Hey David, I also got a reply from Mr. Cotton last night. He's sure working late these days. Thankfully, I asked different questions than you did. Bob put his answers/comments in the parentheticals within my letter.

Hi Joe,

Its 2:08am here in Houston and I'm working as usual.. thanks for the letter, I have been catching a lot of heat from all over the world.. Anywy, let me aswer your questions directly and hopefully you will know where we are at this time, please see between your text.


Quoting Joe Wyka <joe_wyka@yahoo.com>:

> Hello,
>
> I am a modest shareholder of Cotton & Western Mining with 30,000
> shares and am considering becoming a larger, more long term investor
> given the recent inexplicable discount to the share price. I do have
> a couple of questions I was hoping you could answer. (Now would be a good time to get what you can afford at these prices)
>
> I am concerned that I have not received the promised 3% dividend as
> of yet. When can I expect to see those shares deposited in my account?

(Now thats a good question, my kids are shareholders too and they have been all over me about this... There was a delay needed by the transfer agent, to get all those recorded, as I was told... But also do not forget, those shares are restricted... The purpose was to bring certs in as (XYZ Clearing House) was loaning our shares out to "Naked Shorters" maybe you read the news release about that... Most people that deal with (XYZ), will not go back.. As soon as I can move our shares out of there, we are finished with them... I will call tomorrow and see where we are on the dividend.. It should be ready by now??)

> Also, I was under the impression that Cotton & Western was in
> negotiations with the Philippine government over the Pacific Pearl
> properties. Who is Astrolabe Mining? Do they actually own the
> properties? How can I find out more information about them.

(Okay, let me explain this as I need to up-date the web-site as well... We have two areas that hold Magnetite Iron Minerals... The first area is located on Luzon and that was our first mining property... Just before we started to make conformation diamond core drills, we were offered bigger mines, We have those now, that was the news release on July 10. Now we have more than we can handle.. So after looking at the available geological data, we found that the 4 mines on Mindoro Island holds 76 million metric tons of high grade Magnetite.... the mines on Luzon, are Pacific Pearl 1, 2 and 3... the mines on the location map for Mindoro Island have names, but not offical names, So I have not yet decided if I want to continue with the Pacific Pearl name for those mines or keep the names they have now, and just make our Philippine Subsidiary Cotton & Pacific Pearl Iron.. The Philippines are called the Pacific Pearl)

I have worked all over Asia since 1981 and have very good contacts there, Astrolabe Mining & Development Corporation is nothing more than a shell company, headed by a group of people who are Government types and that is all I can say.. But regardless of that, they are close to me and I have my pick of the best mines in the Philippines and I am glad to report to you, that the iron minerals on Mindoro Island are the best in the Philippines.. I was also offered Santa Inez, a large mine.. I turned it down because of high sulfur content...

The share prices were driven down by those who held free trading shares for promotion, and other services, the services where a joke on me, as they pomised not to sale until we were able to sale shares to our large investors.. Until now, we have not sold any shares.. We have a group who is buying all the sale off they can get, it helps just now that the price is down, meaning we get those shares at a cheap price... I would hope that this week will about wipe them out.. When the float drys up and sellers can not supply the shares, then we will get back in line with where we should be.... With several billion dollars in mineral assets, the current share price is extremely under value... Once we open Mindoro Island, I doubt I will sale any of my shares for less than $20.00... Buy then we should be on AMX.. and before you ask, there will be no more reverse splits, this company is here to stay...

I will be making another big news release hopefully within the next 15 days regarding another project.. But I can't release any information on it until after I finish our due diligents and sign an argreement with the mineral owner... This project is pre-sold...

Once all this comes together, we will pull out of Mexico and operate only two locations.. Mexico is hard to work and all I want to do there is get my personal investment of 2 million dollars back. We have material in stock down there, but can't move it until after the rainy season, November ...

Watch this week and you should see some movement up, if you can afford to buy in, now would be the time and help us get the stock players out of the way...

I hope that answers your questions..

