.
Sun
cfpjbs, look your Email. I already sent the infomation from TSNIGRI at your Email you provide to me earlier.
Dos & cfpjbs, have you recieved my Email?
Look at your email on yahoo.com.
The other one at sbcglobal.net seems not working.
If you do not recieve it in 15 minutes, give me another Email adress or ask cfpjbs. I sent him the info also.
Sun
Have you recieve the Email now?
cfpjbs, look your Email.
I sent it twice. I do not know why you do not recieve it.
I resend now. Sent me another email adress if you do not have my Email in 5 minutes.
Sun
The answers came in russian language and the answers are not clear. I am presently trying to get some opinions from DOS and Eik before I post the information I recieve on this board.
Check later.
Sun
The Email is working since I recieve some answers from them.
I sent it again.
I sent you the stuff.
I will not sent the stuff to anyone for the moment. I do not want pleople speculate on the sence of that stuff. I want to found good explanation to give with the stuff before sharing with the board.
Sorry, be patient. I will gives the stuff somewhere today.
Thank you.
DOS, can you send me your Email at this adress: sunwz@hotmail.com
I recieve some stuff from TNSIGRI this week and I need your comments on this stuff since the information is not easy to understand.
Make a reply to this post when it is done.
Thank you.
Sun
Eik I sent you an Email.
Thank you for that info.EOM
Are you guys think that the buyout will be never closed?
I am looking to buy more.
Thx
Why the pps is droping?
Is the market think that the buyout will never closed?
Thx
It is a possibility that the pps does not increase before the confirmation of the approbation/close deal but the pump and the big numbers mentionned in Pr are enought to attract many persons before any confirmation (speculation attraction) and to see an increase of the pps.
ABVG is currently pumping his value.
They want to get 300 millions asset value by given 250 millions shares. The CEO think that with the new asset value, the pps of the company should be at least:
300 millions assets / 500 millions O/S = 0.60$ per shares
Therefore, the current market price of ABVG is undervalued.
It just a simple calculation to show that the ABVG CEO claims that the ABVG current pps is undervalue if they get the asset. He hope that the pps will increase during next few weeks. If the pps increase, he will be able to get more asset since the pps is higher etc etc
But it is not that simple as he think. It is why he is pumping.
IMO
It worth nothing but during a merger, usually they use +/- the market value:
250 millions ABVG O/S * current pps of 0.02$ = 5 000 000$
ALL AGREE WITH YOU.
I do not want ABVG shares. I prefer not buyout/merger at all than ABVG shares.
We are looking to get 2$+ per AURC shares, not few pennies. The only way to get that is by attracting major gold players or by uplisting on a higher exchange.
The regular way to proceed is by exchanging shares between both companies. But yes, ABVG can give shares to a third parties for cash and gives this cash to sharesholders in lieu of shares.
It is another possibility.
If the part merger is accepted, they will get 10% of asset value (300 millions). Not any more a shell compagny (after the part merger approval). That is why it is so good for ABVG to get assets value at discount price.
ABVG will buy 39 millions of AURC shares. Those shares will be taken in our accounts (about 10% per shareholders) if the Aurus BOD accept the deal. It is not new shares issued, they need to take 10% on the market and the market is us. In exchange of your 10% AURC shares, they will give you ABVG shares.
This is the regular way to proceed with pink sheet companies. DOS gives an alternate way (see his few last posts) but I doubt it will be choosen.
Sun
Yes, lets wait for the 43-101 document from ABVG. I bet that the name of the site will be hidden/removed :):).
4. I think it is a working interest: they can add 12% of total asset value in their financials and will recieve 12% of the profit made per year. I am not prefectly sure. It will be easier for them to get loans since the asset can be given as guaranteed. Like AURC does with their bonds. IMO
I just do not want a merger with another pink sheet. Merger or buyout between pink sheet companies are always bad for shareholders.
Lets wait next week for more accurate DD.
Have a good day.
Sun
Look at this:
http://investorshub.advfn.com/boards/read_msg.asp?message_id=26139470
With our 4 billions asset, we are sitting at 0.03 pps (AURC) and the guy think that ABVG deal will increase ABVG pps to 5$+.
What a joke.
Sun
Yes, it would be a good situation since this has a direct impact on our pps but I doubt it will happen this way.....
