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It's molten right now, I already have a small position here (10k) but I plan on buying in more when it's just piping hot once NDOL goes through. I haven't bothered checking my Scottrade recently since it's no longer a confidence game for me with NDOL and AURC. After corresponding with Parkin and seeing the promises delivered again and again, why would it be?
It's about waiting for the rest of the market to realize this, or even sooner, as is the case with NDOL.
You're right, and I'm one of them.
somebody explain to me why we all shouldn't be bashing this stock. it doesn't matter how high the PPS goes right now, only that we have so much gold. I'd personally like the opportunity to buy more of this much cheaper.
Anyway, think about how shocking it would be to get a $18 buyout at some point down the line. I'm not talking about how good it would be, but just how thoroughly shocking it would be.
And by shocking I don't mean unbelievable, just shocking.
Rosso, I can't say I know him personally but from the times I spoke with him I could tell that he wasn't concerned at all about proving anything.
When you realize exactly how these deals in Russia are coming about, you become absolutely amazed by the potential of AURC, NDOL, any future ventures. For those of us who really understand how these property acquisitions are happening, you can see how great a situation we have here.
I don't really understand why we would need a financials correction anyway, the way I see it even if the PPS goes to $0.01, we still have a gold mine in assets.
Even if we did owe $4 billion, which we don't by any means, even the appreciation of gold since that Audit would put us at a $750 million company with ~100 million shares.
All I have to say is... wow. I am officially retiring from the RB boards. Those people are talking about tomorrow's high for NDOL. Why would they care? I'm definitely not taking advice from any of them any more.
I have to say for the first time in my investing career, that I hope a stock that I am invested in goes down (AURC). It would set me up for a luxurious rest of my life if I could still buy AURC even near these levels after the NDOL buyout appears in my account.
Of course, we here on IHUB do more DD than RB posters, and we see the insignificance in even posting on either of these boards with the outlook as it is.
-Chris
AHAHAreoiasfhLKDfp98auwselkfasdcv,.masd,f
!!!!!
The funny thing is, I'm not selling AURC to buy NDOL because AURC will be a lot higher than 90% more two days from noW!!!
Not to mENTION I have TONS OF NDOL!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
sorry.
okay there is something seriously messed up with this... a buy for 50k and nothing happens, a sell for 4500 and the bid drops.
wow... a 150k buy order.
sorry mx, i'm of the lazy breed who doesn't look into profile backgrounds. we get a lot of BSers around here and as you know, a lot of the stuff they say is untrue.
Since Mr. Parkin delivered for NDOL after somebody asked him when the buyout/otc bb listing news would be updated, I firmly believe that what he says is true.
I'm also sure they aren't rushing the correction since if they write something else ambiguous they'll see bottom feeders trying to leverage it even more.
AURC OR BUST
Even if they paid the full price for the value of the gold in the ground, they wouldn't have paid $4 billion for it. My guess (I think this has substance to it) is that since Aurus is working with the Russian Gov't to bring these mines to fruition, they don't permanently own them. They likely have to give up the rights to some of them after 10-15 years and since they are worth $4 billion now, they have to return an asset valued at $4 billion. The salvage is not discounted until the mining is done.
I also think that any cash they paid for these mines is going to be accounted for over time. In the same way you break up big capital gains over a period of time, you would break up any big purchase over a period of time. This is an EXTREMELY common and well accept accounting method. Therefore it is my guess that if these purchases were discounted over, say, 10 years, then it looks like $80-$150 million was paid for them.
Those who sold the propert are STILL benefitting from further production--this is KEY. They are NOT done being rewarded and the $4 billion is not what they paid for the mines, it is what they owe back based on today's valuation.
I'm not an accounting expert, but I am well read and this is my conclusion. Hopefully whoever said Parkin will clear this up soon wasn't BSing.
-Chris
I agree 100%. The biggest thing that holds any pink back that has a LOT going for it, is it's credibility.
One slip like putting "unaudited" instead of "audited" after that's what was promised can do magnitudes of damage to the company.
Maybe for a company trading on a bigger board it wouldn't have been such a big deal, but it is crucial now that they make the clarification.
9+ buy orders and the bid doesn't flinch a half-cent. That just makes me mad.
I don't know why I'm so worried though. If the entire Western Hemisphere collapsed into the ocean, this stock quadrupled in price, and a nuclear bomb went off in Moscow, I would still have confidence that this thing is undervalued.
absolutely not. just like with NDOL when it dropped to 0.56 after hitting 0.68, now is the worst time possible to sell.
Although I bought in at 0.38, I know that if once NDOL settles whatever it's doing I'll have enough money either to make my average 'in' much lower, or I'll be content with AURC anyway.
