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Aurus Signs Agreement With Manufacturer for Equipment to Increase Its
Existing Production and to Commence Operations on Existing Sites
NEW YORK, NY, Sep 28, 2006 (MARKET WIRE via COMTEX) -- Following the funding
which was put in place last week, Aurus (PINKSHEETS: AURC) has concluded an
agreement to purchase equipment for its mining operations. The supplier is one
of Japan's leading manufacturers of mining equipment.
The purchased equipment includes bulldozers, loaders, excavators, motor graders,
dumpsters, crushers and generators.
"This equipment will permit us to increase production at the Krong mine as well
as commence operations at our other sites," says Mr. Parkin. He adds, "Following
the acquisition of Krong Ltd., we are in an excellent position to use their
technology to process our huge gold reserves of tailings."
About Aurus Corporation
Aurus Corporation is a publicly traded mining holding company with several
precious metal properties with over 7 million ounces in gold reserves, trading
under the ticker symbol AURC on the US Pinksheets market. Aurus seeks to
continue acquiring proven gold and other precious metal reserves in Russia and
other emerging counties and operate its mines through joint ventures and/or
partnerships.
Important Information About Forward-Looking Statements
All statements in this news release that are other than statements of historical
facts are forward-looking statements, which contain our current expectations
about our future results. Forward-looking statements involve numerous risks and
uncertainties. We have attempted to identify any forward-looking statements by
using words such as "anticipates," "believes," "could," "expects," "intends,"
"may," "should" and other similar expressions. Although we believe that the
expectations reflected in all of our forward-looking statements are reasonable,
we can give no assurance that such expectations will prove to be correct.
A number of factors may affect our future results and may cause those results to
differ materially from those indicated in any forward-looking statements made by
us or on our behalf. Such factors include our limited operating history; our
need for significant capital to finance internal growth as well as strategic
acquisitions; our ability to attract and retain key employees and strategic
partners; our ability to achieve and maintain profitability; fluctuations in the
trading price and volume of our stock; competition from other providers of
similar products and services; and other unanticipated future events and
conditions.
Contact:
Gerald Parkin
President
Aurus Corporation
gparkin@auruscorp.com
514-591-3666
www.auruscorp.com
SOURCE: Aurus Corporation
CONTACT: mailto:gparkin@auruscorp.com
http://www.auruscorp.com
Polyus Gold is presenting at the Denver Gold Forum. You can watch the webcast for free at the following link if you feel like learning about mining gold in Russia.
Maybe they will anounce their buyout offer for AURC?
Fat chance but you never know.
http://events.onlinebroadcasting.com/denvergold/092506/index.php?mode=1&sel_date=3
Anybody know where 2C or benz is? We could really use some moderating here.
Or how about westeffer, rook, airdale1, bobs23, sagan, brikk, and others? Any of these guys still around?
Ya no kidding. GP being vague as usual. How a company can announce a $10 mil. offering and not deliver terms of how many shares at what price is beyound me. Assuming that this NewConsult Ltd. Swiss Private Equity Fund is legit, this has to be seen as very good news. But not knowing terms will keep the usual cloud of skepticism hanging over AURC's head.
Sigh.
AURUS Concludes US$10 Million Offering to NewConsult Ltd., a Swiss
Private Equity Fund
NEW YORK, NY, Sep 25, 2006 (MARKET WIRE via COMTEX) -- Aurus Corporation
(PINKSHEETS: AURC) announced today that it has concluded a $10,000,000 US
offering to NewConsult Ltd., a Swiss private equity fund.
According to the offering, NewConsult Ltd. will proceed to fund an initial US$2
million upon the company's listing on the Frankfurt Stock Exchange, which is
expected by the middle of October and will continue to fund the company's
operation for a period of 48 months. NewConsult Ltd. has also received a right
of first refusal for any subsequent funding of up to US$50,000,000.
"The funding by NewConsult Ltd. will enable us to immediately increase
production and purchase all the equipment needed to mine our reserves," said
Gerald Parkin, President of Aurus Corporation. "The $10,000,000 funding can
easily turn into a $50,000,000 financing based on our performance and the price
of gold and in return create substantial value for our shareholders,'' further
added Mr. Parkin.