Regards.. Bob Cotton



> I’m sure the investment community will come around to seeing the
> huge potential in this company. I am a participant in the Investors
> Hub website and have appreciated Mr. Cotton’s willingness to speak
> directly with the shareholders.
>
> Thank you for answering my questions and congratulations on the good
> news this week.
>
> Joe Wyka
> Walnut Creek, CA

I'm not sure if emails from CEO's consistute valid research on this board. They've about exhausted their welcome on the AURC and NDOL boards. But... Siempre (David) from the CWRN board has been in email contact with Bob Cotton of CWRN. He sent an email asking what happened to the share price last week. Here's the response:

Hi David,

The numbers you posted are correct.. Shareholders from Casino Link, the shell I bought, where left with under a million shares after the reverse split... the Total float is 12.5m..

The total outstanding is 69m.. of that me and my family control it.. Our shares come free on March 8th, 2007..

My advisors talked me into paying IR, MM and other promotion people a total of 5 million free trading shares... because they were going to really bring in the big investors, as of Friday, we still control a little over 6m shares, we have not sold off mainly because I didn't want to sale any for under $1.50 and then just a few.. the guys that took the shares would hold them unitl we got a shipment of ore out, well that lasted about 5 minutes.. I kept wondering where all those shares were coming from.. Finally they said ok, we finished.. They managed to bring some buying in early, then I guess they decided to screw me and dump it.. Lucky for me I have real investors who are buying everything they can and the cost to get these guys out has be cheap... My best calculation is they have about another 1.5 to 2m to go.. Hope we can get it back by this Friday.. Once that is done, the price will come back.. We still have not sold and will not until we can raise the funds needed to open Mindoro Island and another project I can't release any news on yet, but should be out in the next 10 days or so...

By the way, the insiders at Casino Link have only sold 30k... and told me Friday, they have no intentions of selling now... nor do I... The share price now is extremely under value... Someone wrote on Investor Hub that this was a scam... No way in HELL.. This is my life and some nickel and dime hustlers are not going to break us.. As soon as those guys dry up.. thats it, I don't know how much in-house trading Hill, Nite and UBSS are doing, but just before the bell on Friday, Nite went 7.5 for less than a minute and jumped back to 6.8 to grab anyone who reacted form the jump and fall.. This means they were trading in house.... nothing I can do about that, but they don't have many shares left either.. Same with UBSS, tested them for 100K at their ask, they couldn't fill the order.. they had sold out on Thur and Friday... My guys will suck up anything out there, their ready to end this and this week..

Don't panic, we have won, its about over...and cheap shares will be harder to find than hens teeth are to come by...


Bob



my email....

Hi Bob! I'm still trying to get a handle on why there was suddenly such volume and such a steep selloff last week....it's obvious to me that those shares were not part of the 12.5 million in the float, so I'm thinking they were cheap or free shares from warrants or options....or else shorters jumped in on general market pessimism....I'm sure this must have thrown you for a loop too, as I'm sure you wouldn't be selling at these depressed prices.....

The newz was good about the Pacific Pearl properties....I tried for an hour to post the maps you sent, but my tech talents are lacking....I'll look forward to more good newz to post on IHub.... Respectfully yours, David.... siempre..

True Mark, but I believe religion does not give us our morals, but is a reflection of our morals. And as varying beliefs around the world show, some morals are a product of culture and some are universal. I'm not denying the importance of religion to civilization or to history. It is an important part of how we define ourselves.

Religions are free to define marriage however they wish and conduct marriage by their own rules. But to use religion to politically deny those of other beliefs the same benefits enjoyed by you is just plain wrong. You do remember that religion was used as a justification for segregation, do you not? Everyone should enjoy equal rights under the law. That is, in my opinion, a very high moral position that I would be willing to die to protect.

You are correct, immoral societies do not last. But why should your culturally defined moral point be of greater validity than mine?

I know I am not in the majority on this issue today, but I think history will prove, as it has again and again in the past, that the morality of basic and equal rights for all human beings is undeniable. And, it is undeniably American.

