Holding..... Breath.... Loooong.... Time.... Blue.... Hurts.... Ack!

I've had an .0001 order out there for weeks. It's dipped, but I keep coming up empty at that price....

I actually read the share counts differently. I don't think they have anything to do with Aurus shares, but are the corporate shares of the private enterprises before they were consolidated under Aurus. Both audits show figures of the companies prior to their relationship to Aurus, and the figures were brought forward AS IF they were still independent companies. These are components of an Aurus financial picture. These in no way should be viewed as full Aurus financials or as depicting anything that has occured in the interests of both combined under the name of Aurus.

It seems to me as if they have taken the first step of auditing each component before combining them under the corporate roof, so to speak. We'll see Aurus shares, which will likely have no relation to these corporate shares, once we see the Aurus audit.

Anyway, I could be wrong, but that's how I read it.

I agree with you that the way the assets are depicted in the statements would not be acceptable by the SEC, even if it is common practice in Russia. In order to begin filing, these financials need to be redone by US standards. If their stated intention to begin filing in the near future is followed through, then the consolidated financials will need to look quite different.

Eventually, although this is not required by the SEC, they will want to use the established Canadian standards (which many American companies use as well) of depicting proven and probable reserves. These figures are usually put together my independent companies and are not a part of the mining company's financials.

I can see why Aurus would want to show us the financials in their current state. This way the value of the mineral claims could be audited by Russian standards without embarking on a whole new adventure of redoing them by Western standards.

And since the $4 billion figure will disappear from the financials that are filed, this was probably the easiest and fastest way for the claims to be verified by SOME kind of standard. There's been a lot of press about the difficulty of converting Russian companies to Westernized reporting and this is a prime example of it.

These financials are an important step. I look forward to the next step. FILING! That's the only step that matters to me at this point.

Why would the market expect production numbers on an audit that only goes through December 2006? Production began in earnest in January. Why would the market not know this when I do?

I don't expect a huge fluctuation in any direction until those financials get filed with the SEC. I'm much more interested in that date than in the date of financials.

As for the buy-out, it's just noise until we have some facts.

I confirmed with LaPosta directly that he was hired to file with the SEC.

OT: Actually, I wasn't joking on Nord. I got in at .285 with $15k and sold all my shares at various points between .55 and .77. I could've made a lot more if I picked smarter sell dates. That's all ancient history now. I haven't been interested much in the "new" Nord as I have not been able to discern a recognizable strategy for the company, despite all of eik's great research. But I wish everyone in it the best.

Well there you go. I was just lofting up the ball for you guys to hit it. (8^>)

I couldn't resist. I picked up 1 million today at .0000000000000000000000000000000000002. I would have picked up more, but Schwab is going to make me pay another $10 fee for every $200 investment at these levels. I've decided that the risk/reward at this level is very attractive. I'll make up for that $20,000 dollar loss I took in December one way or another (now that I'm doing my taxes, I'm thankful for the taxes I DON'T have to pay on my Nord Oil gains. I'm thankful, but not really.).

Bob! You'll pay me back! $200 at. a. time.

I suspect that after the market's reaction to the prior PR's, they decided it wasn't useful information to publish without an audit (folks weren't believing them) and are holding off. But I suspect that once the audit is more imminent, they will begin to publish them again to reinforce the fact that they are now a revenue generating company.

The audit should cover last year, when there were no revenues. The audit will likely show losses for 2005 (unless they include Krong sales prior to the acquisition - but I suspect they were still operating at a loss). But, the assets that will hopefully be valued, combined with the revenue numbers being generated this year, plus the share count, will give a clear indication of where this stock should be priced.

Financing makes all the difference.

And for those of you who feel that Aurus would be acquired by now if the claims were real, I'd like to remind you a little bit about how this industry works. Larger companies don't acquire smaller companies that are non-producing. Why not let the little guy struggle and sink all the costs of getting things going before stepping in? If the small company can't get the money and goes under, the licenses will be much, much cheaper to acquire. Also, I don't know of any very large miner that uses tailings as part of their mining strategy. The Aurus business plan is unusual and would not fit with most company's strategies. There are other considerations than simply the value of ore. Larger companies need to consider the views of THEIR shareholders, and most shareholders would question the acquisition of an obscure, development stage, Russian penny stock processor of tailings that needs significant financing to ramp up the processing of their licenses.