About Aurus Corporation
Aurus Corporation is a publicly traded mining holding company with several
precious metal properties with over 5 million ounces in gold reserves, trading
under the ticker symbol AURC on the US Pinksheets market. Aurus seeks to
continue to acquire proven gold and other precious metal reserves in Russia and
other emerging counties and operate its mines through joint ventures and/or
partnerships.
About NewConsult Ltd.
NewConsult Ltd. is a private equity fund based in Zurich, Switzerland, which
specializes in undervalued commodity assets.
Important Information About Forward-Looking Statements
All statements in this news release that are other than statements of historical
facts are forward-looking statements, which contain our current expectations
about our future results. Forward-looking statements involve numerous risks and
uncertainties. We have attempted to identify any forward-looking statements by
using words such as "anticipates," "believes," "could," "expects," "intends,"
"may," "should" and other similar expressions. Although we believe that the
expectations reflected in all of our forward-looking statements are reasonable,
we can give no assurance that such expectations will prove to be correct.
A number of factors may affect our future results and may cause those results to
differ materially from those indicated in any forward-looking statements made by
us or on our behalf. Such factors include our limited operating history; our
need for significant capital to finance internal growth as well as strategic
acquisitions; our ability to attract and retain key employees and strategic
partners; our ability to achieve and maintain profitability; fluctuations in the
trading price and volume of our stock; competition from other providers of
similar products and services; and other unanticipated future events and
conditions.
Contact:
Gerald Parkin
President
Aurus Corporation
gparkin@auruscorp.com
514-591-3666
www.auruscorp.com
SOURCE: Aurus Corporation
CONTACT: mailto:gparkin@auruscorp.com
http://www.auruscorp.com
Copyright 2006 Market Wire, All rights reserved.
-0-
SUBJECT CODE: Manufacturing and Production:Mining and Metals
Russian Gold Miner Expands Ambitions
http://biz.yahoo.com/ap/060918/russia_gold.html?.v=1
Monday September 18, 8:33 am ET
Russia's Biggest Gold Mining Company Unveils Plans to Move Into World Top 5
MOSCOW (AP) -- Russia's biggest gold mining company, OAO Polyus Gold, unveiled a 10-year plan Monday to become one of the world's largest gold producers, the chief executive officer said.
The company's board approved a plan to triple its output to 3.9 million ounces and boost proven and possible reserves to 68 million ounces by 2015, he said. Under the plan, some $3.4 billion will be invested to acquire new assets and licenses in Russia and overseas.
ADVERTISEMENT
"Our strategy will elevate us from a top-10 to a top-five global producer," CEO Yevgeny Ivanov told a conference call.
Newmont Mining Corp. is currently the world's biggest producer, with an output of 6 million ounces forecast for 2006.
Polyus was spun off from zinc and palladium miner Norilsk Nickel in March and is majority-owned by Norilsk's owners, billionaires Vladimir Potanin and Mikhail Prokhorov.
Polyus' board also approved changes to the budget that will allow a $1 billion share buyback program, scheduled for the fourth quarter of this year, after which the company plans a listing on the London Stock Exchange either at the end of this year or the first quarter of next.
Supply coming from the PPP
Parkin's Printing Press, just kidding.
Actually I have no idea, but the action is noteworthy and forced me to rejoin the board here.
I suspect some of these Manipulative Market Makers are accumulating before they push the price back up again where they will flip out of their shares for some crazy high gains.
The only question is how high they will take it before they do. I'm not selling mine until it makes me a millionaire in the $6-$7 range.
Yes, I think I arrived at my initial opinion a bit to hastily in the interest of getting the post up faster.
It pained me to see this as I've seen severe consequences for other companies from similar news from other countries like Venezuela and Bolivia.
After looking into the issue futher, it becomes obvious that things are different here, but I just hope that everyone is wise enough to see it that way.