Where are you finding these people, siempre?

"released perhaps 60 million into the float?" There's only 62 million shares total!!

Remember, nothing has changed about this company since we started investing in it. Only one thing concerns me, and that's the late dividend payment. I fully expect to get it this week. They've been talking for a long time about their Philippine project. Why is it suddenly a scam now? If it was a pump and dump, they'd have been better selling off when it was over a buck. This in no way feels like a scam to me. I see some possible dilution in paying for the ramp up of production, but how can people not take a chance on this stock at these prices?

I still think this is a great opportunity. I'm going to do some serious DD this week. I'm going to call the transfer agent and confirm share counts, research any partners of theirs, like Astrolabe (I've discovered they are a real company, but small and with no presence on the Web). If you look at the full history of this stock, from before it was on the pinks, it has dramatic up and down shifts every year.

Buck up siempre. You are NOT responsible for other people's investment decisions. I think you found a good company here. I'm going to put in some time to verify it.

Well, anytime a stock has a precipitous, unexplained fall like CWRN, I guess it's wise to be a little cautious.

I think this company is on the up and up, but there have been a few recent developments that I think make folks a little leary. Namely:

~ Los Pozos, supposedly the mine to make them profitable this year, will be not be opened. Delaying substantial and regular revenues until 2007. There is a shipment scheduled for China from their one operating mine in Mexico at the end of this month. Weather has been bad in Mexico, so we'll see if they can deliver on time. I would expect a delay, which will only erode investor confidence.

~ A dividend from restricted stock was to be paid two weeks ago, but was delayed for unexplained "accounting reasons". The delay was to be for approximately 2 weeks. I should be getting 525 shares. I'll let you know when it is delivered. Again, a delay eroding investor confidence.

~ I don't think they have the cash to ramp up operations in the Philippines. They should be getting about 2.5 million for their shipment in the next few weeks, but they may have to issue more shares to pay for getting the Philippine mines operational.

Other than these factors, I see a lot of upside here. If you can trust the company, I think this is a good investment. You may want to wait to see them make good on a promise or two before putting substantial money here, but it's hard to see the price dropping lower with this much potential.

The Philippine news has been expected for a long time. I suspect that when the stock did not move on the news, a few large investors gave up and dumped. Low volume plagued the stock before this week, which was why I would have been hesitant to recommned it, but volume has skyrocketed this week and I hope it sticks around.

I'm really disappointed by what happened this week. I've done some digging around on Astrolabe Mining & Development. They are a small Philippine outfit without much info on the Web. I found them listed on the official Philippine mining site has requesting exploration rights on a couple of properties. They were also listed on a footnote in a Highland Pacific annual report as having evaluated one of their prospects. Bob Cotton said that he'd been working with the "Philippine government" to secure these properties, so I'm not sure exactly where Astrolabe - who will supposedly be getting the royalty fee - got the rights to the properties in the first place. Three years ago, it was the Philippine government who hired a Japanese company to derive the reserves numbers.

I'll keep digging. If I find substantial news either way, I'll let you know. Right now, I guess it's a matter of trust. I've had a good feeling about them from everything I've seen, I really don't think they are a scam, but that's for you to judge.

Thanks Skeletor (what ever happened to He-Man anyway?), I'll stick around.

I think this boards a great idea. It will be interesting to see if the manipulators try to sneak in. As it is not stock-specific, I think the chances of it happening are less.

Take care.

Only the unaudited, as far as I know. There was a previous PR put out by our communications challenged Mr. Parkins that said the "audited" financials were posted. What he may have been refering to are the geologic reports of assets and their valuations, which I think have been audited by RSM Top Audit, although I'm not sure there is any proof of that.

One thing is clear though, they have yet to organize and audit their financials in a way that would be acceptable to the SEC and western investors. These are deeply Russian companies that are being consolidated whose financial records amount to little more than bookeeping, as that was the standard used by the USSR. (If you don't have investors, then there's a lot of financial info you can live without to run your company.)

