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Any thoughts as to why the A/S increased to 3 billion?
I guess all of this hinges on the other company's ability to raise the funds. It's kind of no news news at this point.
Hey siempre, when are you going to update that ibox. Makes it look like we're still planning on being the next big thing in Mexico....
Oh, "IN the company." Sorry. I misread it. Never mind.
1 share for every 10 owned "by the Company". I've never seen that before. So I'm NOT getting one for every ten I own? How many does the company own? I have no idea how many shares I'm getting!
The PR is about what I expected. More waiting. I expect this to drop tomorrow as the day traders leave and then once again begin its slow ascent.
Stock dividends do nothing to affect the short sellers, although the promise of cash divvy's my get them to start quietly covering during the dips over the next few months. It depends on to what degree they believe the company will deliver on their promises.
Hm. No, that's not too positive, is it? Based on the timing, it would seem to be related to his ongoing negotiations for financing. Maybe I'll wait for the details of the financing before buying more. Has anybody posed the question to Bob yet? I suppose if it is related to negotiations, he's probably not allowed to say anything at the moment...
So much negative press about these PIPE deals right now. Those guys are all crooks. Hope he's not getting into bed with some of them.
I can't believe all of the misinformation I'm reading. If you want to know the share count precisely, call the TA. I called and they told me flat out, immediately before the split, what the share count was and I posted it here.
The A/S is 1 billion.
The share count based on pre-split numbers should be 650 million.
The float based on pre-split numbers should be 150 million.
If you think it has changed in the last four weeks, then call the TA and get a real answer!
If you want to maybe look at a different perspective for the split, think of it this way. Production is still months away. At the rate we were dropping, we might have been heading to these price levels even without a split. Would you rather be at the current price level with the number of shares you had previously or the number of shares you have now? Although there has been some dilution in this stock, I don't see the split as dilutive, but I do see a greater level of price volatility at these levels and more opportunities to trade in and out over the course of the next few months. We are far more liquid now than we were and the price is freer to fluxuate up and down.
All the speculation about insiders selling shares has got to stop. There is zero basis for fact in that statement. Bob is keeping us all up to date with developments and we know it's going to take some time. In the meantime, ride the crests and valleys smartly and you'll start to make up some of those considerable losses that we've all experienced here.
At current price levels, it's common to climb and drop 25% in one day. I see that as a gift we can take advantage of. I plan to more actively trade this stock between now and March - and hopefully be loaded for bear when the great news starts coming in March or April.
I researched the timing of tax loss selling before I did it. It's 30 days.
"Yep. Wouldn't that be nice?" I say, as I down another shot...
You don't need to convince me of what this company should be able to achieve. I just wish they'd behave more responsibly towards their shareholders. I've always said I'm here for the assets (divvy's are a bonus), and that hasn't changed.
Well, I can certainly believe that some kind of Kylon/Krong swap may have occured.
I'm a simple soul. Wouldn't it be nice for the company to send an open letter to the shareholders explaining the events of the past few months?
I know, too much to hope for. I've become so disappointed with the communication out of this company, that I feel I am becoming a little more Russian every day. You know what I mean: always expecting the worst, handling adversity with a shrug and moving on, sighing at the labrynthine mix of politics and business and assuming everyone is corrupt.
I need a shot of vodka.
Yes, but the home page used to have "Kylon" written over the picture. It no longer is.
It could be a clue as to how they acquired Krong. At least there's now an indication that they've given something up.
hey folks, I notice a change on the Aurus website. "Kylon (Maple)" is no longer listed on their "sites" link. Don't know what it means. Here are the possibilities I think it might mean, if there is indeed any meaning at all:
~ The Kylon license was sold for $$.
~ The Kylon license was revoked by the government.
~ There's been some obvious restructuring with Parkin moving to VP, and maybe Northern Ore (the owners of Kylon) got restructured out of the picture.
Whatever has happened, I for one am glad we no longer own Kylon, if that's the case. I've never seen Aurus as a mining company, but as an ore processing company and I wasn't sure what Aurus was going to do with the mine anyway.
Changes are afoot. It would be nice if they told us what they were....
