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Shorts-
How do you know you didn't buy some of the new shares issued
by USSE after 12-01-06. They diluted several hundred million.
So if you bought some of that you would have a problem.
Hey spec-
If you go back in time and read the PR's for November you will
see that they announced about 11/28/06 that "this is the last
day to buy the stock to assure a record date of 12/0106" or
words to that effect. So they announced the divided in November more than once, a record date of 12/01 and then no
ex-date for 5 months. Really a screwed up mess of a company
and glad I am out of it forever if thats the way they do business. So far based on their performance...I would not trust them with even a $100 contract let alone something worth
millions. Look at JR's track record of miscues....staggering
to say the least and this is the latest.
Hi Fed-
Yes that seems to be the case here in a nutshell-we shall see
over the next 6 months. GLTU
Hi Poker-
Wow I hope your estimate of .20C happens to work out.
I helped the cause today buying more at .0022 this morning.
What convinced me was their release of disclosures on pink
sheets.com...I really liked that information and it is rare
on a pinky to find. So we shall see how this all turns out.
I think you will do very well on your large investment here.
Thanks for the post Earlbo. Held shares since Oct.06 and
sold 12-18-06 and so I don't know if I will see anything.
Not counting on it though. GLTU
Earlbo-
Obviously you had the stock prior to Dec.1st...do you still
own it or did you sell it since that time? TIA
Hi Lurker-
Nice to have you on board as an investor in AURC-we need
people like you with this stock.
Also new to this stock and the board. Looked like a good
entry point yesterday and got filled within a couple of minutes
at .0017 and .0019 and was happy with that. Looking forward
to the news in the future. Have enjoyed reading your comments
the past couple of months. I am sure you will have many new
buyers coming on board soon. GLTA
Specbidder-I think they will quibble over each penny of the
buyout offer as it translates to at least $3.2M (or more
depending on share count) for each one cent in price. Alot
of money at stake here. Perhaps they will split the difference
at .615C I hope so anyway. GLTA
Yes, they should accept the offer.
Any word on what happened to the SSTP dividend that was
promised on Dec.1,2006 and more than slightly tardy?
And the last promise of April 15th by JR is history too.
Any explanations from the company? Please advise. Thanks
Jerrylee-
Right there could be som "wiggle room" there but I think the
Board of Directors will wait for an answer from Katrix and it
kind of sounds like they have painted themselves into a corner
on this deal rightly or wrongly.
I agree at .68C this is a "steal" for Katrix and whoever they
represent. At $217M (.68C) this represents less than 3% of
the apparently certified value of the mineral deposits on hand.
If they have 5M oz's of gold that is only $43 an ounce and
nothing whatsoever for the platinum and silver, let alone the
lead,zinc and other minerals. Heck it costs $15-20 oz. or more
to discover gold if you have a good property location and got it cheap to begin with. So Katrix has a good deal here no
question about that if the minerals are as stated in their Pr's.
Bought more today and will buy more tomorrow at the open.
GLTU
Hi Jerrylee-
Right but the press release states an "expiry date of April
30,2007 at 18:00 hours". Sounds to me like a legal contract
has been made that is time specific. Very possible that AURC
would need to wait until that counter-offer has expired before
entertaining any new offers. Reminds me of a real-estate
contract in which the offeror has a certain amount of time to
accept. I think AURC will keep their word on the terms.
Hi Benz-
With AURC's counteroffer publically on the table with a dead-
line of April 30th at .68C Katrix has an advantage right now.
They should be saying....lets except the counter-offer on the
30th and in the meantime buy all the shares available on the
open market up until acceptance. Thats what I would do if I
were them....they should be able to acquire millions of shares
below the strike price of .68C. We'll know soon enough by the
trading action...so they have 3 trading days to take action as
our market will be closed by the end of the deadline in Moscow
on the 30th.
Hi Michael-
You should keep in mind with your estimates what other gold
mining companies command for share price. Century Mining
CMM on the canadian venture exchange projects 10,000 oz's
per month with a similiar o/s share structure and trades
today at about .76C usd. They also have multi-million ounce
43-101 proven compliant resources so your price of $25 is
out of touch with with the value the market will give.
Ibreken-
Agree AURC's crediability has been shaky up till now and
given that and the market reaction to the offer they may
feel this is the best deal they can make. I think they
likely have a "real" offer but I guess you don't from
reading your post but that is in line with your take on
the company in the past. Maybe something has changed in
AURC land for the positive. I think so. The Board of
Dir. has quite alot to think over in the next 12 hours.
Given the market sentiment for the stock I hope they take
the offer.
