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I've been trying to sell my position now for a week, but was only able to sell about a quarter of my shares for .27. I won't sell any lower than .26, where I've been sqatting at the ask this week. Someone else has undercut me today at .24. Harumph.
I just think that we'll get mixed news this month about the acquisitions and the share structure and I was hoping to step to the side until the dust settles. Unless there's any news that leads to a buying jag, I think I'll have to live with what I've got.
I still like the company and I think they will succeed, but I foresee pain in the short term while they get it going. Meanwhile I have another stock that I feel is at bottom that I'm trying to free up the funds to buy. I may have to look elsewhere...
Never a dull moment, eh?
bobrainy,
I can't reply by PM. Suffice to say that I have asked many hard questions in the 8 months that I have held this stock. The answers have all proven to me that I have no reason to doubt this company's claims. Their licenses are recognized by the RF and Top-Audit has directly confirmed Aurus's acquisition of Zabaikalgeoprom. Kylon was just verified again by the RF that Northern Ore owns the license to Kylon.
It is you who chooses to focus on the fickle changes of share price, and not facts, to make your empty claims. While I acknowledge the rather poor job Monimpex has done in promoting this company and getting the word out, I have been able to personally verify a majority of what this company is about.
You seem to think we are all sheep doing what 2create tells us to do without being capable of independent research, thought, and decision making. I have been extremely critical of 2c's "research" as being mostly circumstantial. But the core facts of what the company has claimed is verifiable - notwithstanding 2c's interpretation of what those facts imply.
And yes, I know Parkin said Top Audit had audited Aurus when in fact they had only officially audited Zabaikalgeoprom two years earlier. I'm okay with that. It's the only mistatement that has been made.
Bob, you post the same message over and over. "The share price is low, so it must be a scam." That's all you ever say because you have done NO WORK to verify anything yourself. I have no respect for you, what you have to say, and how you say it.
Why do you think I'm picking on you instead of asking the hard questions about Aurus? How condescending and self-important can you be? I'm simply doing as you do, drawing conclusions about the evidence in front of me.
And yes, I can do that, AND do real research as well. By your low expectations, I must be exceptionally talented!
I don't even need to look at the chart to know if AURC is down on any given day. I just have to look for the post from Bob rubbing our noses in it. Thanks Bob for never missing an opportunity! You're a prince.
Geaux Saints!
Sorry, Brent, but being a Saints fan, I harbor a natural loathing for the Cowboys. It's in my blood.
Here's to a great game where the student Payton returns to face the Master.
That was me picking up 900k at .0019. If it drops lower, I WILL be averaging down.
Signed. Thanks.
Yeah, but Warren Buffet would also never invest in pinksheets he didn't personally have a hand in...
I saw an interview with a retired economist who used to be an economic advisor to the Nixon administration. He had some very scary facts to share. The total US is spending 7% more than the total GDP. This is the highest gap in history, and about double what it was in the early 70s. The Chinese are supplying both the goods that we're buying, and the money that we're buying them with. It's a scary scenario. We've been living on credit for a long time, and unless the economy continues to expand, it'll all come crashing down. 7% is a very steep figure to overcome. The 'fixes' that the economist recommended are common sense (mandatory savings program, fix medicare and social security), but will never happen until the country is in crisis.
The current Republican congress spent 45% more than the previous Democratic congress.
Expect the dollar to continue to fall. Foreign investments are looking better and better.
That's interesting. Northern Ore and Kylon are listed as separate divisions on the Aurus website. Maybe Kylon is only one of Northern Ore's holdings?
Kylon always seemed like an odd bird for Aurus anyway. Since all the rest of the holdings are tailings, I wasn't sure what they were planning to do with an actual mine. I actually don't see Aurus as a mining company.
You might have more luck contacting Polyus. Polyus is the former gold-mining division of Norlisk that spun off and started trading independently about five months ago. All of the contacts in the gold industry probably left Norlisk with Polyus. You should try both. Both trade on the Russian market and on the pinksheets. These companies are both gigantic, so most likely your communications will get lost. But why not try?
