Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
BTW, I did send e-mail requests to few addresses yesterday (including that tobacco site), and already tried to call German phone # and NWOG Moscow # today. The last one returns message in Russian: “Nobody can answer your call right now” – which is normal for this holiday time but the only sign of life I managed to detect.
It’s free market – everybody has the right to worry and assume that any company is a scam. :) It’s also my choice to believe that NWOG is not. But… to be completely honest… I have bad feelings about Parkin and Monimpex: both sites where they used to pump their clients businesses:
AURC: http://www.auruscorp.com/
NDOL: http://www.nordoil.com/
are “under construction” for many weeks. That makes me suspect that something is going on in Monimpex offices. And recent management changes (both in AURC and NWOG) could be a sign that they don't want to be assosiated with their Canadian "friends" anymore. While NWOG still has operating Russian site (although, outdated), I suspect AURC investors may find many changes when/if website is available again. OTOH, Monimpex site http://www.monimpex.com/about_us_en.html is up and running, so maybe I am just getting paranoid like most of AURC/NWOG investors.
FWIW.
<<I hope this German emails and phone numbers mean more than just temporary patch during Russian holidays.>>
Does this sound like "being excited about German ties"? :) I am excited about SERG ability to mobilize German market and hope that NWOG may want to do the same (as they have something common - Samara, Safarov, etc.)
OTOH, this may be the first time when NWOG is 100% accurate and follows it’s earlier promises:
“According to the agreement, MCS Global Strategies on January 2, 2007 will open an international telephone line and provide an email address in order to answer incoming questions thereby enhancing information to shareholders.”
(from December, 19 PR: http://biz.yahoo.com/iw/061219/0196543.html )
And today is January, 2… wow! :)
This “German influence” is the question I have been asking for some time now. And I am not talking about trading in Frankfurt, which is usually just a tool for short manipulations, but about real interest from German investors. Look at Star Energy, for example (SERG.OB). The company with oil assets located close to ours (Samara), NWOG’s Armenak Safarov as a consultant, similar business, etc. Somehow they managed to generate big interest in Germany – analysts coverage, articles, discussions,… Last time I checked the company didn’t generate any profits yet – just good reserves and promises. But look at their chart - excellent performance, supported mostly by German investors, the company is practically unknown in US. Of course, one big difference – it’s a reporting company on OTC BB, but still… as far as I concerned, NWOG is much better investment.
I hope this German emails and phone numbers mean more than just temporary patch during Russian holidays… OTOH, it’s nice to see that even during the holiday season NWOG management has put aside their glasses, filled with gold Irish vodka :) – to keep our spirit up. They do care about share price and probably will start pushing it up after Russian Orthodox Christmas (January, 7).
IMO.
<< It is pretty pathetic, and hurts credibility if anything.>>
Except "pathetic" part :) that's a direct quote from e-mail I sent to a few related places yesterday – triggered by the fact that e-mail address “for registration” from their home page does not work. I don’t expect any response, though. It’s a holiday season in Russia… all businesses probably are dead until January, 9.
I have found two other addresses at the same website. Both returned with the same message. Looks like mail-server is down ("user does not exist, but will deliver to postmaster"). Could be just "holidays shutdown". Even some solid Russian news sources return message: "We are on vacation till January, 9". Europe doesn't work 24/7 like we do. :)
my email to info@mcspromedia.com is returned: "user does not exist" message. Is this the address you used? Thanks.
Thank you, guys. Let’s make those wishes of prosperity true by picking right stocks for our portfolios.
1. I don’t have any special knowledge about Sechin or current Defense Minister. Although, I try to keep my understanding of Russian situation current (by reading number of Russian news sources, watching Russian TV when I have a chance, etc.) For example, “poisoning” case looks very different from two sides of the Ocean: while Western press is focused on Putin’s involvement, in Russia you can read about other scenarios: Chechen, Berezovsky, Yukos. All of them sound possible when you look at motives and history. My working version: Putin is not an angel, but Litvinenko is too small fish and Putin is too smart to do this. But I am sure we will find out soon – Great Britain was a bad place to commit something like this, might be the only country that is able to resolve this case.