Also, now that Aurus has financing, I doubt they would accept what most companies would probably offer.

That's good to hear. When 2c said that Makarov was overseeing the shares, I thought, "Geez, I thought Monimpex was out." But if Parkin was actually canned, then that shows a desire to start moving in the right direction, even if the "introductory firm" is still involved.

The problem with small companies is that there are few people running the show and those people's personalities play a large role in the perception of the company. There are really no layers and checks between the quirks of one individual and the average investor. Large companies have 20 smart people checking and double-checking everything they say. And they still screw up sometimes!!

Thanks.

Oh, so you believe DOS and not me, eh? LOL.

That is correct.

OT: LOL. Yes, by the way, I'm having Cotton & Western flashbacks with my Aurus stock. I'm laughing so hard I want to cry....

Yeah, I wasn't sure if I was going to post it, as I'm not convinced they are the same person, but, feeling punchy, I just thought I'd float it out there. Even if they are the same, I don't think it's necessarily a bad thing (Bullit as Bob's alter ego...). It's sounds as if they are lifelong friends at the very least and I can believe in similar, if odd, grammar patterns.

I appreciate you posting here, Bullit, and mean no disrespect. Regardless of who you are, you are definitely in the know and have proven again and again that you are posting true information. Very much appreciated.

Joe

This all terribly interesting, isn't it?

I understand what Bob is doing in timing the R/S, but heed this warning: I have NEVER seen an R/S where the stock did not fall in price immediately after. An R/S usually creates more room on the downside. Production is still months away, so if the R/S is to be timed with actual production, then the R/S is months away, is it not?

I hope there is no R/S, as that really just creates more opportunity for manipulation. I agree with joev2 that re-purchasing shares is the way to go. It will take longer, but should help the stock to consistently move in the right direction. It's a lot more expensive than an R/S, but then again, as in all things, you get what you pay for.

I believe all of what I'm hearing, as I have all along, but it's the plans we are not told of (increasing A/S to 6 billion anyone?) that concern me. I don't blame Bullit, er, I mean Bob, for not saying anything. He wouldn't have raised the funds otherwise. But still, it hurts.

Bullit, did you and Bob have the same grammar school teacher? You both make the same grammatical error, writing "sale" when you should use the word "sell." Makes one wonder, doesn't it...

They are an accounting firm in Montreal. It sounds like they have a number of different services. I contacted them through the Montral actor's union, where Frank LaPosta does accounting/tax workshops for Montreal actors/entertainers.

Yes, yes. Change the story as new information comes to light, ibreken. That's the way. For some, Laposta certainly didn't exist, or was a Parkin "croney" and corrupt as they come. Now that he does exist and seems legit (to me at any rate), he is, of course, being lied to by Martin and the others.

(For those who can't read sarcasm in message boards (and there are A LOT of you, apparently), that was it.)

I deal with facts, not supposition as you and a few others seem to. The facts as I see them is that this is a real company. The assets are real. RSM is real and has worked with Aurus in a legitimate business fashion. The stock has been manipulated and may still be being manipulated. Some of the PR's I question because of this, some I do not.

The company communicates very poorly. I am extremely sorry I did not sell when it was last in the .20's, as I was on the precipice of doing. It is now pointless for me to sell at these prices, given that I feel the company in Russia is certainly a legitimate enterprise and this stock has a chance to recover because of it.

Legitmate businesses, though, can use company shares in unethical ways, and I think that has happened here somewhat - especially as initial shareholders sold out - but not as bad as at some other companies I've owned. I have never believed 2c's claims of "presidential privilege." I have always believed this to be a struggling gold junior with some nice licenses, interesting technology ideas and very little money. The Aurus website has always made those facts VERY clear. The company has never represented themselves in any other way. I think too many people here confuse 2c's DD with factual information about the company and, even worse, FROM the company. It unfortunately creates hype that then pushes the price lower if it turns out the wrong conclusions have been drawn.

This stock would do a lot better if everyone stopped making ignorant claims about what this company is and isn't. Problem is, most of the people talking here like the volatility, profit from it, and so will continue to spout garbage. That's the game you're playing here, right? I hate this message board, as I've come to hate most pink sheet message boards, but I still come here to seek info occasionally and to share and will continue to do so as long as I own. When I sell, there will be no reason for me to be here, isn't that right ibreken? No reason at all. (note: sarcasm) I will play this one out, but I will never buy another pink sheet again.