With Nord Oil now saying that it's buyout bid carried a "significant premium" everybody who can make the connection should realize these guys have something very solid going with the Russian government.
it's because of market emotion. some people who got in the other week in the high $0.30's started selling when it rose to those levels again. Everybody else saw the selling, concluded that something was terribly wrong with the company that was exposed when the website was put up, and even though they didn't know what-- they sold too.
Which is why once the MMs stop screwing us we'll be very very happy.
I'm the last person who would come up with conspiracy theories, but when you see 14 solid buys in a row with no upward bid, and then see 1 (yes, ONE) sell and the bid goes down, you have to start wondering.
I'm surprised none of you mentioned the NDOL news. It looks like we have our credibility we were looking for... so do we buy more NDOL or AURC right now? Internal conflict.
One thing is certain though...
BUY BUY BUY BUY BUY BUY BUY BUY BUY!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
did somebody say that we have paparazzi photos of GP now?!?! HAhahAHha I hope he doesn't find out and get creeped beyond belief.
I'd rather not make Parkin decide between giving us 'exclusive' information or ignoring us.
It'd be nice though, to have it mentioned in a near-term PR and to have a "projected earnings" chart like Nord has.
And to whoever asked this-- off the top of my head I think that Aurus does have production equipment in place for some of their mines.
My understanding is (and I'm sure somebody can clarify this here) is that these mines were lying dormant due to lack of funding from the Russian government. Apparently there was a capitalist revamping program (the name is mentioned on the site) that provided incentives for foreign investment into these general regions of Russia.
Nord Oil and Aurus happened to be keen enough to take advantage of the opportunity. Both we the shareholders and the mine owners who merged with Aurus are putting faith in Aurus' ability to get their gold out of the ground...
Which, I'm guessing, is why we have such a great deal going-- the Russians weren't going to turn their gold into cash without the financing and exposure of Aurus/shareholders and Aurus wasn't going to help them out unless they got a good deal. In summary, thin profit margins on these properties aren't required as they might be in a country like the U.S. where capital investment abounds.
AURC or BUST
i know who Parkin is, I've talked to him on the phone personally.
i think that's a good idea. go to www.metalstorm.com
the CEO of that company has a "CEO Corner" where the CEO himself gives non-technical updates monthly. Maybe they should get one of those to quell their weary traders.
i like to think i'd be in something like this for the long term but i am short-sighted. I've been watching this board for a few weeks now and thought with news like we got yesterday we would be shooting way up.
i have a bad tendancy to sell to early, even when i think i'm sitting on gold. i have a controlling personality and sometimes can't see my girlfriend's point of view.
ehhh....
in other words, barring any lack in self-control, i'd like to stick with this until gold floweth forth from my computer screen and silver toilet paper embroidered with gold inlays is the wiping standard.
i'm glad bob's post was deleted. i don't know why he would come out on an online message board anyway.
i pooed earlier when i thought we were going below $0.25.
no more RB for me.
i still hope they clarify the financials though.
AURC or bust.
We seriously need to start a massive email/phone call campaign to Mr. Parkin.
I think it was very, very irresponsible not to clarify the "unaudited" title and not to put footnotes as to what was what in the financials.
I honestly don't think that we got anything but FANTASTIC news yesterday, but because of lack of clarity management has somewhat screwed those who bought in yesterday.
If we bug him enough hopefully we'll get clarification and our $1 pps.
-Chris
My estimate for the cash they paid for the mining rights is ballpark, at best. I just know that when you have a big expense like that you would normally account for it in parts over the life of the asset.
You wouldn't pay a nickel for a billion in profits, but you also wouldn't pay a billion for a billion either.
Considering that Aurus intends to devote at least 10 years to these mines, a reasonable price paid for the mining rights might be 50 cents for every dollar potential.
Don't forget too that even if they planned on breaking even (which is a misinterpretation anyway), they would still have hundreds of millions more now that precious metal prices went up.
i'm going to go meet a friend for lunch, please refer anybody worrying to my posts. I'm not a bit concerned about this stock's value, just concerned about the people who can't understand financials.
AURC or bust.
Disclosure: 10,000k long and strong.
In any case, you don't pay $4 billion for $4 billion in assets. You might pay $4 billion for $4 billion in potential profits, but not for assets. They can hope to make $1 billion or so (rough, rough, estimate) from their $4 billion in assets. Nobody is stupid enough to buy $1 billion profit potential for $4 billion. Aurus wouldn't even be able to get that kind of credit in the first place.
It would make a hell of a lot more sense if they paid $100-$200 million for the mining rights, which they did.
Think about this rationally before you throw ideas like that around.
they didn't give it to them for "nothing". There was a stock deal.