2. Thank you for compliments on this board. It was not (and is not) my intention to make it “popular” or move it to iHub “Hot!” lists. I track my model portfolios here, putting at risk of public humiliation the “buy&hold” idea for penny stocks and my ability to pick the right ones. :) The reasons it caused some interest recently:
- some posts are too detailed and “over-analyzing”. They didn’t look suitable for stock-specific boards, so were posted here. It appears there are enough people on iHub who don’t mind to “over-analyze” even if this doesn’t lead directly to investment gains.
- stocks we are discussing are kind of popular and posters can’t freely discuss them on stock specific boards. Many generally good and tolerant people on those boards are so heavily invested in one stock that feel that they are “at war”. “If you are not with us – you are against us!” That’s one of the reasons to stay diversified: over concentration is a brain damaging strategy (IMO). I an not an exception - feel that my NWOG position has reached the level when I am about to start shooting anybody who dares to question the greatness of this stock. :)
3. As to “amateurish posts”… All our posts are just that – “amateurish”. In Pinkyland the only professionals are insiders, who read our posts and laugh at our naiveness. I bet Mr. Parkin is watching NWOG/AURC boards instead of comedy channel.
Thank you, everybody who makes this board worth reading for more than one person (me). :)
Gene.
SIBN. Not my favorite, actually. I would choose SPRL… but it’s already taken by Brent. I believe NWOG will be a winner too, but, first, it’s already taken by rover, and, second, (IMO) it’s the best 6-month pick, which could fade a little by the end of 2007… Many penny stocks look like multi baggers, but I want to pick something from my holdings… and it would be SIBN - stock with minimum excitement, and no attention from penny community. Depending on drilling results, which will be known soon, it’s a 5-bagger or 50% loser.
I see you’ve chosen AURC as your 2007 pick… and still able to maintain reasonable conversation about the company… hmm… it’s classy – something other posters need to learn about. Good luck with your pick! I may join you later.
Yes, iHub's editor doesn't understand Russian letters (interpreted like graphic images). That’s why I post those ugly BabelFish translations. As to N.O.T. licenses... I did know that they were warned before. I did know that N.O.T., “Ruda”, ZabaikalGeoprom were almost bankrupt in 2002 (for example, that was the reason why Ruda lost Caralveem – it’s best asset). I knew (and posted) about Mitvol’s list. But I have never seen this April’s decision – just found it. Honestly, I didn’t do much DD on AURC last months because my position was very small with average ~ 0.05 (counting some previous profits). This new wave of interest started when I was thinking about increasing of position – to bring my DD up to date. And, you are right, this document was available in April (I checked the site – they post with 1-2 weeks delay). BTW, correction: from 9 licenses I mentioned before only 6 belong to N.O.T. and 3 – to other companies.
This sounds like logical explanation that makes sense. Not sure how this could be done legally… Although, if Krong was a branch of Chukotka’s “Puma” (as we suspect) that could be a part of local (Chukotka) exchange of assets.
BTW, nice to see you here, party.
And to close this AURC topic - I do like the chart:
Oversold and in accumulation mode – that’s my take. Price targets: 0.16 and 0.2. Both look like strong "unbeatable" resistance levels right now.
<<My opinions and observations change by the hour...>>
This is a definition of "flipper" :) which is a bad word here on iHub (don't know why). I also reserve my "final" opinion until we get some explanations and financial/production numbers. And I feel guilty even discussing this topic because some good people (Brent, Joe, and others) are invested in this company. I am pretty comfortable with 2C accusations (“basher”, “flipper”, “short sighted DD”) but I don’t want to be called a basher by wrongjoe. That’s why I am trying to stick just to citing the sources. It’s everyone’s business how to interpret them. AURC can (and probably will) rally in January, it could double and triple. The company can end all speculations with one simple PR or financial document. Have you noticed that they always talk about reserves and never mention any concrete number of production/delivery. Look at the latest PR, for example: “AURUS Corp. (Other OTC:AURC.PK - News) is pleased to announce that it is processing its Krong gold reserves of 2,572,000 troy oz. and is preparing its next gold bullion shipment for January 12 of the coming year. “ OK, I am impressed by gold reserves. But how much gold is being processed and shipped? “the projected increase in production” – from “unknown” to few times more than “unknown” http://biz.yahoo.com/iw/061220/0197067.html .
