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I don't get this, Vic. Surely they would have announced something today in the PR if there was any change to the stock dividend. Today is the day of record for the divy and they would have misguided investors if they were to cancel it now.
Agreed that the production news is a biggie.
Certainly a cash dividend will do it. SEC filings also but these are a bit down the road. There must be other things that can be done meanwhile to convince the market. Clearly the PR's are not generating the desired response. We get great news today and the PPS falls. What's that all about?
Good news indeed. Although the figures are a bit lower than some might have expected at least it shows that they are now producing gold. It also gives the present mill capacity and indicates that this will increase as new equipment comes on line.
I'm surprised that the market hasn't reacted more positively today. Just what will it take to get AURC out of the bargain basement?
Yes, that sounds very credible. We can't get Parkin on the phone so the multi-million deal is off. That'll show him.
The shorts are in a panic and frantically covering by buying at the bid. Ya think?
How do you know that a potential buyer was shunned six months ago? Did Parkin tell you that? He dropped a lot of hints to people about AURC being ripe for a buyout and top-secret JV negotiations going on behind closed doors but nothing ever materialised from all that. I'm not saying it didn't happen but it's just hearsay at best.
I see your point, Abbam. The assets you speak of consist of big piles of mine tailings. RSM have confirmed the content of those tailings and their metal value. That's what their audit of the assets consisted of.
AURC now has to reprocess those mine tailings and do so profitably. They tell us that they can do it and I for one believe them. Now we need to see some confirmation that will convince the market of what they've been claiming and give us the lift off we've been waiting for. The next PR will be critical imo. Enough of the fluff stuff.... show us the money (or the gold).
Actually we don't know that RSM - Top Audit are to be AURC's auditors going forward. They have done work for some of the companies that make up AURC in the past but the AURC accounts have not been audited by them. The accounts posted on the website are unaudited.
If AURC are to become fully reporting they will need to appoint auditors so that their accounts can be audited to international GAAP standards. They have not announced that such auditors have been appointed yet.
I understand how naked shorting works and accept that it has been one of the factors that has kept this stock from increasing to a fair valuation. As it's off the SHO list we know that the number of FTD's (air shares) is under 0.5% of the O/S so naked shorting is not a big factor at this time. That's not to say that the problem has gone away. It's up to AURC to work the shorts out of the way.
I think flippers are a bigger problem because this stock is now seen as a flipper's dream. They pile in with every bit of good news only to sell on any rise in the PPS and drag the stock back down again.
If you check the daily chart for AURC you will see that the CMF has been negative (red) for the past couple of weeks so there has been selling pressure coming from somewhere.
I'm not sure what your point is, Specbidder. I'm not denying that NSS is a big problem in the US markets. It's not the only problem however and all the ranting about shorts on this board is a distraction from looking at those other problems.
We know that AURC is off the SHO list and let's hope it stays off now so that we can concentrate on other things.
I've been long here for over a year now and the price is around the same level that I bought at a year ago. I believe that it is grossly undervalued and I'd like to see the company take the necessary steps to correct that situation. We all know what's needed. Just do it, AURC!
I've learned the hard way not to believe everything that is posted on message boards. Nothing personal, DOS. Numbers given by IR in a phone call to you or anybody else mean nothing imo.
Why did the company not PR the updated numbers? At least they could be held accountable for that.
We can all speculate about the figures but really we just don't know for sure. Numbers given over the phone by IR to some anonymous message board poster simply can't be relied upon. There is no justifiable reason for the TA to be gagged in my opinion.
You are mistaken, 2C. It is five consecutive settlement days according to the SEC:
"An equity security will appear on a threshold list if it meets the definition of a threshold security set forth in Regulation SHO, meaning that failures to deliver the stock (i.e. to the party on the other side of the trade) have reached an aggregate of 10,000 shares or greater at NSCC for five consecutive settlement days and are equal to 0.5% of total shares outstanding"
BTW I'd agree that the float must be a lot bigger than the 21 million claimed by Parkin/IR. This isn't trading like a stock with a very small float. I'd go further than you and estimate that longs here plus their associates hold more than 21 million. I don't find that a credible figure for the public float and I don't buy the FTD story either.
We both agree that greater transparency is the only answer. That means giving us facts about what they have achieved instead of what they are hoping to achieve in the future maybe.
How can there be anything like 30-80 million FTD's as you claim? AURC is off the Reg SHO list now. That means it is no longer a threshold security i.e. the aggregate fail to deliver position is less than 0.5% of the total shares outstanding. If we believe IR's figure of 134.8 million O/S that means that the number of FTD's is less than 674,000. That's a lot less than the figures you are coming up with.
In case anybody brings up grandfathering, that does not apply to AURC as it was not trading prior to Jan 2005.
As I've said before we've got to move on from waving the NSS flag and start looking at the real reason AURC is trading at 10 cents. I believe this has to do with credibility in the market and the only solution is greater transparency. I look forward to seeing that from AURC is the near future.
Can't be, Benz. AURC is not on the SHO list so very little FTD's right now. Why don't we drop this NSS game and look at the real reasons why we can't get lift off here.
I like your enthusiasm, Pedtv. Let's hope we get lift off this week as you say.
Newbies are usually treated with caution around here as you may have noticed. At least until they've shown their true colors which usually doesn't take too long. GLTY.
We'll have to agree to disagree on that one. To me the PR doesn't say that they have actually completed the purchase of the equipment i.e. taken delivery of the equipment and paid for it.