Seeker-
I don't think the offer "sucks" at all. Disappointed
that it was not higher sure but if they accept it I
would be satisfied. The current market cap using 319M
share out is $38,280,000 at .12C. The offer at .38C
is for $121,220,000 or a gain of 217% from where we are
at the moment. A very nice gain considering where we
were last week at .05C with a cloudy offer on the table.
Given that I think it is to be expected the offer was
lower than we would like to see. Would sure like some
gold production numbers for the past 2 months though
if they reject it.
Lucllus-At least we have (apparently) a real cash offer for all
shares at .38C to work with and this should establish a thresh-
hold platform for the value of AURC. This works out to be about $26 an ounce for their stated resource of 5M ozs of gold
and nothing for any of the other metals. If they had solid
proven and probable reserves on a 43-101 type resource we should see $125 oz. This is a low-ball offer but it is far
better than the .05C this stock was trading at prior to the
offer.
If they reject the bid then at least shareholders will know
with some comfort the value which was offered as a legitimate
starting point. So, I think it was really worthwhile to put
the offer out on the table and it can only help us in the
future if the bid turns out to be from a creditable source.
Sounds like it probably is....I see it as a positive longer
term. If they take the offer we move on, if not we may have
a wait to see .38C again any time soon but $26 an ounce for
gold if the reserves are correctly stated is awfully cheap
right now.
The company is worth north of $2 per share but put me down
for .85C
Hi benz-I have been in and out of AURC for the past 8 months.
Now back in once more with 5 buys at .052, .055, .08, .12
and lastly for a few at .135 and this time I am making money.
Yes! The issues that had me concerned a few weeks ago have
largely been resolved in my mind and with a cash buy out in
the works to help establish some marketable value. I could not
stay out of the stock. My estimate for AURC is conservative
based on the following valuation I think:
5M ozs. gold @$125oz. $625M
1.3M ozs. platinum @$240 oz. $312M
65M ozs. silver @$3oz. $195M
Total=$1.13B -20% discount $905M
Divided by shares outstanding of 351M (inc.dividend)=$2.58 share. So I guess I will go with that number. Perhaps the
market will only give us 50% due to arbitrage so I look for
$1.29 a share until the deal is proven solid. GLTU I have
enjoyed your take on things.
Yep. No news on gold production for a month really got my
attention and then I realized what I could be dealing with here
and decided to bail. I hope there is gold production but I did
begin to doubt it and hey this is the pink sheets....enough said. Learned my lesson, no more pinks for me. Thanks for
your interest though and good luck to you and all here.
Hi cmzio-
Yes, a baby Yamana would be totally great as I have made alot
of money off it having got in originally at $4.80 a share in
late 2005. However Yamana was fully reporting for a couple of
years before they went from AMEX to NYSE and their management
team is definitely some of the best in the gold sector. Our
management team is.....lets face it a question mark but that is
why we are at .09cents for now.
The other thing we need to be in the same league with most gold
companies is 43-101 compliant resource estimates but I guess that is too much to hope for. I don't think an audit by RSM
will carry the same weight with investors that a 43-101 does
but it would be a pleasant surprise if it was given some
attention.
My big question is what is going on with the other mineral
resources that AURC has reported for Krong? We never seem
to hear anything about the platinum, the silver, and the
rest. Does anyone know if they can process for these now or
is that something which must be done again with another process? Yamana's last report was that their Chapada copper-
gold mine was producing so much copper that the cost of their
overall operation for gold was down to $100 per ounce. Sure
would be great if we had some production from the platinum
deposits to work with.
2create::thanks alot for all the time and effort you and your
wife are putting in on this stock to keep investors informed.
I am sure you would have more help with DD if it were only
possible for more of us to dig up information on this company
and I don't have my russian interpetor anylonger and that makes
it difficult to check up on things.
By the way, I think with recent news from the company this stock is becoming less speculative and risky since late Dec.
The PR's have really toned down on the sensationalism also which is a very good thing. At 10,000 oz's of gold per month
this company compares to Century Mining on the venture exchg.
and is scheduled to do about 100K oz's in 2007 w/ a 130mm
shares fully diluted....trading at about .57 USD. That is
about what I am expecting from here with audited financials
and the country risk factor thrown in.
I increased my position today by 30% and may do so again next
month if they end up with 4,000+ oz's for Feb. Thanks again
2create.
sometimes right-
Thanks for that informative post on where to find level 2's
on pink sheets....that is very helpful.
Hi Aces-
Yes that would be good. Everyone has the potential to find
something which is useful on this investment and by combining
many together we should have a clearer picture of what is going
on with USSE/USSP. So do what you can and so will I.
Hi String-OT
No, that one is not on my radar at this time.
rational trader-OT
Yes, martingale is the name I picked up from probability
theory of financial vehicles. Thanks for the point on
BQI, I am going to get some good scotch and spend a little time
with it.