IMO, if shipment report is written using the same language – it would be bad for stock price. Investors are waiting for some numbers: “257 once of gold is shipped to Moscow Sberbank, next 2 January shipments will be 345 and 411 once”.
I don’t know, maybe it’s just their copyrighted way to communicate with investors. NWOG used to do (and still does) the same. The only opinion that I find difficult to hide anymore: “I don’t like Monimpex (Parkin& Co)” :)
Thank you, Brent. Best wishes to you and all investors who are brave enough to invest in penny stocks. Happy and Prosperous New Year for all of us!
This is very educational post that extends my understanding of manipulation techniques. I suspect there are much more cases where poor stock performance is not a result of “naked shorting” by unnamed MMs, but semi-criminal behavior of companies themselves using “free” access to “unlimited” number of shares.
I wish everyone on this board Happy New Year and successful investing in 2007! Let all our picks be a real stocks with great growth potential. I think Brent’s way of personal communications with managements is a good approach that can help us to separate crooks from real businesses.
Good luck and Happy New Year!
It appears that a year earlier (3/4/2005) Northern Ore Technologies was warned that 4 licenses could be revoked (different reasons, including inability to make regular payments): http://www.parlcom.ru/index.php?p=MC83&id=1490
They needed external money (investments) to keep the rights and perform all necessary work. That was probably the purpose of getting Aurus on board. It looks strange that they let those licenses go anyway. Was Aurus unable to pay (we know that N.O.T. was still in poor position in July)? Was this decision canceled later or delayed? Why would RosPrirodNadzor put Klyon into “withdrawal list” in December if it was taken out in April? Is it ethical for Aurus to talk about Klyon bright future in May, knowing that the license is already taken or could be taken soon? Something doesn't look right here.
Sorry for poor translation (BabelFish):
"By the orders of territorial agency on nedropol'zovaniyu on Chukotskiy AO, on the basis of the ideas of the administration Of rosprirodnadzora for Chukotskiy AO on the established facts not of the elimination of disturbances, before the appointed time ended the rights of the use on 9 layers: - PRIVATELY HELD COMPANY "Northern Ore Technologies" - the license AND 00745 Be (layer maple), AND 00859 Be (r.Karal'veyem), AND 00860 Be (r. bol.Keperveyem), AND 00865 Be (ruch.Kochkarnyy), AND 00888 Be (ruch. Gytkhyrinat), AND 00985 Be (ruch. right bright)
www.prirodnadzordv.ru/?request_uri=news/view/26/&PHPSESSID=b7f735e73510161e63903d133e4f6220
(dated 4/13/2006)
So, according to this official document Aurus lost 9 licenses (including Klyon) in April - just one month after it was acquired: http://biz.yahoo.com/iw/060314/0113131.html . On May, 16 they provided technical data "on Klyon Maple property": http://biz.yahoo.com/iw/060516/0129549.html , then 4 months of silence and... price dropped from 0.4 to 0.1. Klyon was never mentioned again - it's all about Krong. Then we saw Klyon in famous Mitvol's list.
I have no comments... only suspicions.
OT. mildtrans: I am in a process of retrieving some answers to my questions from NWOG... and they read iHub boards. So, I try to watch my language… :) We will discuss this later, in a couple of weeks (I can’t send PMs).
Portfolio update:
P1: $6,508.01 down 34.92%
P2: $10,846.38 down 27.69%
Let’s use "end-of-the-year tax selling" excuse for this pitiful performance: short term damage for our long term portfolios. :)
Interesting to look at portfolio charts (just 1 month of trading so far, I may post them later when we have few months of history):
max (Nov-28) P1: +53.09%, P2: +19.50%;
min (Dec-28) P1: -36.67%, P2: -28.56%
That’s the volatility that makes people flip shares rather than “buy and hold”.