I'm keeping track of a list of solid small growth plays to move into after my more speculative plays like AURC and CWRN run their course, for better or for worse. These are stocks with solid business plans, solid management teams, and little downside. So far I have:
ISBH (Solid business plan with distinct advantages to leverage - still some potential downward pressure on PPS)
GORO (Good prospects and a gold star mgt. team - PPS starting to get up a little high)
AUTO (undervalued compared to growth - current PPS shows a forward P/E of about 5. That will change)
LBWR (not sure about this one yet, but prospects look decent)
Thanks for the detailed update. I'm a little disappointed that the American bottling facility isn't further along, but I know it will come together eventually.
"Early part of 2007" I see. I don't forsee a lot of movement in this stock until that facility is built. Sounds like it is still a few months away.
When are they expected to have that American bottling facility built, do you remember?
The name "Krong", "150 miles outside of Moscow", and a patient international operator who speaks English and is willing to work with you should turn something up.
You'd probably have more luck making a long distance call to Krong directly...
If it is a cash divvy, the effect on the share price will be the same whether it is late or on time.
I've ridden this stock 8 months and through 5 months of silence. A late PR (if it is late) won't shake me off of this ride.
I bet we'll see a lot more promotion when he gets closer to making his first shipment, which is looking like April at this point. That's too far away to sustain any kind of marketing campaign right now. Bob used to publish the short lists and when the price started really falling, the number of shorted shares rose dramatically. He stopped doing it after that as it seemed to feed the problem rather than correct it. I suspect there are undelivered shares out there to the tune of 10 - 20% of the O/S, but until there are revs, there's not a lot of motivation for MM's to cover. And we all know the MM's only cover the pinks when they absolutely have to.
Bullit69, do you have any insight into what these trades are about?
The financials are not even being worked on. They have no revenue. You're flogging a dead horse.
I don't have visibility to the after-hours trades. Can someone fill me in on the details?
I wish I'd had the funds. I should be freeing some up shortly. Congrats.
It depends on whether or not you count the day the PR came out or not. I think it could be Wednesday and still not be considered late.
Now that's an excellent question. I've been in this stock since May at an average price of .25. Why would I stay in the stock this long at this high of a price point with so little information out there? Legitimacy and assets. I don't subscribe to 2create's theories of special governmental treatment for Aurus, but I do believe the company to be legitimate and to possess the assets they claim. Here's the key pieces of info that have kept me here:
~ The most reassuring DD I've seen (which has been posted here a few times and I don't have search capabilities so I'm not going to spend an hour looking for it) is an email exchange between a very trustworthy IHub member (Corvette Mark) and RSM Top Audit that took place in June. Mark was attempting to assertain whether or not RSM had actually completed a full audit of Aurus Corporation. The results were mixed, but to me the response confirmed most of what Aurus had claimed regarding Zabaikalgeoprom.
The gist of the response was that while RSM was in negotiations with Aurus for an audit, RSM had not performed an audit as of June. A follow up reply in July stated that RSM Top Audit was not licensed to perform SEC approved audits (having primarily Russian clients) with an SEC approved partner firm. This directly contradicted a May PR and caused some here, such as bobrainey, to leave (with an apparent bitterness that still lingers to this day...).
BUT, the emails did confirm many aspects of what the company had claimed. Namely that RSM Top Audit did help to form the business plan for Zabaikalgeoprom before they merged with the Aurus shell. Also, a Zabaikalgeoprom audit was completed by a different auditing firm on January 1, 2006 - confirming the companies finances (I assume these are the financials posted on the website - "unaudited" by SEC standards) and that the reserves had been accounted for properly by Russian Federation standards. This was enough for me to know that the company was legitimate and that their claims to that point were valid.
~ Another point of legitimacy is Monimpex's relationship with Nord Oil. While I don't like how the Nord/North-West Oil merger has been handled, the merger with another known and active oil company proved to me that Nord Oil was the real deal. This is circumstantial evidence that Monimpex is helping REAL Russian companies become publicly traded in America.
~ Also, Northern Ore Technologies and Kylon were listed on the Russian Federations recent list of mines that must start production soon or lose their licenses. Russia has since softened their stance on this and it provided more circumstantial evidence of the existence of the assets and subsidiaries.
I have not seen confirmation of recent developments (Krong acquisition and after) like I did early developments, but I have not seen any compelling reason NOT to believe. The biggest issue with AURC has been their lack of communication with shareholders.
AURC does not have a good track record on following through within the timeframes that they lay out, and this gives me the biggest concern about the news this week. I do believe a divvy will be announced (and it certainly seems like it should be cash), but the timing concerns me. This company needs to start communicating and honoring their own deadlines.