I have a lot of respect for the work 2c has put into this. Certainly SOME of his conclusions have been correct and he has shown us the face of Aurus. Some were content with that face and some were not. It was what I expected, primarily because I've never believed the hype about this company.

This is a struggling gold junior, but NOW with money. More shares, yes, but money to survive and establish themselves. Is that a guarantee of operational success or of no future share manipulation? Absolutely not. But it is enough to keep you people from talking me out of my shares.

I may lose or I may win or I may get out with my wallet barely intact. You don't know the answer to that. Just stop pretending you do.

He told me RSM was doing the audit. I did not specifically ask if the audit had been sent to him or not.

Heh. And you wonder why people don't want to post what they know...

If you want to call me a liar, please do. But I've been here a long time and my record speaks for itself.

It's on Montreal's ACTRA page, not the national page. It gives two numbers. I think one is a voicemail and the second I called may have been his cell. I'm hesitant to post the number as I would feel terrible if he got a deluge of calls. He was a little leary at first, but once I told him I was an investor and was just doing a little extra research, given it was a pink sheet and all, he seemed to understand and was open to answering a few questions, but like I said, I don't think he's looked at the audit yet.

Well, well, I just called Frank Laposta of Laposta and Associates. He confirmed that Martin Grandcharaoff had hired him to file the papers with the SEC. He has not started on it yet as he is finishing up another project, but plans to start in the next week or two. He expects it will take a couple of weeks depending on the complexity of the information.

He said he does not know Martin all that well, but did not know of Martin making any false statements. He seemed genuine, and open to talking about it.

He confirmed that RSM Top Audit had conducted the audit, so if there are any changes they have not been communicated to him.

That's it. Sounds like a guy who was hired legitmately to do legitmate work, but had yet to look into the details.

I just joined as a demo member, clicked the link, and got a message that the info was not available to demo members. Oh, well.

Actually I found Laposta as a financial reference on the Canadian actor's guild website. I have been tempted to call the number, but I have not.

Well, I suppose you are correct then (although we don't know when Q1 is for Aurus and this could mean by the end of March), but I still treat most time frames promised by pink sheets with a healthy grain of salt.

Also, everyone should keep in mind that any audited financials will not include January or February sales. The best that could come out of it would be a valuation of assets. I need to look at the financials of other mining companies to see how this is typically reflected.

I'm not sure why everybody is expecting a PR about the financial audit tomorrow, just because Salnikov said he expected it to be finished by the end of the month. That does not necessarily mean it will be ready for public consumption or touted in any PR by that date.

Expect not to see it this week. Eventually, yes, but I don't think Salnikov's expectation of when the audit will finish should be seen as gospel on this. First time audits very often get delayed as young companies are not in the habit of doing them.

For example, NNRF first promised an audit at the end of November. It did not come about until last week, but it DID come about.

I'm just concerned that no audited financials this week will cause a price crash, when the company has never officially said when it will be done or announced. Besides, it would be folly for the company to post those numbers on the website before actually filing, if that's what they plan to do. So even if they do complete the audit, I wouldn't expect them to share it yet.

That said, it is about time for the company to give us some kind of update on the dividend, at least.

Well, we were told what the record date would be. We have not been given a confirmation (post date) that it has been met, like most companies would do. But it is true that shareholders as of Feb. 15th may still get the dividend. It's just odd that the company did not confirm the date of record on or immediately after the date of record. Companies I have recieved a dividend from have always done this.

The truth is, I have never owned a pink stock that has made all of its promised dates. Some things are beyond a small company's control, or wishful CEO's get overly optimistic about what they can achieve in the given time frame.

Anybody who's been a pink investor for more than 6 months knows this.

The only pink investor who sells whenever a date is missed is a flipper. The only people who keep harping on it and blowing it out of proportion are manipulative flippers.

What do you want us to say or do? We all know the company has missed the date. We all know they've given no explanation. You act as if this is news, or you want us to go out and do... what? Sell? If anyone decided to sell on late dividend news, they've already done so, my friend. Why do you think we are ignoring it? I don't think anyone who owns this stock can ignore it. Do you expect someone here to know more than you? We don't.