I come up with errors when trying to translate with Babel fish. Do the articles actually name who the license holders are? At this point, Aurus would gain more by being publicly recognized in the media as a license holder. What Aurus lacks is third party confirmation of their claims. If these claims are shown to be legitimate, then it could actually help Aurus in the long run.
Also, is there any indication of what Northern Ore actually IS?
I hope so. Next week is when I'm allowed to buy again. My tax loss is officially in the bank.
guess not
Hey eik. So here's where you've been hiding! Decided to become a paying member I see. I need a big gainer before justifying that step. I enjoy hearing your thoughts on things and will stop by here now and again.
NWOG is going from odd to downright bizarre with the proposed Danziger acquisition. Scaring a lot of people off. They STILL haven't announced the finalization of any of their proposed deals, except the Syrian depot which will cost them money in the short term. I do think the company is legit, but the rumored dilution to 900 million and ill defined strategy is keeping me out for now.
I agree with your assessment of AURC. Since the Canadian connection is likely to remain, AURC must take other actions to separate themselves.
I hope Bob stays under cover for these typhoons. If he gets killed we're all sunk! (8^>)
Hey folks, thought I'd throw another update out on my stocks, since I seem to invest in a bunch of stuff not many people here do. I haven't had a good autumn, but I'm feeling bullish on the spring.
AURC: Starting to look up. All this company needs is some third party confirmation on their holdings and this will fly. Now that revenues are being generated, they should consider doing AF's. But a lot of Russian companies trade on the pinksheets to save the expense of AF's, so if that's not the plan, they need to establish some kind of JV with a trusted partner, or validate their presence in Russia through legitimate media. Biggest concern: I'm still not 100% sure if this company is dedicated to creating shareholder value.
CWRN: The 6 for 1 split has occured. I have advised on this board not to buy and to keep watching. I think the time to watch is nearing an end. I plan on buying up all I can at .002 or less (if it gets that low). I think an off take agreement with a large Chinese steel mill will be announced in January, which will include financing without dilution. Production will likely start in the April to May time frame when the road is built. I feel certain this will be trading over a penny this spring.
SUUB: I'm trying to sell. The last 10q suggested that more shares will be issued to raise $8 million and to complete the proposed acquisitions. This is a legitimate company that is building a presence, but I think the recent fall in value is the company trying to raise that $8 million. I'll wait until the dust settles on the near term happenings and look to get back in. I'll use the money here to buy CWRN.
NNRF: I feel good about this one, although I'm disappointed they did not begin filing in November as promised. I won't buy any more until they file. This could fall if the delay is significant.
GBDX: Boy was this a mistake. I'll hang in there, though. If it gets anywhere near my buy in price of .021 in next few months I'm out. The company has got to stop issuing more shares...
I'm still bullish on AUTO and GORO as safe small growth plays, but I don't own any.
If you are buying tomorrow for a potential short gainer, I would buy NWOG. I think AURC will probably pull back after today's gains unless they follow up quickly with more PR's.
If you are looking to keep your money there for a bit of time, then I'd go with AURC, but wait for it to fall below .12 before buying. With the tighter share structure and, at this time, clearer game plan, AURC should get you a better return through the spring.
That's what I think, but I'm having a dismal autumn stock-wise, so I wouldn't take my advice if I was you...
Nucon has until tomorrow to meet their commitment to become reporting in November. If they don't file by the end of the week, expect this to drop. I hope they make it.
Machiavelli, looks like you'll have to wait until January for the big news. Frankly I'm relieved since I'm not allowed to buy any shares until December!
Wow. Someone sold a big chunk....
Ah! Thanks.
So what does it mean that restricted shares will be "mailed by the TA?". I'm going to get paper certificates in the mail? Weird. What would I do with those?
