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Blackjack was talking rubbish it was obvious to see if AURC hit 8 cents it would go down rather then up.
Post from Eik on Eilks board. Thanks for the info eik.
Well, just made a call... Don't know how to put it... Please don't kill the messenger.
eik: "Hi, I am AURC investor. Used to talk with you a month or so ago."
Sokolov: "Yes, I remember you."
eik: "I know you are not supposed to disclose this, but could you just confirm that you are still working with Aurus?"
Sokolov: "No I can't. We don't work with them anymore."
eik: " <<long pause>> Hmm... Does it mean buyout is not going to happen?"
Sokolov: "I didn't say this, don't know."
eik: "But you are not working with your client anymore?"
Sokolov: "No, for us it's over."
eik: "Thank you!"
FWIW... I am not jumping to any conclusions. Theoretically the buyer could drop Kartix and start direct talks with Aurus... or something else.
Maybe a false assumption made by me. How can one not know about the other if their is a dispute regarding the Jalovian property license,which both companies say they hold. The logical explanation is that they are both involved with the license. Probably should take this up on your board,not here.
What about the license that is in dispute,he definantly has heard of that. Also according to eudogg he knows Segal.
eik,not saying there is a relationship with NWOG and serg,however isn't their a relationship with Malyshev and Segal,the topic we were discussing. Don't believe Malyshev has not heard of SERG.
It also could be the reason why AURC is being sold for only 55 cents because i don't think they now own Northern ore and Ruda.
Ruda is already a producing Gold company as found out in prior DD. Might be the reason why Stargold is not really just a shell.
Eudogg,is it possible that neither SERG or NWOG actually own the license and that the license is really owned by one individual.
This could be a similar type of situation as Aurus's Kylon deposit. Could the license actually have been held by Belchenko and thru him,Ruda held the license. When the Krong deal was made could part of the deal that Belchenko engineered for getting Krong be that Belchenko was allowed to have Ruda and Northern ore to be tranferred to another entity such as Univercompany. A company he owned outright.
If that was the case then the Kylon license transferred automatically to Stargold who in effect bought Univercompany.
Its interesting that Belchenko is not part of Aurus now as relayed by 2C in one of his previous posts.
It could be the reason why SERG was set up because Malyshev thru other entities holds more then just that one license you are currently talking about.
Segal is involved because his group probably provided the financing for Malyshev to buy the licenses at auction. The one who owns the license can if he wishes transfer these licenses to other enties he is associated with.
So the reason why serg is having problems with their audit is that Malyshev is playing hardball with his western backers. Probably still pissed off with the NDOL shenanigans and wants to sell the assets back for some type of compensation.
RSM was initially told that serg owned that particular license with its reserves but after the NDOL deal Malyshev pulled the license that was used in the audit.
2C is in Russia applying for the post vacated by Martin "the Flush" Grancharoff.
Euddogg,also on that video i see billions of dollars worth of tailings that even RSM could not botch up. The size and value of those tailings are the real story on that video. Also they are still producing gold. If they can sort out the Admin branch of Aurus,this stock is worth every bit of that 55 cents buyout figure. Look at the big picture not the conspiracy stories. Who ever is buying Aurus would be nuts to walk away now.
This deal eventually will go thru,imho. You have to look at the wood from the trees.
My speculation who will be AURC transfer agent:-
Computershare Trust Company of Canada
9th Floor, 100 University Avenue
Toronto, Ontario M5J 2Y1
www.computershare.com Canada
Tel: 416-263-9200
Toll-free: 1-800-564-6253
Tax: 416-263-9394
Toll-free fax: 1-888-453-0330 US
Tel: 303-262-0600
Toll-free: 800-942-5902
I can only speculate,here goes. The change in transfer agent will happan with the help of the suiter for AURC,the suiters transfer agent will be used. A member of the suiter will be voted on the board to take the place of our dearly departed Martin.
I expect to hear news regarding dividends this week. On issuence of the dividends the BOD of AURC will give a comprehensive vote for the deal to go ahead. Two weeks from this the deal will be finalised.
Its interesting that both Darasun and MNV each own 50% of Zabaikalzoloto. I wonder who will buy Darasun.
Highland Gold Begins Talks On Selling Its Darasun Mine
Reuters
Highland Gold, the country's No. 4 gold miner, is in talks about the possible sale of its loss-making Darasun mine, where a fire killed 25 people last year, its managing director said Thursday.