People run for the hills quickly, especially in pinky land, but luckily most here seem to be pretty cool headed.
It wasn't an issue that was going to send me anywhere but long AURC, but it is still something to keep an eye on.
It looks like this doesn't apply to our deposits, but the action is disturbing nonetheless.
I don't like this one bit...could be a factor today.
http://yahoo.reuters.com/news/articlehybrid.aspx?storyID=urn:newsml:reuters.com:20060619:MTFH28383_2...
Russia could bar foreigners from owning 70 deposits
MOSCOW, June 19 (Reuters) - A new Russian law could classify 70 oil, gas and minerals deposits as "strategic", putting them out of reach of foreign ownership, Interfax news agency quoted Resources Minister Yuri Trutnev as saying on Monday. Under a much-delayed law on subsoil use, Russia plans to make it illegal for enterprises that are not majority Russian controlled to take ownership of large fields.
Originally the law was expected to name six vast assets, including world-class gold and copper deposits as well as huge oil and gas fields.
But Russia has moved to strengthen state control over its energy sector and President Vladimir Putin has said he wanted the law to be beefed up, with more fields deemed "strategic".
Last week, Trutnev said he wanted to slash the threshold for energy deposits to be "strategic" to 70 million tonnes of oil or 50 billion cubic metres of gas, far below the original quotas of 150 million tonnes or 1 trillion cubic metres.
"We have proposed new criteria on the size of reserves for classifying a field as strategic. The new criteria substantially enlarge the list of oil and gas fields," Trutnev told Interfax in an interview.
"Now, if these criteria are used, around 30 oil fields and 40 gas fields will be classified (as strategic)."
His ministry was also proposing cutting the threshold for gold from 700 tonnes to 50 tonnes and for copper to 500,000 tonnes from the previous 10 million tonnes, Trutnev said.
But he said that even with those criteria, the list would only contain one gold deposit -- Sukhoi Log -- which was always expected to be classified by the law. The lower limit on copper would mean three copper deposits would be "strategic", he said.
$1+ by the 4th of July?
=
Hey guys, I've been gone for the past 2 weeks. I really don't feel like reading all of the posts since I've been gone, so if someone wouldn't mind telling me about anything relevant that has happened in that time, I'd really appreciate it. A quick look at the chart shows to me that we are about to start a massive run-up. If I had more cash, I'd be buying hand over fist right now. JMO tho. TIA
Just saw the news and heard about this company for the first time. Looks interesting, I'll be back. Hi all.
OT: I downloaded scottrade's "Elite" platform. It allows you to track as much as you want.
You are in the wrong sector. Gold and silver stocks are on fire today, 69 green out of the 71 I watch. Too bad AURC won't join.
UP TIME!
Still works for me
http://www.marketwatch.com/News/Story/Story.aspx?guid=%7BDF4F1F7C%2D23C4%2D45F2%2DA990%2D6EB7C60568C...
I'm prety ignorant about this NDOL crap though.
I'm an AURC investor and care about gold, not oil.
I am thankful for the silence. I've been too busy to read the board since mid-Sunday, I'm sorry I wasted my time in doing so. Out of the 300 posts or so I read to catch up, I found only one worth reading, and it was 2C's DD post about NDOL, was not even about AURC. Please calm down and stop all the childish whining all. It wastes everyones time. I realize this post adds to that for now, but I post it only in an effort to reduce it in the future.
Thanks guys for the mostly positive replies. Right now I have no interest here. I just thought I would share what I could about the brief meeting I had with the CEO. I've looked at this before and decided not to invest in the past for a reason I forget, but I will do some DD again and see what happens. It seems by the chart that I made the wrong decision in the past, but that doesn't mean I won't change my mind. This puppy may have much further to go.
Yes, I am in several metal stocks, always looking for another. IPMG may the next one. If so, I look forward to getting to know all on this board.
Have a golden weeekend all!
Didn't talk about it. I actually didn't fully realize/remember who he was until he left and I looked at his business card. If I would have realized I would have asked that and much more. Perhaps I'll get the chance again.