I don't think we would explode too high, but I'd wager we'd settle at a higher bottom. The problem is that Polyus is not known to American investors. The volume for Polyus on the pink sheets this last week is next to nothing. BUT, it would get the attention of Eastern European fund managers, who certainly know about Polyus, and would probably lead to an influx of investors from Russia and Europe. As Polyus gets on more exchanges and gets closer to their goal of being a top 5 producer, people will take a much greater interest in their partnerships. It would certainly give us a big, fat stamp of legitimacy. That, combined with SEC filings (hello?), should start getting us to the next level.

I think a JV with a western miner would provide a larger, more immediate boost, but the synergies that would exist with Polyus are pretty hard to deny. Polyus appears to be more acquisition minded than JV minded, but who the heck knows.

Again, though, the climate isn't good right now for micro-caps and pinks, which will limit our gains for a while yet, I believe.

Just a guess.

Cause, what makes you think I'm looking?

I've found what I'm looking for in life. Did I not say I was happy and fulfilled? Just because I'm disappointed with how the world is headed these days, does not in any way mean I'm not at peace with myself.

I know how hard it is for a person of faith to believe that a person not of faith isn't looking. I've found what you have, explored it, lived it, and thought deeply on it, and I've come to a different choice. Please respect that.

Well, I'll stick around and see how this board evolves. My hope is that it remains primarily about the stocks, although I don't mind a few personal shows of faith here and there.

A little about myself:

I live in Walnut Creek, CA, which is a suburb of San Francisco. I just turned 37. I have wife (we met and started dating at our 10 year high school reunion, would you believe it) and a 4 year old son. I studied acting at NYU, but no longer act except for a little voice over here and there, but I love watching my famous classmates do good. I just finished a novel I'm trying to get published. I work in the Information Technology department of a large drugstore chain.

I started investing seriously only about six months ago. The price of houses, as you've probably heard, is tremendously high in the Bay Area. Although my salary - I'm a sole wage-earner - would be sufficient to support a family and own a house virtually anywhere in the country, it isn't here. Some choose to go into GREAT debt to afford a house in the Bay Area. I've chosen aggressive investing instead. I've pretty much laid my cards on AURC, so if it pays off, I hope to buy within a year or two. If it doesn't, well, I guess I won't be any further away than I was before.

Why not move, you ask? Well, I'd be game for it, but my wife wants to stay close to her parents in their old age and I respect that. So we just make do for now in a cheap in-law apartment. Here's hoping for better times in the very near future....

Brent,

If this is going to be a religous board, I'm probably going to have to bow out.

I was raised Catholic, became evangelical in high school, and now lead a happy, fulfilled life full of love and family and without religion.

As this country moves ever closer to becoming a religious state, I am deeply, deeply saddened and losing hope for our future. Valuable time is lost fighting abortion and gay marriage while the ice caps are melting and our planet is dying an ever quickening death. Religious states like Isreal and Iran (and yes, the U.S. too) find no peace or acceptance in their differences. That's not the will of any God I want to believe in. The religious in this country are fighting moral wars about people's personal lives while the gap between rich and poor grows ever wider and will rip us apart. It's a distraction from the real work at hand, and I'm finding it harder to forgive.

Nothing personal, Brent. I do have a lot of respect for faith. I understand its power and its value on a personal level. But I also understand its intolerance and hypocrisy on a political level (and don't diminish its relevance there). How can the Christians support killing people on death row? Eye for an eye is the opposite of what Jesus teaches. But people turn a blind eye when it comes to evil, which isn't right. Where are the Christians fighting for the rights of the prisoners at Guantanomo? I haven't seen them. Bush's purported faith is a faith of vengence and power. I want nothing to do with it. How can the Christians support a political party that sacrifices our planet's health by loosening regluations so that corporations can make ever higher profits and continue to make the rich richer and the poor poorer. It will be the end of us one day.

Organized religion IS politics. Always has been. Don't kid yourself into thinking its not.