"We have been approached by a potential buyer but it is premature to disclose any details as the talks have only just started and are at a very early stage," Henry Horne said in an e-mailed statement.
also
Barrick Gold Mulls Sale Of HGM Stake
05/28/2007
Barrick Gold Corp. is mulling the sale of its 34% stake in Highland Gold Mining Ltd. (HGM) to a local buyer. Aton Capital quoted Interfax as reporting that Barrick would like to develop its Russian business on its own.
and
Highland Gold Not Selling Mnogovershinnoe
05/30/2007
Highland Gold Mining Ltd denied reports in the Russia press that it plans to sell its Mnogovershinnoe mine (MNV) in Russia. Company spokesman Dmitry Yakushkin said "MNV is not for sale". "MNV is the company's core producing asset. It is a well performing operation and the company's main cash generator," he added. "We are in the process of improving efficiency on all levels at MNV and this combined with the mine's potential lets us optimistically look forward to many years of stable production at MNV," he said. The company also said it is unaware of plans by Barrick Gold Corp to sell all or part of its 34% stake in Highland as had been reported by a Russian news agency. "Barrick has been, as always, very supportive," said Yakushkin, adding that last December Barrick raised its shareholding in Highland to 34% from 20%.
Euddoggwyn,i have always respected you and 2C. Your remarks about 2C are uncalled for. Everything 2C has posted regarding AURC and SGDM has been based on credible evidence. The scam on NDOL was perpretrated by monipex and Parkin,not 2C. Why do you attack him.
The links between Belchenko-Aurus-Zabaikalzoloto-MNV-Darasun-Highland gold-Barrick are all outlined in 2C's DD,which he has shared with all.
The video of Aurus's operations was DD he gave freely.
He put his money in AURC when it dropped to 3 cents and came out with a profit like alot of us did. Now he is excited about the prospects for SGDM and has put his money where his mouth is.
He even freely admits he bought stargold above $7,do you hear him whine about it,he dusts himself off and gets back in there,because he has total belief in his DD. This is his successful action. Do you think NNRF was a fluke. With that success he fully converted me even though i didn't participate.
Come on your better then that euddogg.
Just one more question 2C,could you find out who got the Kylon/Klen deposit license after Aurus lost it. Thanks.
I did the same,bought more below 9 cents. The next PR when it comes will help the PPS.
Why would it take 2 months. I think an announcement of a new transfer agent is imminant and it won't take them to long to send out the certs.
Thanks for the news WTL. My initial feeling was that the Chinese partner had not complied on something and thats why Larry was withholding payment. The Chinese partner needs to get the certs into the trust. Its sounds like Mrs Hui is due money from the down payment and is frustrated she has not got it.
For Larry to have invested his own money must mean he is nearly 100% sure the deal is done. He's using the downpayment as leverage for the certs,would be crazy not to. If he just gave them the downpayment think of the ramifications if he never received the certs.
In the mean time i hope the production is happaning.
Thanks 2C,i'am excited to hear what you find out.
Sorry 2C,just got back,saw your post,hope i'am not to late with my questions.
1) Does SGDM hold other licensed properties.
2) Has the univer deal been completed.
3) Is Belchenko still leading the company.
4) What other licensed deposits does univer or SGDM hold.
5) Are they competing for other auctioned deposits.
4) do they have a relationship with Highland gold or Barrick.
5) What was their mission in creating SGDM.
6) Does Belchenko still hold the position "Russian Government Chukotga Region State director, of Non-Ferrous Metal Mining enterprise ".
7) Does Belchenko still have a relationship with Northern Ore Technologies,
8) What does the future hold for SGDM.
9) What other regions other then Buryatia and Chukotka is the company involved in.
I would have thought keeping the production going is more important then the downpayment. If SOMA can show revenues it would not be to hard for Larry to find the downpayment. Any idea's to how much the downpayment is? Its probably more important to find out what production has occurred at the mine.
Virus good pickup,eqbm quoted at $0.024 cents in frankfurt. what is going on?
Ivanhoe Mines has conducted an active exploration program in Inner Mongolia, China since 2003, principally through two joint ventures with Chinese governing bodies.
In August 2003, a subsidiary of IVN entered into a joint venture agreement with the China Geology and Mining Inner Mongolia Company, a subsidiary of Inner Mongolia Bureau of Geology and Minerals Exploration and Development (the "Bureau").
The joint venture agreement entitles IVN to earn an 80% interest, increasing to 90% under certain circumstances, in the Yahao joint venture company, which has been established under the laws of China to explore, develop, mine and process minerals within China. Properties included in the joint venture cover 282 km2 within Inner Mongolia, including six exploration licenses and one mining license. To date the joint venture group has conducted exploration on several prospects, largely with mixed success. In 2007 the joint venture will focus on conducting secondary level exploration on two prospects in western Inner Mongolia.