The only snippet of our short conversation I can give you is about the quality of his business card. He apologized for it, saying he had to get some new ones made while he was in Cambodia or someplace. Looks like good enough quality to me LOL. Is that where this company mines? Cambodia? It may have been a different country he mentioned.
No, I looked at it once though. May be worth another look.
You guys proabably won't believe me, but I just met your CEO/President Brian Robertson. What's really going to piss you off is that I'm not going to tell you how/why I met him because I don't want to reveal who I am.
Seems like a nice guy though. Only chatted for a minute.
OT: Priceless post over at NDOL... http://www.investorshub.com/boards/read_msg.asp?message_id=11196195
EMAIL FROM PARKIN. We had a phone conversation that went really well and he sent me this email.
From Gerald Parkin parkin@monimplex
Dear Mr. Steele
Please tell all of those girls on the investorshub to keep their panties on real tight. I get hundreds of emails a day from them bitching at me. If I wanted this much bitching and moaning I would have stayed with my ex-wife. The lawyers sent us the financials and we are going to use them to light up our Cuban cigars and celebrate the boat load of cash that we are all going to make. For those that have sold I am sorry and I regret that you are an idot and will regret this. For those of you who did not. Wait until Monday's PR, then when the stock hits $3.00 by June 1st cash out some, buy a bottle of Jack, some cigars and a couple of asian prostitutes to work out the kinks. Then when this stock hits $5.00 by mid July, use that cash to fly to Rio for the weekend and get hammered. I wish you all the best.
Gerald Parkin.
P.S. GO NDOL$$$$
MGM Mineral Resources Signs Letter of Intent to Acquire the "Manantiales" Property in the Province of Antioquia, Colombia
Friday May 19, 10:22 am ET
TORONTO--(MARKET WIRE)--May 19, 2006 -- MGM Mineral Resources Inc. (Other OTC:MGMX.PK - News), a precious metal mining company focused on the development of producing properties internationally, announces that preliminary discussions have enabled them to sign a Letter of Intent in the acquisition of the Manantiales property.
ADVERTISEMENT
This property is located at the northern end of Colombia's central Cordillera, just two kilometers from the other MGM property, La Esperanza. Just like La Esperanza, this future promising land is contained within a gold producing belt, which stretches for over 150 kilometers from Sanata Isabel in the south through Remedios and Segovia to Zaragoza, l Barge, and Caucasia in the north. The region remains and always has been a major contributor to the national production of gold and silver. The area is currently seeing an influx of activity and interest from mining companies around the world, which made it very difficult to lock up the Letter of Intent, due to the overwhelming demand from North American and European gold companies.
"We are very pleased with how our negotiations are proceeding," stated Kenneth Lamb, President of MGM Mineral Resources. "Our due diligence has been moving forward at a rapid pace and we expect to have a definitive agreement in place very soon. If our estimates are correct, this operation will deliver considerable value to our holdings."
The Manantiales mine consists of an area measuring 24 hectares and 4645 square metres. In preliminary studies by our new Lead Geologist, this mine is smaller in both size and probable reserves than our La Esperanza project, but, recent studies indicate that the gold is of higher grade.
"If all goes as expected with the Manatiales project, it will join hands with La Esperanza mine to become the cornerstone of MGM's precious metals holdings," concluded Mr. Lamb.
The company expects to sign the acquisition agreement by end of May 2006, if not sooner.
About MGM Mineral Resources
Metro Gold Mines Mineral Resources S.A. is an independent precious metal mining company engaged in the acquisition and development of an impressive portfolio of exploration and production properties internationally. The Company's staff consists of economists, senior geologists, mining engineers, and experts in environmental management, all of them with extensive experience resulting in the best knowledge to explore and develop the interests of the company.
www.mgmmineralresources.com
FORWARD-LOOKING STATEMENTS:
This release contains forward-looking statements within the meaning and pursuant to the Safe Harbor provisions of the Securities Litigation Reform Act of 1995 and involve risks and uncertainties that may individually or mutually impact the matters herein described, including but not limited to product development and acceptance, manufacturing, competition, regulatory and/or other factors, which are outside the control of the Company.