My life is full of faith and hope. If this board is going to be used for the purpose of supporting something that I believe - to my very soul - to be dangerous and hurtful to the lives on this planet, I'll leave you to it and go my way. Peace.

Because of this paragraph in the Financial Times article I posted below:

In recent years, the average license for a non-producing mine (in Russia) cost about Dollars 6 per ounce of reserves, compared with Dollars 20 or Dollars 30 in other countries, according to Troika Dialog, a Moscow-based brokerage. These cheap reserves make a partnership with Polyus attractive for foreign miners, analysts say.

Now the article is a year old and, as 2create pointed out, Aurus is an operating mining company and owns more than just licenses. But, it does highlight the fact that gold in Russia is MUCH cheaper than gold in other parts of the world.

This is GREAT news is we plan to acquire more properties and grow and grow, but maybe not such great news if we plan to be acquired. We probably would not go for nearly the same price as an equivalent company with assets in, say, Canada. Now that I've thought on it further, I'm sure we would get more than $10 an ounce, but I still think any acquisition price for Aurus would be lower than we (well, me at any rate) would have expected.

The best plan might to be stay independent, get the gold out on the world market, and get that $650 an ounce for ourselves.

My main point was that an acquisition may be less likely, or less attractive, than I had thought.

Hey Brent,

Good luck with the new board.

As you know I'm also in NDOL, so since this is just the two of us for now, no need to go into that one.

Have you taken a look at CWRN? On Monday they released a PR that said they'd agreed to acquire 4 mine sites in the Philippines holding 76 million metric tons (MMT) of iron ore. At current market rates ($68 a metric ton) that amounts to $5 Billion in assets. On Wednesday, the stock inexplicably dropped 65% to .06 a share. That's a 3 million market cap (62 mil o/s) for a company with 5 billion in the ground.

I've been in the stock for a little over a month now (averaged at .41, so I'm deep in the red), but the price right now is crazy. Bob Cotton seems a real straight up mining guy. This is a small company with big plans to grab a chuck of the Chinese iron seabourne trade. Take a look and let me know what you think. I really don't see any downside to these prices.

There are good links on the CWRN MB. Keep in mind that the company decided not to open the Los Pozos mine in Mexico because of high costs and a high sulfer content - so any revenue projections you see for this year won't be met, but that's still no excuse for these prices...

I hope you are right. It will be interesting to see how this unfolds...

If we produce and become fully reporting, then our valuation should approach western companies. I now seriously doubt we would be bought out, even by a Russian company, because I think Polyus could probably find cheaper licenses elsewhere. At least, I hope they don't sell us for a buck!!

Yeah, I was wondering about that. Remember that a lot of Aurus's gold is out of the ground, which makes it more valuable (less cost in extraction) and that article is a year old. But even if we get $10 an ounce that's only 70 million + the value of their silver assets (whatevery that would be). We're probably talking about $1 a share. A good return at these prices, but not what we're all are hoping for.

You'd think gold is gold and with a strong global market, the prices would be fairly standard, but if gold mines are THAT much cheaper in Russia, we should adjust our expectations. Acquiring Russian gold properties and selling the gold will be much more profitable than being bought out.

Production and selling our gold on the global market may reap much higher returns than an acquisition, based on this info...

Either way, we are still highly discounted right now.

A great article from the Financial Times on Polyus. Also educational on Russian gold mining in general.


Mapping out an empire to rival the world's best (The Financial Times)

From the permafrosted city of Norilsk above the Arctic Circle, Russia's Norilsk Nickel is mapping out a gold empire.



The world's top producer of nickel and palladium says it aims to turn its newly acquired gold subsidiary, Polyus, into an independent gold miner that can rival the world's biggest. The road from being Russia's top gold producer to joining the world's top five will be a long one, but Polyus is already making waves with an aggressive acquisition strategy and is increasingly asserting itself beyond Russia's borders.



It is also in a prime position to pick up reserves in Russia, a country with a fragmented gold mining industry, large untapped fields and political uncertainties that make some big miners wary of entering.