In April 2003, a subsidiary of IVN entered into a joint venture agreement with the Inner Mongolia Huayu Geology and Minerals Exploration Co. Ltd ("Huayu"). Throughout 2004 and 2005, the joint venture conducted exploration on its principal property with modest results. After completion of its drilling program in 2005, the joint venture decided to terminate its interests in the exploration project. Following its decision to relinquish the original property, the joint venture continued to examine additional exploration projects and has obtained approval from the provincial government to transfer an additional exploration project known as "Anomaly Five" into the joint venture. Due to the termination of the joint venture's interests in the Oblaga Project, and the return of the exploration licenses and mining license to Huayu in late 2005, the "earn-in" terms of the joint venture have been re-negotiated and adjusted to a 95% interest held by IVN and a 5% interest held by Huayu. Final Government approvals are currently being sought for this interest adjustment.
JINSHAN GOLD MINES - targeting mid 2007 to graduate to gold producer
Ivanhoe Mines has a significant equity interest in Jinshan Gold Mines, a Canadian mining company focused on the exploration and development of gold projects in China.
Jinshan Gold Mines is taking a leadership role in a country which is currently the fourth largest global gold producer. Jinshan's CSH 217 Gold Mine in Inner Mongolia, China, is expected to begin production in the summer of 2007 at an initial production rate of approximately 117,000 ounces of gold per year. Jinshan also is conducting regional exploration in the Tianshan mineral belt in Xinjiang Province, Northwestern China. Through well-established joint-venture partnerships, operating experience and a strong presence in China, Jinshan is committed to building a significant gold company and enhancing shareholder value.
I wonder what other wastern companies are currently in China. Go Larry go.................. China will be the two gld producer in the world very soon. With a trillion dollar surplus they will be investing big in this srea.
The future will all be about Chinese gold. Larry has managed to get a foothold in the next big gold rush country. One billion chinese are ready to buy gold.
If the $1.20 falls watch out above, Thankyou also 2C.
$1.20 is the resistance point,after that who knows.
Congratulations 2C,i never doubted you,lol. I thought the era of the short squeeze was over,but europe is proving me wrong.
Up another 60% in frankfurt today. Like you panning4gold i was surprised and disappointed with the PPS a few days ago,but what a change a day makes. It did force me to do some thorough DD on the stock and after connecting a few dots i started to feel alot more comfortable.
I think with Belchenko involved in the stock,good things are going to happan. I mean the man knows where all the gold is hidden.
Its back to zero. It was interesting for a minute.
I have sell order in,lol.
what the hell is going on. I'am rich for a minute i guess.
Just a thought if AURC gets bought out,will SGDM be the only small cap Russian gold play left on the american exchange. That is a great positive going forward. There are hundrend of small deposits that could be consolidated. I am waiting to see a real bottom before i buy more. Probably a long term play but very much a stock that should be accumalated.
Thanks strongus,i would like both stocks to do well also,i just thought larry was finding it hard to get reinstated on the pinks.
China to become world's No.2 gold producer
(Reuters)
Updated: 2007-06-08 15:16
China, the world's third-largest gold producer, is likely to surpass the United States to become the second-largest producer of the precious metal in 2007, a senior Chinese industry official said on Friday.
China plans to raise its gold production by 8.3 percent to 260 tonnes in 2007 amid strong international prices. Gold prices hit a 25-year high last year.
Related readings:
Global shine to gold market
Gold exchange considers derivatives trading
Gold glitters as stocks lose luster China posts nearly 16% growth in Q1 gold production
Domestic demand was seen in line with production at 260 tonnes this year, supported by the jewelry sector, Wu Junyun, vice general manager of the international trading arm of the China National Gold Group Corp., told reporters on the sidelines of a conference in Shanghai.
China's gold output rose 14 percent in the first four months of this year to 77.75 tonnes, extending a 7 percent increase in 2006 when it hit a record of 240 tonnes, data from the China Gold Association showed.
The World Gold Council has put China's gold consumption at about 240 tonnes in 2006.
The State-owned China National Gold Group, one of the country's leading gold producers, produces about 20 percent of the country's total.
Wu said the company was interested in gold mining in neighboring countries, including Myanmar and Vietnam as well as in Russia and other central Asian countries, although he gave no details.
That million would be better spent on SOMA with the future prospect of buying out EQBM stake in Dalian. Larry needs to forget about EQBM for the time being and concentrate on revenues for SOMA. Two more months and Dalian starts to become profitable,maybe sooner if he can get more lines working.
China's Gold Production Jumps 16% in First Quarter
By David Harman
10 May 2007 at 09:30 AM GMT-04:00
SHANGHAI (Interfax-China) -- China produced 56.183 tonnes of gold in the first quarter of the year, up 15.99% from the same period last year, according to statistics released by the China Gold Association today.