I am watching USSE closely and waiting for a foundation to be
put in before adding more but I expect to do that in the next
few days.
You might want to check out smartinvestment.ca its our precious
metals club and we have some excellent people there and it also
includes energy. Thats where I heard about USSE....just a few
days to late to pick up the 10 cent shares.
Hi rational trader-
Thanks for your private mail and I am not a paid member and
usually hang out elesewhere but I have some thoughts about
John Stanton from the points you brought up.
First, good choice on your investment with the oil sands stock
you picked, a 10 bagger is a good start. I don't know anything
about this stock but I will spend some time looking into it.
I think in all liklihood the Stanton of USSE is connected with
EFTI, it would seem a logical assumption. However, all I have
to go by is what Marlin Molinaro specifically told me on the
phone today but I will call in tomorrow and dig into this some
more and at least get that straightened out. I agree with you
that the folks at Redwood Consulting definitely have a personal
and biased stake in the USSE story. However, I don't get the
impression that it is a pump and dump scheme at all with them.
They really have too much of a good reputation in the invest-
ment community to do something absurd like that...it would
spread like wildfire and their client base would evaporate.
But I'll check it out for certain.
I agree 110% with you that mhinsea's forecast of future
earnings for USSE needs to be deleted or modified to at least
be in line with what wallstreet resources is reporting. I think that it is full of errors and is likely to seriously turn off most investors who visit this site. I take the
wallstreet report with a grain of salt as well and I think that
is perhaps a best case scenario with USSE and I would be more
than happy if there turns out to be truth to their estimates
on future income streams. So, mhinsea, please get your own
estimates on the board in line with the published numbers
from wallstreet if you don't mind. That would certainly be an
improvement to this site and there is no reason to have such
numbers here when we know differently....thanks.
So, if enough of us bring this to mhinsea's attention perhaps
we can get this modified. I do think it would be good to spell
out wallstreets projected numbers as a starting point though for those who don't read the whole report of 38 pages. So, lets see if we can get some improvements here and stay on track
with the straight story.
I do think this board has definite value for digging up DD and
I hope that all the members will put in their two cents when
they discover something factual of use.
Lets have the hope that Bill Gates Cascade Investments hears
about USSE and looks into it. In fact that would be an ex-
cellent mission for this board. Something of that nature
would for a certainty push this story forward.
Hi kippykai-
Right, perhaps this is the John Stanton of USSE as the one you
are referring to. I would be happier if it was the Stanton of
western wirless corp. However, if I had 200mm+ shares of USSE
I would of course do everything possible to be sure it got off
on the right foot with the financing.
If in fact the Stanton of USSE is not a billionaire then I for
sure will talk to the president of Redwood about it tomorrow
and get that straightened out in a hurry. We certainly don't
need mis-information at this stage of the game here.
Thanks for the input.
Hi sackmeister-
Well that is certainly a question for this board to find out
about as that would make all the difference in the world here.
If the Stanton of USSE is this guy then we are off to the races. I noticed the other day that Bill Gates bought a 25%
stake in a bio-ethanol company this year in Fresno,CA. and it
went from $10 to $44 on the news and then tailed off to be at
about $16 now. So, news like that is nothing but good news.
So, we need to find out who really this Stanton of USSE really is to be sure. I don't believe that Redwood Consultants V.P.
would pump something like that with some solid substance to the
facts. He did say to me that the entire Redwood team which flew in for the demo, did go to the airport to greet this John
Stanton when "he flew in on his private jet" and they spent some time with him....so I think they have their facts straight
but it is certainly worth some more checking.
Hi rational trader-
Yes, you bring up some good points. I do not know the John
Stanton involved with USSE and was told by Marlin Molinaro
that he was, "worth in excess of $30 billion from more than
60 business ventures". So that is all I can tell you about
Stanton for now. I don't think Marlin would just throw that
out their with no foundation but I will check up some more on
that.
And yes, there are alot of people who got in at sub 1 penny
shares...lucky them but that does not change the dynamics of
what we have to work with now. When I was with AMD (Advanced
Micro Devices) our stock options were 1 cent and I have had
that type of pleasure several times in my working career.
I would certainly feel good about USSE if this Stanton is in
fact an investor with pockets as deep as explained to me today.
Until we find out differently I will have to take Molinaro's
statement and do a little digging. It would of course certainly help USSE to a large extent if this turns out to be
true...no doubt about that. However, I expect that high income folks will take notice of the company in due course.
The company has and is receiving calls from the investment
community on a daily basis and if this technology is everything
it appears to be this stock will be a winner for certainty.
I originally invested in the oil sands projects in canada
when many were skeptical and saw canadian oil sands go from
$5 to over $150 per share before it was recently split 5:1.