There is also a few million (can't remember exactly how much) that Aurus owes. A common accounting practice is to space out payments for an asset over a given number of years.
This means that if they are spacing the cost to mine the properties over the 10-year life, then the amount of cash they are going to end up paying to the Russian government will be 10 X whatever their short/current long term debt is. So they more than likely are owing about $150 million for the property mining rights.
They report it this way for a number of reasons.
They don't show the entire cost of the asset in one year, the same way you don't report the salvage of a valuable piece of property in one quarter as rise in net income.
If you do that then a lot of people buy in, the next quarter they don't sell any assets, and the net income is down 45% or whatever it was up the previous quarter because of it.
I think it was worldcom that didn't follow this practice and got into a bunch of trouble.
If you're worrying then don't.
People are panick selling because:
A: They think the company owes $4 billion
--The owe the land, worth $4 billion, back to the government after 10 years. They are not going to valuate this "salvage" value based on future depletiong, but rather on current worth.
B: They see "unaudited" where they expected it to be audit
--Parkin himself told us that it only said unaudited because it was a summary of the audited results.
Pluse gold has gone up ~20% since these figures were released. Isn't the $800 million alone (which it isn't alone) enough to shoot the pps up to $1+ by itself?
The unaudited version is a summary of the audited results from all of their mines/operations. Parkin told us this himself.
It doesn't seem to me that this would be a good stock to short. Maybe if you're thoroughly moronic though, the outlook would be appealing.
My biggest concern with AURC right now is, how are they going to get the gold into high-rate production?
Which also leads to my biggest anticipation... the joint venture that has been more than hinted at that will make it seem as if somebody put rocket boosters under the pps.
BTW- it is always very nice to see that there are no "good-will" allotments on the financial statements. It means that they aren't collecting our money just to entertain people at $100 a meal restaurants.
I hate to transfer slogans, but since I love both of this and NDOL so much,,,,
AURC OR BUST
there needs to be a massive compaign to educate AURC investors/potential investors tonight. We need to make sure they understand that AURC does NOT have $4 billion debt. If you have to return land and it's worth $4 billion, you owe $4 billion. They aren't going to appraise the value of the land they owe for when they owe it, they appraise it based on the value now.
In other words, don't worry at all. The most you have to worry about is people not understanding AURC's deals.
If you still can't be convincing, or be convinced think about this...
If these assets were assessed at $550 an ounce for gold (or was it even lower at the time?) that means that our assets are now $800,000,000 greater now than they were when they were audited.
It pisses me off when ignorance and day traders mess up a legit run way way up for a company.
Hopefully we'll get a PR with clarification, but I somehow doubt they'll make the effort unless they are bombarded with emails from us.
-Chris
stop worrying about the long term debt being so high.
If you have a 10 year lease on a $4 billion property, and you have to give it back in 10 years, how much long term debt do you have?
The simple answer is, $4 billion. As the company mines the gold, it will owe less and less.
Seriously... it takes finance 101 to figure that out.
I think the long term debt reflects the fact that the license is only for 10 years. They have to give the land back in 10 years, and at its current valuation, that's the amount of debt they have.
In other words, don't worry about it.
These numbers are gold!!!
Loving the site too.
site is up!
When they announced NDOL's website would be up shortly with investor info, it was only a short while before it was. All financial info was good news too.
Also, if it is anything like NDOL, when it has a 30% day, it hikes up to a 60% day within the last 15 minutes of trading.
Newly in with a small position of 10k shares.
my order for 10k at 0.365 went unfilled for 5 min then i upped it to 0.38
i had no position before the bell, now...
BUY BUY BUY BUY BUY BUY BUY BUY BUY
Where is the link on the website? I don't see it anywhere?!
Also you might want to take note that the website says that it was last updated on May 1st.
You obviously can't see what was updated since the rest of the site isn't uploaded yet, but it could mean that something's brewing for tomorrow.
I hope you're all keeping a very close eye on what happens with NDOL in the morning. If they release a PR that proves its legitimacy and ability to turn huge profits, then those who know AURC management link are going to go into an AURC buying frenzy.
So the price might shoot up to $0.50 in a day or more. Then other people start making the connections and after that it's name gets spread even faster and faster.
I have been saving half of the money in my Scottrade account for tomorrow. If NDOL news is good (or we see good AURC news), I'm using all of that money to buy AURC, even if $0.40 is the cheapest I can find it at. Right now though, I don't have any position with AURC.
Point--- If AURC goes up tomorrow don't count on it coming down ever.
by the way... is this 2create the same one from the RB NDOL board who had accumulated something like 1 million shares of NDOL in the $0.02 range?