Gold mining enterprises produced 36.875 tonnes of consolidated gold (gold bullion and compound gold) in the first quarter, up 9.21%. Smelting companies (nonferrous metals smelters and gold refinery plants) produced 29.767 tonnes of gold bullion, up 20.83% from the same period last year.
Nonferrous metals smelting companies produced 11.858 tonnes of gold bullion in the first quarter of this year, up 31.32%. The top five nonferrous metals smelters contributed 87.81% to the total gold output in the sector.
Gold refinery companies produced 17.909 tonnes of gold bullion in the first quarter, up 14.76% from the same period last year. The top five gold companies contributed 79.74% to China's total output.
China's gold industry reached a value of RMB 14.62 billion ($1.90 billion) in the first quarter, based on current gold prices, up 54.16% from the same period last year. Profits also surged 44.12% to RMB 1.58 billion ($205.29 million).
The Shanghai Gold Exchange, China's only precious metals trade platform, reported a gold trade volume of 360,365.90 kilograms in the first quarter, up 39.70%. Trade turnover amounted to RMB 58.37 billion ($7.58 billion), up 57.82%.
In other news, a large-scale gold deposit with proven reserves of 27 tonnes of gold and additional reserves estimated to exceed 50 tonnes has been discovered in southern China's Hunan Province, according to the China Gold Industry Association.
The gold deposit is located in Shaoyang City, within the White Horse Mountain and the Dragon Mountain gold metallogenic belt.
The deposit was initially discovered by the 11th Gold Reconnoiter Brigade of the People's Liberation Army (PLA) in 2001.
After five years of prospecting, 14 gold veins have been identified, with the main vein measuring 6,370 metres long and over 500 metres deep. The ore body is of a large size and has good continuity with a gold grade above 3 grams per tonne.
A comprehensive reconnaissance has recently started, with the PLA brigade focusing on analysis of the main gold veins and ore body in order to discover metallogenic patterns and identify higher grade gold reserves within the mine.
Commentary
China produced 240 tonnes of gold in 2006 representing a 7.15% yoy increase. A 16% production increase in Q1 of 2007 bodes well and output for the year could reach 280 tonnes.
News of fresh large scale discoveries underscore the belief that rich deposits are yet to be uncovered. Nevertheless, China will still have a shortfall of some 100 tonnes this year.
If this doesn't underpin price, talk of an increased ratio of international reserves may tip the scales considering that China, along with Japan, has less than 2% of reserves in bullion.
Compare that with European countries who, even after central bank selling, have way over a 50% ratio. In the U.S. it is more than 75%.
pugdog,i don't blame anybody for my investment decisions. I still think 2C will be proven right in the long term. I have also done DD in this stock and i think it has hidden potential. Timing has never been my strong point. I can even accept this one may fall far beyond anybody thinks,however where their is fear there is also opportunity. When i saw AURC drop to 3 cents i did not panic and i won't now. I took advantage.
If the west does not join the race for Russian gold mines they will miss out big. Consolidation will be the name of the game in russia. We just don't know what other deposits that univer is sitting on,at this time.
I think that was the reason for the runup recently. Is there another sukhoi log,Dukat or a Natalka waiting out there. Is the western mining companies going to allow polyus to scoop them all up.
There was a reason to create stargold.
I don't think you will have to wait that long. One thing i have learnt about larry,he doesn't like to lose money. Dalian will be the key. It should be making a profit by the end of the year. He will use SOMA to buyout EQBM to get 100% owned Dalian for SOMA. He will probably sell off Red lake for opportunities in China. China will be a huge producer of Gold in the coming years.
Folks there really is nothing Larry can do about the situation at this time. He's waiting for revenues from SOMA like the rest of us. He's willing to buy EQBM shares for a reason,i think he said 100 million reasons,lol. EQBM shares will be bought at 10 cents a share.
I finally can see the wood from the trees. Be patient.
Yes it looks like i have made a big mistake with this one. I wouldn't mind averaging down,but with no inclination from the company regarding any progress,i think i have lost my money here.
I wonder what made it go up to near $8 in the first place. A pump and dump on just a shell seems improbable.
UniverCompany is producing and making a small profit they say. Would love to know what other deposits they have a license for other then Karalon. According to RSM Audit they have $24 million in fixed assets,so i would imagine the stock is close to its value without any of its mining assets taken into consideration.
Karalon project is in Buryatia covering an area of 72km. Buryatia has over over 25000 rivers and tributries running thru it. So i would imagine the mining comes from alluvial deposits. Buryatia produces 97% of the uranium needed for russia. So univers mining assets may be substantial.
2C,probably has most of the answers. Must have been a reason for the recent run up,don't buy it was all a pump and dump scheme.
Hope the price settles down,looks like i will have to dollar cost average again,one day i will hit the MOTHER LODE,lol!!!