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Also probably the ones that participated in the auction in the first place get the first option on the property if the winning bidder fails to perform,i would think.
They would only get them if they come up with the funds to pay for them. Since the auction had taken place it looks like they cannot be reauctioned but can be sold to whoever comes up with the cash. At this point it could be a lot lower then the auctioned price. Thats what i think he was saying. We are assumimg the winning bidder failed to keep upto his end of the bargain.
Beginning to make sense now,thanks PS,you too Eik.
Yes i have no doubt about that,i was just interested on how Aurc management convinced Krong to be bought by them for 150 million Aurc shares.
So the assumption is now that they issued 150 million shares for all of Krongs assets and it tailings technology. The question then is ,why did Krong management sell to Aurus? What did Aurus bring to make the deal happan? Was it because Aurus provided exposure for funding from the west?
Thats an excellent list,i would also add:-
When are they expecting the new equipment to be in place and what level of ore processing tonnage they expect to acheive with the new equipment.
Do they need to build new facilities to handle the extra tonnage that will be processed.
2create it is important for investors to know the terms of the convertible debenture. They may be a consortium of millionaires but the non milionaires would like to know what sort of deal they got. As long as the company keeps us in the dark regarding the financing terms the more uneasy some investors will become. Yes i know the audit is coming soon but that may be to late to stabilise the share price.
Thanks 2create,come on shorts and bashers prove to us that this dept head of RSM Top Audit does not exist.
2create what is Mr Sainikovs position in RSM Top-Audit Russia?
Is Mr Sainikov a RSM-Audit Russia member. Why would he lie about AURC? If you shorts can prove this guy is a fraud then you have cracked it. If not then your screwed,
Yea yea yea,i have very little to lose now buddy so i will just lower my costs. You i'am afraid have very little to say that could scare me now. If you want to lower the price further,have at it. I appreciate your help.
Retail is not dumping,the company could have sold months ago,this is plain naked short selling. It also shows desparation because you sre reducing the fear factor for longs,only 6 cents to zero. You've stretched the elastic to far, a world of hurt awaits you shorts soon. You will be the ones panicing soon.
Believe what you like friend and i hope they take it lower now,because i will be buying.
Like i said before only way to get rid of the naked shorts is to give value to all the counterfeit shares out there. A one cent dividend would start the ball running. I know shorts have balls of steel,but this looks a sign of desparation amongst them.
Manipulation nothing else.
They did the same to NWOG. I find it a little amusing now. They can take it to zero,i will not be selling.
You can't have watched the same video i did. I finally understand where your coming from.
Can understand why they would want the $50 million now. I think Valentin said that companies competing for auctions in Russia have to prove they have cash,equipment etc to be eligible to participate. With the cash they can compete for more auctions out there. Looks like there is still a lot of gold to be mined in Russia.
Someone found a reason to buy. Now one euro in frankfurt.
What is a scofflaw?
Just watched the video. Thankyou for sharing 2create. I love the part about the dividends. I hope we see them soon. It would get rid of ibroken record forever hopefully.
Been out most of the day. Really surprised at the share price. The company does need to get out word of their delay in the dividend procedure. Also they need to address the financing terms. Again there is no doubt in my this stock is being manipulated. I guess the positive is that i will be picking up cheap shares tomorrow.
The only way to get rid of the naked shorts is if all the counterfeit shares that are being sold have value. Even a 1 cent dividend would instantly increase the share price and force the shorts to cover.
A cash dividend would put investors minds at ease.
What i would like to know is where is my dividend?
$50 million in the bank and your bringing up a couple a hundrend thousand tax bill. Is this all you got. You must be hanging on by your finger nails with that short position. My advice go get some counsuling for that gambling habit. Think of what your putting your kids thru. You probably hit your wife when you lose,don't you?
I don't mind either option. I just want to see the video. If i need to pay so be it.
Only 69300 shares of SOMA has ever traded. If good news come the shares should rocket up as fast as they rocketed down.
Just wondering where the dividend is. Looks like more news is on the way.
As long they keep to their loan commitmants they can do whatever they want regarding company issues.
Aurus will not have too much to prove if they announced cash dividends at some stage. This news is awesome,i would think they would reach their 10000 ozs per month winthin the next month or two at this rate. What could they produce with new machinery. FANTASTIC news,these shorts are going to getting cooked real soon.
Well done AURUS management. You delivered!!!!
With $50 million on hand 5 cents is just suicidal for anybody short. They could just announce they will buyback of 20 million shares and the shorts would be cooked. Thats 2 million pounds at 10 cents. That 20 million would be the whole float.
DP,do you want it cheaper then it currently is. Personally i think you just missed the bottom today.
SOMA doesn't really make any sense to me now. Why did larry need to JV with SOMA anyway. Well we know the Dalian deal is done but i really would like to know how much of it belongs to EQBM.
2create anything on whether its a fixed convertable or floorless and any idea on conversion price,this would be greatly appreciated.
These shorts are crazy. If this goes the way of NWOG i am going to be a very happy man. Will be buying some time soon. Biding my time.
Another sell of 3000 shares and SOMA will have negetive value and we will owe MMs money. Who ever is the MM for the stock is plain nuts.
Could somebody find out if it is a floorless or fixed convertable financing. I would imagine that this is the most important question to be answered at this time. Does anybody have Micheal Grancharoff's email so i can find out. Designerportfolio a great job for you,with your talents,find that mans email address.
UNLEASH the HOUND!!!
Thanks for the explanation sub. I wished you worked in AURC PR dept.
Enlighten us,who exactly are laposta and associates?
I would guess all the terms of the financing and auditor details will be in the 10k or whatever report they are currently putting together. Looks like management is serious about being more transparant and in proving to people they are the real deal.