I really hope that has happened and that the equipment is working away at Krong and helping to produce lots of gold for the shipment planned for 12th Jan. We'll see.
So you speak Swiss, huh? I'm impressed. :)
I don't know about the Swiss dropping shares. In fact I don't know that they even have any yet as the last word we got from IR seemed to indicate that the company was still holding the 30 million shares for financing.
Somebody has been selling though and it's not the NSS either as we're off the SHO list now. It could be flippers moving on to greener pastures.
As for being "wurt alot of muney", unfortunately they are worth exactly what the market is willing to pay for them which is 11 cents right now whether we like it or not.
Many here tried to warn you, Coach, but you refused to listen. Remember...
When you lose don't lose the lesson.
GLTY.
If you read all the PRs carefully you will see that they very often use forward-looking statements, as this one does. They are going to purchase equipment.... doesn't say that they have done so. Same with the financing: they concluded an offering to NewConsult but that doesn't mean that they actually got any equity yet.
Note the disclaimer about forward-looking statements at the end of every PR. It's there for a reason.
How do you know they purchased any equipment recently? It's possible that Krong already had equipment when they acquired it. Of course if we ask for details of the equipment purchased and who it was purchased from we will be accused of pissing and whining by the pump crew. What's so difficult about releasing basic information like that?
Jeremy, you listening?
Ok sorry... language difference. You said "call to see if they are in" and to me that meant "in the office". You meant are they in AURC. It might be worth a try but I doubt if they would give out any details of their dealings with their clients. They might confirm that AURC is a client however.
Yes, it's 1 AM in Switzerland now so I'm sure they are still at their desks and willing to discuss their client's business with anybody who calls out of the blue.
Ah yes, the Swiss. Very smart. They were to release the first $2 million of the equity when the stock was listed on the Frankfurt exchange. That was to happen in mid-October 2006 if I remember correctly. So if we accept what the PRs say the Swiss aren't in yet.
Interesting how the pumpers and cheerleaders resort to personal attacks rather than deal with the issues here.
Thank goodness for that.
Now maybe we won't have to listen to the daily rants about the naked shorts and we can look at the other reasons why AURC is trading under 10 cents right now.
So why don't you try that and see if you get an answer?
The chances are you'll be referred back to the company like everybody else. The one time the TA gave out a number it was an out-of-date one.
Note to IR: if you want to increase transparency then ungagging the TA would be a good start.
Let's not confuse these guys with the facts, huh?
I agree that it's not all about the shorts as some would have us believe. Sure they are a factor but not the whole reason why we are trading at 10.5 cents after all this time. The company either delivers on its promises or we are toast.
The new IR guy has set transparency as a priority so let's see if he can come through with that in the near future.
You're right 2C, I'm not taking that possibility into consideration. Mainly because the company hasn't mentioned the possibility of such an acquisition. You appear to have some insider knowledge about these things though so I'm prepared to be pleasantly surprised.
I hope that you and Mrs 2C are having an enjoyable cruise. Maybe if AURC delivers as we anticipate in 2007 we can all afford to go next year. :)
1. Nobody here has seen their operations in Russia afaik which is one of the reasons why we are trading at 10.5 cents.
You either trust what the company is saying or you don't.
2. Uplisting to the OTCBB is realistic if the company follows through on its promises of becoming fully reporting. Again it's a matter of trust.
So how soon after the record date would you expect the additional shares to be issued? I would think a few weeks at the most, no?
The wording of the PR implied that the stock dividend would be AURC shares:
"Aurus Corp. announces that it shall give each of its shareholders on record as of January 30, 2007 a premium of one share for every ten shares held in the Company."
I suppose it is possible that it could be something else however. All the "related enterprises" are subsidiaries of AURC. AURC is the only publically quoted company so shares in a subsidiary would have no immediate value in the sense that they couldn't be converted into cash.
That's good. Thanks Vic.
I'm looking forward to much better days ahead for AURC.
Vic, will the shares that are issued to the insiders be restricted also? I assume they will be or there would be a sudden increase of 8.3 million in the float. That would be in addition to the additional 2.1 million that will be created anyway from the existing float.
Somebody mentioned the stock dividend happening around the same time as the Frankfurt listing so hopefully the Germans will soak up any extra shares that come to the market. I assume there will be a publicity drive to launch on the Frankfurt market.
Also no mention of Krong on the structure chart. My guess is that Dovgan is heading up the Krong operation.
They haven't updated the Russian management structure. No mention of the president and head of operations, Fedor Dovgan. Victor Feldbush is still shown as CEO.
It looks like Klyon has been air-brushed out of the picture. I wish they were up front about these things instead of us having to puzzle over what is happening.
Maybe they can call in OJ's lawyers too. They did a pretty good job.
MM's selling to cover? No comprende.
I knew you were just kidding, RU. I'll continue to voice my opinions regardless of what anybody thinks and hope you do the same. I know the value of free speech and I'll listen to all genuine viewpoints whether positive or negative and make my own mind up.
First of all I appreciate your positive upbeat message about the potential for AURC in the coming months. I agree that if they deliver on their promises and if the new IR can help to bring about a greater degree of transparency then the future is indeed golden.
I wouldn't have confidence that the SEC will do anything to loosen the stranglehold of the NSS however. Rule 3210 has been approved since last April and AURC is still on the SHO list nine months later. There appears to be no way of enforcing the requirements of the rule.
It's up to the company to work the shorts out of the way by delivering the goods. Production figures, audited financials, SEC filings and so on.... if these are delivered as promised then the PPS will take care of itself.