I have never questioned the existence of “Russian parts” of Aurus and their licenses. The problem: they were almost dead in 2002, lost some contracts, were put under State control, etc. I’ve just posted links that show that ZabaikalGeoprom and North Ore Technologies are still in the same pity state. How did Aurus buy Krong w/o steady cash flow from these divisions? What were conditions of financing? Does Krong produce enough to feed all other Aurus branches and pay the debt? Is Aurus profitable? Ask your friend to find the answers. :)
It was Republic of Buryatia (which is Zabaikal region), small town (village): Taksimo. Here is the link:
http://www.actmining.ru/company/companycode=7860907
There is a phone # there. But I don't feel like I want to call. BTW, I saw Victor Feldbush Moscow phone #s. If anyone is interested to call and ask anything - I will find them.
What do you mean by “has investigated”? Did he visit places, met people, or just searched the web? There is not enough information online to give “a seal of approval” – English, Russian, or Chinese. Good friend of mine is also fluent in Russian and still has problems to find anything. :) Even NWOG is a “fountain of information” comparing to Aurus.
They worked with ZabaikalGeoprom, which is a part of Aurus now.
<< Knowing that 'You' have now sold...LQQKING for another bargain?>>
Actually, I don’t have any problem to buy it much higher than current price if I can convince myself that everything is “kosher” and we are moving even higher. What is your opinion: Is Aurus profitable at this point (generates positive net revenue)? BTW, I have the same doubt about NWOG, and it’s my #1 question in the list I sent them recently. As I can see, RSM Top-Audit documents projected a positive balance after 2007. Has situation changed after the merger?
It’s just a matter of individual psychology – someone can ride dozens of risky positions, another one has to make a choice. You are not going to believe it, but I still like AURC. :)
BTW, in my “simple mind” NWOG is “AURC on a later stage” after getting rid of Monimpex invasion. It’s Monimpex business to eat Russian companies alive for the “favor” of bringing them to the US public market. NWOG has barely survived an aggression and is going to recover now. AURC is still under attack. Both (NWOG and AURC) are real businesses.
IMO.
"OOO" = "LTD" Direct translation: "Company with limited responsibility" - responsibility is limited by statute capital.
For example, statute capital of CreditLine (acquired by NWOG for Syria contract) is 10,000 rubles ~ $380. :)
Kronstadt is a small historic town on Baltic Sea (near St Petersburg). Kronstadt Ltd is definitely not Krong. Completely different company with offices in St Petersburg and Germany: http://www.kron.spb.ru/
Besides, based on AURC PRs I conclude that Fedor Dovgan represents Krong in Aurus (probably was a CEO before acquisition), name of Sergey Sukhachjev was never mentioned before.
BTW, check my posts regarding ZabaikalGeoprom on “another board” (messages 131-133, 140, 141 on http://www.investorshub.com/boards/board.asp?board_id=7536 ).
I tend to agree with designerportfolio: any “share dividend” is nothing more than a stock split and any stock split is nothing more than “share dividend”. For recent examples of chart patterns look at USSE or CWRN (500% share dividend :) If anything happens to PPS “the week prior to the stock divi record date” it would be because of some other news (like Jan, 12 gold delivery). My experience: pre-dividend rallies don’t happen often now (investors are getting smarter) and pre-split plays almost never work. Maybe I am looking at wrong stocks, though. :)
Found it, thanks Wendel.
Thanks for your opinion. I am not going to argue – future will put everything on the right place. One comment though: “Aurus… the first shipment is tiny”. Actually, I believe if they announce completed shipment with any amount delivered (even 1 once) it will be a big positive news. My worst nightmare: January, 12 is passed, and nothing is reported, or they do issue the report that “some amount of something is delivered somewhere”. Market is not going to like it. The price drop after ex-dividend, especially paid in shares, is almost guaranteed pattern. So, they will need to work hard in January to create a high price level for the decline after January, 30. Actually, AURC could be a good short term momentum play. I am watching and ready to jump in. Long term could be a question though.
Wendel (can we discuss it here?) do you see any new information comparing to that article posted earlier: http://www.rbcdaily.ru/2006/12/13/tek/255312 ? It sounds like “worst case scenario” in work… which includes compromise offer from Syria government: another place for NPZ in Homs (close to Russian Navy port) plus reconstruction of NPZ in Baniyas. It could be less than $3.5 bln (I think) but still a very good contract without any tender. Could you post a link, btw?