«They saw an opportunity to be a massive consolidator and they had the money and the will to do it,» says Timothy McCutcheon, a mining and metals analyst at Aton Capital, a brokerage. The campaign kicked off in 2002 when Norilsk Nickel - controlled by the holding company of Vladimir Potanin, one of the original oligarchs - purchased Polyus. The company wasted no time going international, snapping up 20 per cent of South Africa's Gold Fields, the world's fourth largest miner, in March 2004 for Dollars 1.16bn.



Less than a year later, it backed a failed takeover of Gold Fields by Harmony Gold. By the end of March, Gold Fields had spent Dollars 25m defending itself from the bid but the dust settled fairly quickly. Norilsk accepted an invitation earlier this month to nominate two directors to Gold Fields' board and, today, Gold Fields says the two companies have achieved a «convergence of opinion» about strategy.



Polyus's rising international assertiveness, Mr. McCutcheon says, appears to be part of an effort to rebrand itself as a multinational gold miner that happens to have assets in Russia.



«Gold Fields has the brand name but lousy assets. Norilsk Nickel has awesome assets but no brand name,» says Mr. McCutcheon. By recasting the company as a multinational «you have a much wider class of investors looking at it and a much bigger pool of money investing in it».



Norilsk is in the process of consolidating its gold operations under Polyus and spinning off the unit, giving investors one share in the new company for each one owned in Norilsk Nickel. The process should be finished in the first half of next year. After that, the new company is to be listed both in Russia and abroad, most likely in New York or Toronto. Spinning off Polyus has temporarily slowed the company's international drive.



After the spin-off, «the next stage is becoming a public company,» says Yevgeny Ivanov, Polyus CEO. «Then, our shareholders may consider some mergers and acquisitions to make the company really international.»



In the meantime, the company says it is ready to spend up to Dollars 600m boosting reserves in Russia over the next two years. With Norilsk posting a net profit of Dollars 1.83bn for 2004 there is always the possibility of more. The company is expected to put up tough competition in next year's tender for Sukhoi Log, a field of more than 33m ounces in estimated reserves. Norilsk Nickel can already boast more than five times the production of its nearest Russian rival, with 1.2m ounces, or about one-fifth of Russia's total in 2004. But that figure will have to triple before the company can be counted among the world's top five.



Pierre Lassonde, president of Newmont Mining, the world's largest gold miner, recently slammed Russia's «bandit capitalism» and said his company was not ready to go there. Nevertheless, Russia is a country WHERE new reserves can be added cheaply, thanks in part to the data left over from Soviet geological studies.



In recent years, the average license for a non-producing mine cost about Dollars 6 per ounce of reserves, compared with Dollars 20 or Dollars 30 in other countries, according to Troika Dialog, a Moscow-based brokerage. These cheap reserves make a partnership with Polyus attractive for foreign miners, analysts say.



Rumours of a merger - not only between Polyus and Gold Fields, but also between Polyus and Kinross Gold, the world's ninth-biggest producer - have been rampant. None of the companies would comment on talks. But Mr. Ivanov says the company is not wedded to the idea of a merger.

«There are two ways to develop,» he says. «One is to be a Russia-based company with a secondary international listing. The second is to have an international merger, which is the quickest way to internationalize our production base. We're open to both options».

Analysts say some kind of a merger is likely because of the mutual incentives: Polyus's desire to win over international investors and foreigners' need to replenish reserves.

I've been doing some digging on Polyus. What a tremendous partner they would be for us! Check out their website: www.polyusgold.com. It is SOLID. The company spun off from the giant Norlisk Nickel in March or April.

They intend to become one of the top 5 gold producers in the world by 2010 through aggressive exploration and acquistions. They currently have 600 million budgeted for acquistions, which is not a heck of a lot, but now that they are traded on the pinks, they could theoretically acquire Aurus in an entirely-stock based transaction (this is how most gold companies operate). If they acquired Aurus's stock for about $7 a share, (one share of Polyus for every 6.5 shares of Aurus), they would increase both their share count and reserves by about 8%.