Actually, it could be good news. It could be an indicator that the A/S will only be 1 billion post-split, and not 1.8 billion. Might be an early indicator that the A/S will be reduced
(Pinksheets only knows what the company chooses to tell them. I think that if the company called pinksheets to update the A/S on 11/10, then it would account for post-split numbers. Otherwise, what would be the point of updating pinksheets right before a split?)
I confirmed the A/S directly with the TA, which is far more reliable than pinksheets.com, on Nov. 10th. I'd believe the TA myself.
Oh, I don't doubt it. I've lost $20k on this stock this year. I think I'll be able to make it back in sub-penny land.
I got an update from the TA on Friday about the share structure:
Authorized Shares: 300 million
Oustanding Shares: 107 million
Free Trading Shares: 25 million
Multiply these numbers by 6 and that's what it will be come Monday.
Obviously the O/S has increased 40 million since CWRN started trading. I'm not sure how much of that increase occured during the fiasco with the PR folks when the price fell from .50 to .10, or how much occured after in the fall from .10 to .02.
About 28 million of the dilution was in restricted shares, so those haven't been traded, but the float has doubled.
I am aggressively waiting. (8^>)
Yes, yes. I understand the rules and risks. Staying on top of all of these companies and hanging on every PR is a bit wearying, I'm finding.
If nothing else comes of this foray of mine, at least I'm learning a lot about recognizing value in small growth plays. Once I sell out of my current pink positions (or zero out?), I'll probably stick to the OTCBB or higher.
I'm not playing with more than I can lose, but I'm playing with enough to worry about. I decided about a year ago to throw $50k into the ring to try to beef up enough to buy a house in the Bay Area (which would require me to put down at least $400k to buy into a decent school district with a manageable mortgage). Mostly thanks to the run up in May of NDOL, I was up pretty well on stocks that I had sold ($27k gains, $3k losses), that is until I decided to take a $20k tax loss on CWRN to save myself about $5k in taxes. So I'm running a bit underwater these days. My largest single investment is AURC. Next time it runs over .25 (my average) I'll probably free up about half my shares there and spread the money around a bit. I was going to give myself up to 3 years of high-risk investing to try and make this work. Almost 1 year is up and I'm getting nowhere fast. Maybe NDOL had unbalanced my perspective. I certainly think NDOL's action has made people gun-shy about AURC.
Brent, thanks for this board. It is a refuge from the madness.
I don't think there's any concern these companies are a pump and dump or illegitimate in any way. I'm not a shareholder, but my concern with the delay would be that the companies did not get offers that would benefit the shareholders at the current price and are trying to get more. I suppose there's a chance the offers are sooo good and they are working out the details of each, but I guess I've grown more pessimistic in this world of pinks...
Good luck you guys. I hope the best for you.
I am more curious for details about the acquisitions than I am about the sales...
Yes. Definitely.
Yes eik, that is something I've learned in the pinks over the past year as well. I seem to do better when I actively trade the crests and valleys than just sitting on a stock. When CWRN resets to practically nothing after the split, I will certainly be actively moving in and out as it climbs back up. I have a lot of money to earn back there.
The pinks will make me a day trader yet. I long for the days when my shorter term financial goals are met and I can go back to investing in companies that I have no doubt about the existence of.
All it will take is for AURC to announce a JV with a name people recognize and trust (Polyus? Bema? Barrick?) and I'll probably meet most of my goals in one day. I wonder when the rumored non-disclosure will be disclosed.
I have a standing sell order in at $3 a share in case I miss it... (8^>)
I don't question anything you've said oakleaf. You know, finding out how many shares people have doesn't tell the whole story. Those who bought in under .10 may have a lot more shares than those like me who first bought at .55 (and I know some bought in even higher), but have less money at stake. I could have gotten 25 times the shares today for the money I first paid into this. I don't like to think about it.
I've sold all my shares that I bought into my brokerage account except for my last purchase, which was 90k at .028. I intend to buy back in post-split with a much better price average and I intend to trade shares in the ups and downs to maximize my holdings. If there's one thing I've learned investing in pinks over the last year it's that active traders tend to do better here than people who just sit.