Anything with oil sands written on it now is extremely valuable and that includes small exploration companies which
staked a claim for land in the region. I view this company
as another opportunity in its early stages, the first bio-
energy company I have found an interest in.
If as presented this technology proves up there will be no
shortage of money available to fund its ventures that is for
sure. I think that if it were me, I would have taken USSE
thru the normal channels of venture capital formation and
then thru an IPO on the amex or nasdaq to begin with but it is
what it is at this point.
I invest in many precious minerals companies in canada and often they come out on the venture exchange in vancouver before moving on to the tsx exchange in toronto. So, I am
very accustomed to penny stocks which got there start there
and if successful did very well. Aurelian Resources, is a
classic ARU-V, on the venture exchange. In March 06 it was
a $0.40 stock and today it closed at C$39.75...they found a
large gold deposit in Equador in April. So, it can happen
that penny stocks do extremely well in that arena but it is
risky and we are all trying to find the next ARU but of course.
I don't know if USSE has the wheels to soar to those heights
but it certainly has something better in my opinion if this
all proves out....it is a risk...but that is why it is $0.41
today. Next year, a couple of years from now will it all prove
out? Has USSE discovered a gold mine like ARU...that is the
issue here and I presume that is the purpose of this board...to
dig out the facts from as many sources of information as we can
collectively find....that is what we do in canada and it works
well.
Hi Aces-
I think your questions about the patents are of course what
investors would like to know at this point but the description
of the technology in the report by wallstreet resources is
likely as close as you are going to get to discovery.
This afternoon, I had a lengthy chat with Marlin Molinaro, V.P.
of Redwood Consultants and this is what I learned:
1. The Redwood team was involved with USSE since April and so
they had ample time to get in on rock bottom shares prices and
they did so in a large way....personally.
2. The largest shareholder is John Stanton who it seems is
worth multiple billions of dollars from other business ventures.
3. Of the 500 million restricted shares, approximately 200mm
are owned by Stanton and approximately 200mm by Rivera with the
balance held by management/employees etc.
4. Before they can graduate to the OTC-BB as the next step
and leave the pink sheets behind they must complete and submit
audited financials which they are working on at this time. It
may take 3-5 months to make the switch.
5. They do feel that the companies shares are being "shorted"
from offshore or in other countries illegally and we will have
to bare with it until such time as we can move off the pinks.
Naked shorting could also be a problem on the OTC:BB but it is
less likely and on a more senior exchange such as Nasdaq or the
Amex, etc. is is alot less likely. So, being involved now with
the company on the pink sheets is one of the factors an investor must consider and be prepared with the volitility which will surely be a part of the story going forward.
6. I asked specifically if there was any timing estimates
involved for the patent pending decisions and they stated, no,
not at this time.....so that will remain an uncertainty.
7.I asked about the spin-off with USSP and was told this company will also likely start life off in the pinks and go
thru the same process as USSE.
8. USSP will be in charge of developing power plants in the
US and internationally using the Pratt & Whitney gas turbines
and that likely will take several years for all that will be
needed in the way of permits and financing,etc. to get them
up and running but they will be trying to "fast track it".
9. Marlin said that there would be more news to come and to
look for some very substantial developements from the company
in the coming months and weeks ahead. I got the feeling that
an announcement about the financing of the company is on the
agenda and perhaps a strategic investment from a large investor but that is just my take on it.
10. He was very enthusiastic about the stocks chances for
multiple gains from here and like me, thought the company was
just in its infancy at this point in time but with an excellent
chance to be a very large player one day.
I realize from reading the board here at Ihub that many of you
are looking for trading opportunities and your vision and time
frames are short. I believe that once the company begins to
mature, more and more real investors with longer time frames
will come on board and then the company will begin to realize
its potential. I think it would be a good idea though to take
some free trading shares and put them away for your future
though and not worry about the day to day trading ranges.
GLTA
Scottrade had no problems with it and I did buy under LFZA
and it was transferred at the close today. By the way, I have
an appointment in the morning to talk with Redwood and I will
post what I learn from those conversations.
Yes, quite a shock in the share price action today on my
account at Scottrade. Everything has been updated now to
USSE and its nice to see.
I'll admit this is my first venture in the pink sheets but I
think this company has promise. I do hope the allegations
about J.Rivera are found to be without merit as that is
disturbing to me and I am definitely not used to CEO problems
like that as I recall only to well the Enron days. I wasn't
into that one thank God but I was tempted.
If JR does turn out to be a shyster then he has certainly fooled alot of people here and has put himself in great legal
jeopardy to say the least.
I like the technology in question and it would appear to have
a good market appeal in todays market.
I will be calling Redwood today to check on a few things and
I will post anything I discover and I hope all of you will
continue to seriously check this company out. We might as
well know as much as we can about this investment.