This would not be another NW Oil. These these guys are huge and will be seriously courting international investment. They have 200 million shares and a market cap of 9 billion. (Which begs the question that if our reserves are approximately 1/12th of theirs, we should be worth about 750 million, but I won't go there.)

But even a JV with these guys would be HUGE.

Another interesting tidbit, here's the resume of one of Polyus's management team. See any familiar mining companies listed here??

Yury A. Lonshakov
General Director, Lena Gold Mining Compnay (LZRK)

Mr. Lonhsanov was born in 1953 in the town Gusinoozyorsk in Buryatia Republic, Eastern Siberia.

In 1975 he graduated from Irkutsk Politechnical Academy (Degree in mining engineering).

He started his career as a drilling-and-blasting operations specialist. Later on, he became the head of dredging operations in Beleizoloto and Primzoloto and after that moved to Zabaikalzoloto gold fields where he became chief engineer. Mr. Lonshakov spent 10 years of his career at Krasnoyarskugol, where he began as the head of stripping operations and gradually worked his way up the career ladder until he was appointed deputy chief engineer of drilling-and-blasting operations of Beryozovsky open pit mine.

In 1998 Mr. Lonshakov joined Polyus WHERE he took up the role of chief engineer.
In January 2006 he was promoted to the position of General Director of Lena Gold Mining Company.

Great explanation 2C.

The risk here is the same ol' fear: what the state giveth, the state can taketh away.

I seriously doubt that will happen in this case, though. Putin seems determined to become a player on the world markets and he won't commit hari kari by retaking the assets. He'll prevent foreign owners, but in the same breath reject state control. That would have been more of a legitimate fear a few years ago, but I think he's committed to privitization now, and we'll see that in how he handles the G8.

Not much. Just post 13698. But it may be nothing...

Oi vey!! Another NDOL? At least this company is big and well known. I don't think such a thing would go down the same way, but still, investors would be hesistant to jump into another "buyout" situation with a Monimpex company so soon.

I would prefer if Aurus does something on their own to increase value. It's so undervalued now, any realistic price would seem such an outrageous shift in value that nobody would believe it.

But a JV with this company would be awsome!

With their royalty structure with Astrolabe, they did not have to dilute to acquire the licenses. I think that was the best news in the PR. It also strongly motivates Astrolabe to get all the approvals completed quickly.

They may need to issue more shares to finance the ramping up of operations, but it shouldn't be too bad with $5 billion in the ground. The current share price is interesting. It might motivate them to use debt financing, given the amount of shares they'd now have to issue...

62 million OS
12 million float

We are a jaded society, aren't we?

The Internet has provided an excellent forum for crooked companies to make a quick buck and for conspiracy theorists to make money off of feeding paranoia.

Call me old fashioned, but I'll trust the fundamentals as well. I think we'll be just fine in the long run with this stock.

TGTL, I picture you living in a run-down garret in Belgium with crazy calculations and numbers - all pertaining to NDOL - scribbled all over your walls.

Watch out. They'll be coming for you with a straightjacket.

Just foolin' with you....

OT: How can I rig this thing to make that "Date 1, Initmate Dating" ad come up every time? Ooh, baby... (8^>)

And STOP that "Vote for Ann Coulter" ad from coming up. Ick!

This has been a "pillow stock" for a month...

...and probably will be for the next couple of months as well. In most of my stocks, I'm really seeing a lack of willingness to invest in prospective growth. There's not nearly the willingness to give credit as there was in the winter and spring. I just think the recent declines have investors a little spooked, and it will take time for them to come back. Pinks are the frontier for risky investments and we are, unfortunately, in risk-adverse times. These stocks will be slower to recover than the stock market as a whole.

It's not just NDOL and AURC. I've seen tepid responses to substantial positive news in a number of pinks. I really don't think Roseneft or the G8 will have a large material impact on this stock because it is a pink. You basically got two choices: ride it out or put your money elsewhere until the climate gets better. But when it does turn, I think it will turn fast. I'm waiting.

