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2c's video proves this is no scam. Believing anyone who implies this is truly naive.
The bashers also know this isn't a scam. They'd lie to their own mother, so their opinion really doesn't count.
Important note about the counter-offer:
There is no mention in the PR that it's required to be cash. It's very important that the deal made has no strings attached, otherwise this will be a big letdown. Not meaning to give the bashing macaroons any ammo, but we need to let the board know where we stand as shareholders on this.
It's obvious they have been looking out for our interests, so speak up on this matter & they'll listen.
joe- if you check him out I think you'll find he was just trying to induce others to bail.
He never bothered to post on the AURC board until he sold? I don't believe it.
how can you sell @ .12?
you never had it, pal
Don't be so sure, PASHA- we're going up...
An APB has been issued for bashers to come to this board and try to hammer down the PPS so the shorties can cover quick IMO. The manipulation we've witnessed for so long has been exposed by mgmt. and the short-sellers are in a panic right now.
Like I said before, they are PRAYING this deal does not go through. The desperate acts of this afternoon prove that.
Thanx, basher. em
Our management was shrewd and savvy enough to spell out exactly why they didn't accept the offer and acknowledged they knew what games were being played with the stock price and why.
No matter what happens from here I feel even better about who we've entrusted our hard earned money to.
Watch what happens by the EOD, bfogerty.
MMs are looking for fools to sell. In about 30 minutes the PPS is going up big-time.
Hey SABAI, how's ATLJ doing? LMFAO!
Later to you too. Go find another flipping target.
bye, USMC.
Not clear from the PR, whonose. There is no mention of a first right to refusal with the counter-offer.
xoxoxoxoAURUSxoxoxoxoxoxoxo
Now my computer screen has lip marks all over it
You just knew the board was looking for a better offer. And they believe the counter-offer will be accepted.
This ain't over by a long-shot folks. If these guys don't say OK, we might have a bidding war!
KICK A$$, BABY!! THAT'S WHAT I'M TALKING 'BOUT!!
Right where I thought we should get an offer. Sweet!!
If you believe in leaks or a dump by insiders, then this drop signals that the BOD will decline the offer.
I'm so fed up with MMs & their bullsh$t that I hope Aurus grabs the .38 and runs. That'll teach those jackasses.
Interesting how sentiments have changed today....
If the BOD is watching this board I'm sure they are finding out that they can accept the buyout w/o too much backlash. You know they are fed up with the markets when they have to PR a video which proves they are a real company. And the buyout amount seems reasonable given the limited amount of production they have right now.
If the principles have seen the amount of $$ in this, perhaps they would rather go private and keep the fruits of their labors to themselves. Lord knows they don't owe anything to a bunch of MMs, bashers, & flippers
g-nite spec, joe, et.al.- I think we're in for a surprise PR tomorrow. No proof or anything, but just a feeling with the way this has all played out.
Now THAT is a great post, joe. Monday morning quarterbacking at it's best- until you look at the crap that EVERY basher is hyping. TOTAL LOSERS
Well specbidder, it is a pink sheeter on a message board and not everyone here has been around like us to understand the company we own. I've taken the position that the whiners will be here about as long as they've held Aurus and the people that really matter will be here until we reach the promised land.
The iceman cometh... and now you can go too.
Because you aren't a shareholder/board member and have no clue about the valuation of a business.
You asked a question so there's your answer. Nice talking to you.
I'm on my 50th ignore with no end in sight....
you bet jts, now you can go back to those incredible winners of yours like BHUB and BKMP.
All you losers are milling around tonite. Must be a bashing convention or something.
moldy born 4/23/07: thanx expert
No. e/
wrong, Aufan. Only those who are stupid enough to sell at a loss will lose.
If the board immediately discloses recent production figures and announces the divi payment date, we're still golden.
BTW, 2C congrats on NNRF (again). Up to $8.53 with no end in sight...
RE: today's offer, I figured you'd think this was real low. Maybe at some point in your conversations with mgmt. you could see what their strategy was in issuing a PR for this. It's my understanding that they were simply responding to rumors about a buyout (in the first PR), but they would not have to make it public if they didn't want to.
It will be interesting on how they announce a rejection of the offer-- I would believe they would have to give some other positive news if they wanted to support the PPS.
Iggy him, investor. This guy is dying for attention. If you go over to his beloved CVSS you'll find out why. LOL
I think the only jekyll & hyde types you see here are the bashers and flippers that have frequented this place ad nauseum for the past six months. All those that have been long & strong still remain positive, although a bit disappointed in some cases. We've been there before & understand the game.
investor99- part of his motivation might have been when I went to his POS stock CVSS and gave him some of his own medicine.
How some of these immature clowns wind up becoming moderators I'll never know. Makes you even more grateful for the guy that runs our board.
He would jump to that conclusion because he's an Aurus basher in disguise. I got on one of his message boards a while ago & bashed away at his fav stock in return & he proceeded to ban me from the board after only one post.
Don't even respond to the tool.
whonose- I just sent ThSeeker my analysis based on production numbers. I can't speak for mgmt., but there's actually a lot of good reasons for the PR of the bid:
1) Establishing a floor for subsequent offers.
2) It's 6X what the stock was selling for prior to the offer.
3) They want to gauge investor sentiment on the deal.
4) This may be a prelude to a JV or other type of transaction.
What might be throwing people off a bit is the amount of reserves-- I'm not so sure that is an accurate manner in which to judge the value of a mining company. After all, there will still be operating costs to extract the ore. If Aurus could reach production levels of 10,000 oz/month as they PR'd recently, they could probably get offers more in line with what we expected. It's quite difficult to get a primo offer with your first set of financials.
Just my 2 pennies
ThSeeker- if you figure a p/e of 20 for 319M shares, we would need to have $15.6M in earnings. I don't know if we're @ the $50-60M in revenue at this time to make that much (probably at a rate of only 2,300 oz/mo. right now).
On a purely financial basis, the offer is fair. What has me baffled is the discount on the amount of reserves Aurus has-- someone is getting a steal on those.
morning money- so if it's a Russian company making the offer it will be accepted?
Dream on, shortie. I've looked at your post history & it shows a penchant for bashing. I'd wish you good luck, but I wouldn't really mean it.
Longs can't lose tomorrow. If the offer is accepted, we all make money, albeit not as much as many hoped.
But if the offer is rejected, which the market is clearly counting on, then mgmt. indeed feels we can fetch more on a subsequent offer or in PPS appreciation. Seeing how we were @ .43 last year and had no production, it seems unlikely that they would accept the first bid that came their way.
So, if they turn it down, like I expect them to, I would hope they prop up the share price by tossing us a nice juicy PR within the next several days. It's time we traded over .50 and not this nickel & dime crap.
.01?? No way. We still have financials, increased production, and 4.5B in assets. At worst I could see us where we were last week, but not any lower. Someone thinks we're worth .38 and is willing to spend over $121M CASH. So because our mgmt rejects it we're only worth $3.2M?
I don't think so.
next on the ignore list- spooky e/
BTW- great guess @ .45, globeex. e/
LMAO! You never bought a share, you liar. Stop the crap & go back to your rock you crawled out from under.