Contact:
For further information please call:
MGM Mineral Resources
(905) 704-8026
Let's end the week STRONG!
It's a weird feeling sitting on my hefty (it's all relative) stock position here. I feel so fortunate that I got in as early as I did and yet I also feel so fortunate that I can buy more at these ridiculously low levels. I hope that all of us here will keep in touch after AURC makes us all millionaires (for thoe that already aren't) and the story is done. Perhaps I will start a board name "the next aurc" and all the terrific posters here can share their ideas there. Regardless, I've already much enjoyed the ride that has only just started.
Nice move so far today to .33, but on low volume. Any insight on this fact?
2C... my contact with Bema is on my long list of things to do. Unfortunately I don't have the time to devote to this I would like. If anyone beats me to the punch please let me know.
Nice work. I had considered doing the same with Barrick or Bema gold since they are already in Russia but thought it would be a waste of time. It appears I was likely wrong since you seemed to get a good response from Newmont. Kudos.
yahoo.brand.edgar-online.com/default.aspx?cik=1073785
molyseek.com
Great articles on moly, GPXM, and partner wex.v
Here is how I look at it...
Take our market cap of roughly 30 million and divide it by our gold reserves of roughly 4 billion. You get 0.75%. So in that matter the price of gold only effects our share price by 0.75%. The other 99.25% is due to other factors like the ones gold100 mentioned, mostly the risks of being a pinky IMO. Once our market cap equals our reserves, the daily price of gold will have a greater impact.
A good example of a pinky that is trading closer to the value of its reserve is SRLM
I watch roughly 100 quotes real time, pretty much all of them are gold and silver stocks. All but 2 are in the red right now. I am using it as a buying opportunity, and I feel lucky that I got it. Last chance to get in cheap IMHO.
OT: I hear that it was both made of solid silver and also specially polished. It is not just the silver that gives it the shiny look, it is the special polishing, but the car still is made of solid silver rather than steel or whatever else they use to make cars. I hear they even had to manufacture special tires to support the weight. If I am able to afford this car and drive it in the U.S., I think I will also be able to afford a couple of tickets becuase my car is too shiny LOL.
Nice action so far today on AURC. Hopefully we can close above .40. That would certainly keep a smile on my face this weekend.
Why would he bother? $31 is closer to our fair value than $3.10 IMO
Thanks HB (and the others that have PMed me), I welcome your thoughts, no buy for me yet there, still doing DD.
I hope you say that sarcastically, because you are surely the one that wil be proved to be nuts if you think that statement of yours will actually come true.
I guess no one so far has cared to take the effort in my proposed endeavour, but I must point out that the chatter I see at the MGMX board over the past 2-3 days is much like the chatter I remember seeing here when I bought this gem at .025. I don't want to clutter this board with this subject, so I will stop posting about it now, but as I said earlier, I would very much aprreciate any input from the terrific minds here.
This thing (MGMX) could very well follow the AURC pattern of going from .03 to roughly .40, even though AURC has much more to go than just .40 IMO. .435 is the actual high I think, but that won't last for long!
Wondering if I can query the great minds here about what could potentailly be the next AURC. AURC still has a long way to go and I still hold a good amount of shares, but I am not as bold as some of you and like to diversify.
One I have been looking at is MGMX http://www.investorshub.com/boards/board.asp?board_id=5636 After falling yesterday to as low as .03, it rebounded today and may finally be on its way up.
There are some briliant minds here and I would very much appreciate any input.
They are a Columbian gold mining company, my initial DD has so far given me this:
Here is their 211: https://www.otcstockinfo.com/repository/626506/626506_FR1.pdf
They tell me the float is 180,000,000 shares.
Thank you very much in advance to the very informed minds here who choose to respond.
Use this, but take out the spaces and the above will show:
Crap, doesn't work, PM me your email and I can send the code to you if you want.
2create... The FMNJ board http://www.investorshub.com/boards/board.asp?board_id=2957 has up all of the charts you are looking for. Perhaps investigate there.