I don't like how high the expectations are with Roseneft. At this rate, it's almost bound to be a disappointment....

At this price, I don't think you can lose with either strategy. Quick rise - turn it around for a gainer. Slow rise - think long term. Play with what you are given.

Now why on earth does he need to take constructive criticism from us? He knows substantial news and numbers will move the stock, not what he says to investors in an email. Believe me, if you want something done, or want a question answered in the corporate world, starting out with a criticism is NOT the way to get it done. I'd rather leave the criticism out to increase our chances of getting an answer to other questions.

He is accountable to the majority shareholders of this company and might take criticism from them. We, I'm afraid to say, are not the majority shareholders. Simply pushing 'delete' will make us go away.

Don't attribute more power to us than we actually have.

13 would be detrimental because you are basically telling him that his communicating directly to investors is confusing, while at the same time you asking him to communicate directly to investors. Don't criticize him personally if you want to get an answer. That's just good sense.

12 is inappropriate because you can't expect a guy who is an officer in two companies to pick one over the other. Why would he want to stoke the backs of one set of investors at the expense of another set of investors? It's an unprofessional question that is insensitive to the position Parkin is in.

What I really hope is that some of this volume will stick around. This stock has suffered with low volume and drastic price changes, but hopefully some sustained positive news will generate more consistent trading...

I vote for 1, 4 and 22

I don't care if I'm included or not, but please be so kind as to post any and all responses on the MB and I'll be content.

Sure, if I hadn't put more money here yesterday at .22.

There was a big run up on Friday in anticipation of the Philippine news. When that did not spark a rally, I'm guessing a lot of those shares were sold, and that prompted an even larger avalanch of selling today.

I'm holding, though, because - like AURC which I know you also hold, your majesty - the assets are here and the revenues will come.

As for the likelihood of a short-term bounce - I have no clue.

It seems to me that money is draining out of the pennies these days. People seem less willing to take a chance on future growth. But, as in all things, sentiments change and this will, too. I don't know when, but I'm not selling sure assets at a loss. I'm fine waiting.

This is a great gold stock. I used to own DEZ, but when they were bought out by AUY I picked up a bunch of this stock. Did well for me. I'm out of it now after making about 35% (+ the 35% I made on DEZ). Good assets. Low cost. Aggressive management. Undervalued compared to peers. When gold prices effect a substantial recovery, Yamana should be trading in the high teens.

Hey siempre,

Get on the horn with Cotton, would you, and ask him what the heck is going on with this stock. .07??? And also, when is the dividend coming? I had expected it by now.

I do think this will pay off, but man, what a blow today!!

Aurus Announces 10 Million in Revenue for Q3

July 11 - Irkutsk, Russia - Aurus Corporation, a publicly traded Russian mining company, anticipates Q3 revenues in excess of 10 million after finding Osama Bin Laden hiding at the bottom of a core drilling on their flagship Kylon "Maple" gold property.

"It srpised the heck oot ov us," said Vice President Gerald Parkins. "Butt ounce fr ounce, prominnnent terorists are worth 10 times the price of gold. We r revaluating our businiss modle to see if we can't take advantag of our psition as the worl-leeding company for mining valuauable terrists."

Aurus plans to embark on an ambitious core drilling program and feasibility study to estimate the number of proven and probable terrorists contained on all of their properties.

"Assuming de fudning can be found, we execpt to begin our terrirst explraation program soemtine next week. Two weeks at the LATEST," said Parkin.

~ share value gives them leverage to borrow more money.
~ they can use some of the huge restricted share count to make acquisitions
~ those involved can get even more rich than if they didn't go public
~ publicly traded companies are more talked about, get more press, and make their leaders into stars, somewhat (this is important for some people)
~ good way to get international attention if you trade on foreign exchanges and are marketing to foreign markets

I'm sure there's a lot of other reasons as well....

OT: IHDR, I apologize. You are obviously da man!