If ABVG is looking for AURC. It is not your best interest that ABVG pps increase.
The ABVG CEO clearly mension that he hopes an increase of the pps before the merger to buy more than 10% of asset.
It would be ideal to completely merge the Russian Mine into ABV Gold, but the value of the reserves are very high for ABV Gold considering our low market cap of $2,500,000 USD ($0.01 per share). Naturally, if we are able to justify a higher market cap before the merger, we would be able to increase our working interest and therefore create substantial value to our shareholders.
The CEO want 100% of the asset but he cannot since the ABVG market cap is too low. The CEO pump his shares price using the asset value that he does not have. If the pps increase, he will request more % of asset.
At 0.02 ABVG pps, he gets 10%. Actual situation.
At 0.10 ABVG pps, he gets 50%.
At 0.20 ABVG pps, he gets 100%.
If you sell 10% of AURC asset for 5 000 000$ (250 millions ABVG shares * pps of 0.02). It means that you sell 10% of your AURC share for 0.14$/shares (5 000 000$ / (350 AURC * 0.10)).
ABVG adds zero credibility to AURC. ABVG is a pink sheet shell company with a market cap of few millions. It is not barrick or Kinross....
Now, you see what the CEO his doing, he pump is pps to get more asset with his 250 millions ABVG shares.
It is the way I understand the situation with ABVG.
I have no problem to sell a part or all your asset to a reputable company and at a much high price than 0.16$/shares. Dealing with reputable company will add substantial credibility.
It is my opinion: ABVG deal is not good for Aurus.
We will see what is happening next few weeks.
Sun
Thank Dos for your comment. But I am disagree with you about selling 10% of our asset to ABVG.
ABVG have no cash and their market cap is too low to get enough barrowed money. They will give shares in exchange of the asset. From the article EIK posted earlier. ABVG intents to give 250 millions shares for 10% of asset.
250 millions * 0.02$ = 5 000 000$
ABVG want to buy an asset of 300 millions value for 5 000 000$.
How this deal can be great for aurus?
More it is probably 5 000 000$ of pink sheet shares. Pink sheet shares have no value. AURC is a good exemple of what the market think about pink sheet company...
To me, the ABVG deal is a bad idea for aurus. I preferer to keep the asset and make an apply to get trading on a higher exchange. At this time, real investors will buy aurus shares and the pps will climb accordingly.
Aurus issued bonds for 10 millions and they have a gold production of 300Kg (minimum) per month. They do not need ABVG money. IMO
Eventually, if the asset of aurus is proven, real buyers and real investors will come. Market need time to see the potentiel of aurus. First step, prove the asset and the production + audit.
This is my opinion.
Have good week end
ABVG and AURC are both gold mines and both are traded on pink sheet.
Since the market cap. of AURC is far of his asset value, I cannot imagine ABVG traded at a better market cap. than AURC with less asset/revenue.
Good luck with ABVG.
Thx for your answers.
Yes we should stop speculating since the information we have is not enough accurate.
From ABVG CEO, we will get the tsnigri report next week. Maybe we will get more accurate information and be able to perform better DD.
Sorry, I was the initiator of all this speculations this night.
Good week end all.
Sun
Look at AURC. They have 8 billions in asset and the stock price is at 0.03$.
Why ABVG will worth .10$+ per shares with this asset of 300 million?
ABVG is a pink sheet company, do not compare with big board company.Thx
I just want to learn.
Thank you
Why you guys are so happy with this partial (10-12%) buyout?
I doubt that ABVG can get 400 million of asset values with only 250 millions of ABVG shares (5 000 000$ value).
Thank for your comments.
No problem. I want a real buyout or not at all.
I am just speculating about ABVG-AURC since ABVG uses the AURC report numbers in their press release.
Well, I hope that we will get some information next week to clear all this speculation.
ABVG is a shell. Not AURC.
What is your point with the bonds PR?
Good observation.
I am probably wrong with my conclusion but can you tell me why the AURC report numbers are into the ABVG press release?
Thx
Good point.
Personally, I do not want that ABVG buy a part of AURC since it is a shell and have no money. But some information show that AURC can be the target. I hope not.
I can be wrong but at this point, I am concinced of that. The report numbers provided in the PR of ABVG match with the AURC report numbers and now the ABVG CEO specify that reports come from the owner of the deposits.