Found one more reference to ZabaikalGeoprom (not much information even in Russian press):
http://economy.buryatia.ru/attached_documents/Poyasnitel_nayazapiskakprognozuSARMuyiskogorayiona.doc
According to this document (dated: end of 2003) ZabaikalGeoprom planned to employ 30 people. Who pays them if the company doesn’t do any work? Krong?
BTW, this official link: http://www.rosnedra.com/article/366.html
that mentions ZabaikalGeoprom as a participant of auction for Archikoy gold deposit (11/21/2005) confirms that we are talking about “our” ZabaikalGeoprom here.
I look at CFRI every day – it’s in my watch list. “Almost bought” a couple of times but other stocks looked more attractive, and free cash supply is kind of limited. :) The chart has turned down now, so I hope I will have time to pick up a few shares. CFRI definitely looks like good “fundamentally sound” long term investment. Not sure that it can cause short term market excitement and explode (although, this did happen before).
Thanks, antsquires. This stock is the first new ticker in my “buy” list. Somehow, I keep trading the same stocks – for example, added CKYS @ 0.02 today, using AURC proceeds. Maybe tomorrow or next week.
Hello, ibreken. I actually update portfolios every weekend. Missed the last one because of vacation. I think both are down about 30% now, and I am not going to hide the truth. :) Keep in mind that Portfolio 2 is set up the way that I can trade stocks sometimes (not too often). I am going to sell part of CKYS position on the next rally, and NWOG, SPRL when they double from the purchase price. I may add other positions as well. Portfolio 1 is a pure long-term experiment - untouchable till July, 2007.
As to “you may get lucky” we will see... Maybe you will get lucky to see the pennies that turned to be real companies. Of course, it would be interesting to look back in 6 months, but right now I still believe that NWOG and SPRL are at least 5-baggers from the current levels (with less confidence in SPRL short term). CKYS could happen to be “just regular penny” – I mostly rely on other people’s opinion here.
Welcome and feel free to post. I bet you liked my recent AURC posts. :) Are there any pennies that you are positive about? At least short term? Without looking at them daily?
Hi Eric:
Couldn't find "FFCN" so looked at your posts history: FCCN.
Thank you, I will check it out. Although... I don't like to buy stocks that just jumped 10 times in price. Do you expect any price correction at all?
Thanks again.
Assuming that NWOG's number of OS is diluted to max authorized 1 bln (and I suspect we are close to this) you will get just $1.25/share. During recent CC Malyshev mentioned the “fair price about $1”. So, they are pretty consistent with this.
Well, as a result of this new wave of “googling” (inspired by designerportfolio’s posts on AURC board) I have sold the rest of AURC shares. Out with reasonable total profit. I would like to see some proof that Aurus subsidiaries “have turned the corner” first. My current take (suspicion): because of the poor state of all “moving parts” Aurus had to buy Krong on less than good financial conditions (dilution? profit sharing?). All numbers are hidden, so everybody is allowed to speculate. I have a problem to believe that Aurus can become profitable anytime soon. The last drop that made me to take this decision was ZabaikalGeoprom’s profile that I found yesterday: http://www.actmining.ru/company/companycode=7860907 (Russian) with mailing address registered to some apartment (Belorusskaya ul, apt. 2). I am not even 100% sure that this is “our” ZabaikalGeoprom (although it definitely looks like this), but this is too much “adventure” for me at this point, considering my other risky investments.
So, I am temporary removing AURC from my “long term buy” list till further clarification… which doesn’t make it automatically a bad stock. :) May jump in later “to play momentum”.
IMO.
BTW, it looks like Aurus’ “Northern Ore Technologies” is not in the best shape as well. According to http://www.svrpu.ru/psv/3842/0020.shtml (BabelFish translation): the company “does not ensure the payment of services for the protection of the territory, where an enormous quantity of explosives is stored. Debts was 1,7 million rubles. The curtailment of the protection of the storage of explosives would create real threat, including for The bilibinskeye atomic station. We made the forced decision about the protection of object as the colleagues of non-departmental protection. Thus far payment will be produced from budget fund.” (dated: July, 2006).
This could be the reason why we see them in Mitvol's list.