All I can wonder about is your motivation in bringing it up, out of the blue, after the subject has been pummeled to death here for two weeks, and at the end of good day.

LOL. Another flipper who sold at the end of the day and is hoping he got the timing right.

Good luck to you, buddy.

LOL. That's because the usual retinue of bashers (ie. flippers) are busy playing the rise. The moment the stock shows a weakness, they will sell and be back in force to drive it down again.

Flippers are boring that way.

Yeah, if they ever speak to us again! LOL.

One thing we don't know is how much Aurus is getting for the gold from the Russian bank. Something tells me it is somewhat less than the going rate. If they are not free to sell the gold on the open market, then they have to take the price the bank gives them and I don't know if any of us know what that amount is. But knowing a little about the Russian government, I feel pretty certain it would be less than $650 an ounce.

Still, good analysis. Even if you double your share count or half your gold price, we should still be trading at around 80 cents. And if you half the gold price AND double the shares to 600 million, we should still be selling at .40 with a 10x multiple. And those are truly dire scenarios!

I agree designerportfolio, there is no surer way to sniff out a scam that to watch the stock price!

GBDX was a scam for the past 3 months, as the stock had been tanking. I'm happy to announce that GBDX is a scam no longer! The price is going up. Will it be a scam again next week? Who knows?

Chiquita Brands International lost 30% today. I was disappointed to learn that company was a scam. And I always thought their bananas were the best...

But, the reason I suspect Kyoto is because in a lot of these kinds of deals, shares do get sold immediately when they are given. There are no guarantees in this world. A lot these financiers, promoters, and so on go with the "bird in hand" thinking. Even if they think the company is legit and the stock may go up, they would rather not take on that risk and get what they can now. There's a lot that can go wrong in small companies and they could potentially take years to pay off. The money they make could be put into safer investments (or used to offset the cost of the loans), which is a more prudent business decision than taking on the added risk of holding shares. I think these companies behave in the same way no matter what company they are working with, so the actual facts about the company seem pretty irrelevant (unless maybe someone like Warren Buffet is an investor...).

I haven't been a pink investor a real long time, but this is the behavior that I have generally observed. Again, these are all my thoughts and opinions based on my limited experience that have no basis in any facts that I know for certain about Aurus.

I have no clue. I'm not saying that's what happened, I'm just trying to come up with possibilities for the price performance.

Look at the Monimpex website and you'll find the company address.

Read the email chain that I posted earlier from CorvetteMark. RSM Top Audit confirmed that the Russian Federation certified the content of Zabaikalgeoprom's tailings. Why can't they be measured and estimated like any other piece of earth? Where do people come up with this stuff?

My reply would be that those processing estimates are dependent on getting the equipment first. Aurus is still a small company working in a potentially unstable country. A CD is a safer way for the company to obtain funds than using all of their assets as collateral. If they can't pay for some reason, what happens rather than losing assets is dilution. Getting a CD is the main reason a lot of these companies go pink in the first place, so they don't have to hock their futures.

It's not a major issue if the company can make payments. In fact it's better than risking the company's ore - their most valuable possession (yes, more valuable than stock). CD's have such a bad rep with pink investors because most pinks can't make the payments and then get diluted to oblivion. I think it was wise for Aurus not to get a CD until they started production. They have a much better chance than most of paying on schedule (but we can't answer that for certain, because we don't know the schedule). Remember, Aurus could have gotten a CD at any time in the past year. If they had done that, before having a means to pay, we all would have deserted this stock a long time ago.

I'm wondering if some up front shares weren't paid to Kyoto as part of the deal, which may explain some of the selling. Who knows? I certainly don't. I also think that if some brokerages have large short positions here, dumping shares after good news is a good way to shake investor confidence and prompt more selling. They never want to have to buy back those shares if they can help it. Remember that the short position here is so big that it's no longer allowed, but that doesn't mean these brokerages don't have shares to sell to play on investor's psychologies.

Someone has been using that tactic consistently. I certainly don't think Aurus would be dumping in this range, scam or no. This feels like an outside entity attempting to shake confidence. Either that or some Kyoto up front shares.

The only negative "fact" at the moment is that Aurus is late on the dividend news.

Well, these are my thoughts, anyway.

So refreshing to read actual, verifiable facts about one of my pinksheets. Let's hope AURC does the same.