I'm here for the assets and I feel very strongly the assets are real. That value will be realized eventually. My hope is that Dovgan is committed to realizing that value and that the dividend is a kick-start to achieving that goal. This stock is a risk, but a GOOD risk compared to many pinks.
Thank you, Brent. I have endured many years of losses being a Saints fan and I know how they feel. Hard to believe it is possible for us to earn a first-round bye.
Let's hope for a re-match in the Superbowl!
I'm nervous as heck about the AURC divvy. I hope it turns out the best for everyone invested here.
The technicals mean nothing at this point. It's whether or not the company follows through on the timing and if the divvy is cash.
It will hold or climb until Wednesday afternoon.
If no PR by then, it will start to drop.
If a cash divvy is announced (at any time), it will be the beginning of a beautiful climb.
Good night and good luck...
But did they end up borrowing the money? I thought it was contingent on a listing on the Frankfurt Exchange and that hasn't happened. How did they acquire Krong in the first place? It's all a big mystery.
That's why the price is as low as it is.
The odd thing about AURC is that, although they are non-transparent, there as never seemed to me to be a pumping scheme along the lines of CDCH and SLJB. It could be starting now, but if that were the case I think they would have to announce a cash divvy. If it were truly a scam, then they could announce it and never pay. I don't think the volume has been high enough for the company to be selling a significant amount of shares into this run. There's a lot of flipping that happens when a stock doubles and the volume/price on Friday did not suggest huge selling pressure.
I just don't think the company is a scam. They may try to manipulate the share price (most companies do), but will they do it honestly is my question.
One side of me says that the new president Dovgan might actually care about running a public company and enhancing value (and is now giving it a kick start) and another side of me says it's too good to be true.
I just go back to why I invested and have held through all the hard times. I have seen enough to know this company has what they say they have (pre-Krong, at least). I'm in this company for the assets and nothing else.
Nice pic. The Saints game conflicts partially with the finale for the Amazing Race. The Amazing Race is the only non-sports, non-news show my wife and I watch!
Where's the justice?
And that's usually because pink companies do not have revenue. The stress on revenue in the PR suggests the divvy will be in cash, with a deliverable date a couple of months out.
If it's not, there will be disappointment and there will be selling.
I think buyers were just waiting to make sure this wasn't going to be a sell off by the company. I think we have our answer.
Yes, well, I have $50k invested in AURC at .25. I've been planning to shed some of that risk the next time it got over .25 and that opportunity may come tomorrow.
It is interesting that it is the Russian president and not Parkin putting his name on the PR's. If Monimpex's influence is truly reduced, as seems to have happened with NWOG, then AURC may behave in a very different fashion than NWOG.
What I might end up doing if this gets over .25 before the announcment is set up a stop loss and watch it very closely.
Good thing things are pretty dead for me at work this month. It will be very hard to focus. I made up $16k in losses today and hopefully I'll make up more tomorrow.
I am suspicious that the company announces dividends twice to build aniticipation before committing to anything. If this is a ploy to dump shares, I hope they do as good a job with this one as they did with NDOL. I will probably sell on any big spike over my average.
eik, what chance do you think we have that the AURC dividend will be in cash?
It does make her flinch...
I love it, 2c. You make absolutely no sense whatsoever!
I only ever expose myself to my wife!
Ha! I must have missed the PR about the presendential program as related to AURC. The only presidential program I see is leading to the removal of our Kylon license! he he...
2c, I seriously doubt the divvy will be much more than a penny. This is a young company that could use the cash to increase reserves, pay off debt, buy equipment, etc. I don't think they would take ALL profits and pay it out. A one cent dividend would be enough to remove any doubt and start sending this stock to fair value. That should be their objective.
You don't think we've gotten the point or what? You need all this affirmation and kissing of your buttocks if it turns out you are right? Why? What purpose does that serve other than to rub people's faces into their misfortune for the purpose of stoking your ego?
I know you don't like 2c, but I don't like you inflicting your pissing contest on the rest of us.
Yes, it should be a cash dividend. I don't care if it's .005, as long as it's money. If it's not money, they shouldn't bother. I know this comany is real.
You are truly pathetic.
Hey, don't run away from me yet! I trying free up money for more sub .002 shares. LOL.