I have additional shares in a couple of non-taxable accounts, but I'm afraid to look at how many. I'll probably be more active in trading those stocks post-split as well.
But my flips will all be geared toward rebuying and increasing my holdings here. I think this stock will see a lot of volatility over the next few months - more up and down, rather than just down. Got to take advantage of it.
Man, I hope it doesn't come before Dec. 4th. I would like to benefit from the news with some fresh funds. But so be it. I've become fatalistic with this stock.
What a strange day! It was like everyone was suddenly all out hunting for scams and calling out this and that potential scam. SLJB and GBDX and GOIH all got slapped around with it. Other stocks like CKYS and SPRL seemed to get a slew of new investors who had exited other stocks. It will be interesting to see how all of this plays out.
Expect news after the split, but not before.
If you have questions for Bob, I recommend you ask him yourself. He has replied to every email I've sent him.
Why ask us to do it?
No one is saying there isn't any sellers. Hey, I sold! (but I still have some in the pocket...)
Post split, we'll be out of room to go down. I don't like it, but what am I going to do? Be skeptical, sure, but why deride a stock that you want to recover? Doesn't that go against your interests? We all know the history of the share price. We've lived through it! Who exactly are you enlightening and for what purpose?
I know the answer! The price is still too high for you.
You want me to answer your "simple" questions? Okay. I'll do my best.
So if the stock price has to go lower before it goes higher, how much lower can this go, since we have already seen $0.013????
I do not know. I cannot see into the future.
BTW if the "so called news a commin" was good, wouldn't we see a price rise in shares, rather than a neutral affect(same range but huge volume)
I do not know. I do not have magic powers of clairvoyance into Bob's mind or the minds of other traders.
and what does everyone think that a contractual agreement will do to this stock price over the short term, till they get paid????.
I think it will depend on where the financing comes from and which steelmaker they create a sales agreement with. If the steel-maker is an established name, the stock will react positively. If not, the stock will not react at all. I do not have magic powers of clairvoyance into Bob's negotiations. In either case, you are right, nothing sustained will come out of it until they get paid.
Why would people be dumping out 1 million shares for example??,
I do not have magic powers of clairvoyance into the minds of other traders.
are the sellers positioning someone else?,
I do not have magic powers of clairvoyance into the minds of other traders.
are they getting rid of a "problem position"?,
I do not have magic powers of clairvoyance into the minds of other traders.
are the shorts winning the battle??
I do not have magic powers of clairvoyance into the minds of other traders.
Is CWRN are the point of "on going discussions" or "negotiations", because both are different for both news releases and updates (material changes have to be announced just to let ya know).
Neither an "ongoing discussion" nor a "negotiation" is a material change and both mean the same thing.
where does one seeing the share price rise to based on a nr to this effect mentioned in previous posts?).
I do not know. I cannot see into the future.
You asked one answerable question in your post.
You still haven't answered my question. Are looking for a price to buy, or get out? People who create different ID's and personas for different stocks and stoke fear (always HOPING to be wrong of course)in my experience are only looking to buy at an ever lower price.
Don't worry scumbag, you'll get your wish.
Well, I just did a little math to reaffirm my valuation on this. As long as this is not a scam, and we've had a lot of good, reliable people on this board confirm some key aspects of this company so I don't think it is a scam, we should be in pretty good shape.
Let's assume they sold the diamonds for $1 million with 20% net profit. Let's also assume 400 O/S. With a P/E of 10, that would put the stock price at .005 for already realized revenue. Given that they have a larger shipment coming and will continue to do business over the course of the year, I think anticipating 2 million in profits from over 10 million in sales is very achievable. They should be able to pick up at least half of that between now and Valentine's Day. 2 million in net profit would support a share price of .0625. I'm not calculating revenues from other sources because those other sources have yet to be confirmed as part of the publicly traded entity. But if those are verified as well, this will go much higher.
All very reachable. The valuations here are good. The company needs to be more informative about their executives and full operations and the price will take care of itself.