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This is indeed good news! What we needed to hear. I don't like that they waited so long to share it but at least it puts peoples fears aside that they went into a black hole never to return. Looks like AUMY may be legit after all and if good news continues all those that bought in on the cheap will be reaping the rewards in the near future. Patience is indeed a virtue because it's sure hard to be patient when it looks like the ship is sinking. Let's right this ship and set sail!!!! Go Aumy!
RENO, NV -- (Marketwire) -- 10/11/12 -- Itronics Inc. (PINKSHEETS: ITRO), wholly-owned subsidiary Whitney & Whitney, Inc., reports that it has staked and registered a total of 303 lode mining claims for Auric Gold & Minerals, Inc. (Auric) Fulstone Project in the Yerington Mining District in northwestern Nevada. The Fulstone Project is classified as an IOCG (Iron Oxide Copper Gold) exploration target. It is adjacent to the formerly operating Minnesota Mine which was originally developed for copper and which was mined for iron ore.
When, providing good news comes out, do you see it hitting $1? By next summer?
I remember when it was at $1.80 a few years ago just on pumping. Any real news should create a nice spike.
Lithium is used in many more ways than just car batteries. Plus, AMEL's potential gold opportunities could be a game changer once the start exploring. AMEL has the largest portfolio in terms of acreage that could end up reaping big rewards on any positive news. Like anything it's a gamble but it could be a huge play. At least for those that have the patience for it.
Wrong. If Obama is elected investors, entrepreneurs, etc...will be less willing to let go of their cash to invest in drilling, explorations, etc...due to fear of higher taxes and the state of the economy. If Romney is elected you'll see a confidence spike in start ups and new business opportunities. I think a Romney election would actually boost consumer confidence and we could see companies like AMEL feel good about pushing forward.
Any chance this stock could see .03 or so over the next year?
Any thoughts on what AUMY could run up to given any news?
What's a conservative guess on PPS if it runs positive?
Sounded like that to me but only extraneous land. Nothing that they would mine.
One more piece of evidence pointing to AMEL's inevitable surge. I believe this stock will make a huge run in the coming year rewarding all those that are buying in now. Go AMEL!
Here's to hoping this baby takes off. I believe we will be over a dollar by next spring.
I remember when it was at $1.80 a couple of years ago on just PR. Real news will make this stock soar.
Since they recently announced they are beginning the drilling phase we should know the results before the end of the year. Then when the news hits and PR starts in early spring AMEL will be a top pick and longs will be smiling all the way to the bank!
I am in long-term too. Sitting on 500K shares.
I truly feel any positive results from drilling will send this stock soaring quickly.
Good things come to those who wait.
Okay, I understand what you are saying now. I am holding on til it's +.03
May be a while but I have a lot of patience.
So in layman's terms?
I bet we are + .50¢ by this coming spring. Maybe well over $1 if drilling results have even the least bit of positive news. And given their location I think the results will be great.
No posts in a long time. Anyone still on this board?
Thanks for the encouragement. I am not selling anything and am going to wait it out as long as I need to. The way I see it I only lose money if I sell at a loss. If I don't sell, I don't really lose my money. I bet people that got nervous and sold with a 99% loss will kick themselves hard if Aumy comes back around in a while and they could have made their money back if not a profit. As long as the company is still operating there is hope! Stay strong. Go AUMY!
Well, if I can't sell the shares all I can do walk away for a while and keep checking back in on occasion. I've got 25M shares so worth just holding out to see what happens. At least my other stocks are doing well. This one was a long shot but could pay off big if any real news was to be had.
Once positive results from drilling are in this stock could really take off. It would be the biggest news to date. A couple of years ago pps got to $1.90 on just PR. With real news we could see those prices again and hopefully more. :)
Thanks for the info. Barring any PR campaign or good news I guess we're a ship without oars.
Guess I'll be sitting in the boat for a while. :) GLTA.
Does a no bid mean Auric is out of business now? Or could the stock come back on positive news if that happens or more PR? Just curious on if my investment is gone forever or there is a slim chance it could still pay out.
When do you think the next phase on Nevada will be announced?
I remember just a couple of years ago AMEL trading at around $1.65. What I would give to be at .50 right now. C'mon amel. Bring us some good news.
Let's hope that translates to dollars. I guess we'll all have to wait this one out and see.
Well I hope for many of us holding a lot of shares that we wake up one day and see a PR announcement that AUMY has the 60M in the bank and is moving forward. The stock would rocket up fast if that happened. In fact, and verifiable positive news would send the stock way up.
FROM REUTERS:
Based on planned mining and exploration programs, the Little Prince Mine is anticipated to produce up to 1 million ounces of gold, 50 million ounces of silver, together with bismuth, a strategic rare mineral; totalling more than $3 billion of potential production.
Plateau Mineral expects to make further announcements relating to the redeployment of operations and assets to the Mining Sector, together with progress on its mining acquisitions and joint venture development projects.
The Company had recently announced the signing of a Joint Venture Commitment Agreement with Homestead Tonopah Gold LLC to develop the St. Kevin Mine property; and the addition of Auric Mining Company to strengthen the team and resources available to successfully complete an ambitious 2 year drilling program that is intended to extend the proven gold and silver reserves on the property by as much as ten times, which would value the resource at approximately $1 billion based on current prices for the precious metals.
If AUMY was doing nothing I would expect there loses to be small too. But, if Aumy is moving forward there will be capital investment in research, drilling, etc...The loses could be the proof they are doing something. It would be counted as a loss on the books until profits were realized from their, hopefully, positive results. A company will always rack up losses in the beginning before it turns.
At least that's an optimistic view of why their loses have increased. I'm willing to accept I could be totally wrong. Here's hoping I am right.
If Liberty Media ends up taking control of Sirius what would that do to the share price?
Do siri shares have a better chance of going higher with Sirius or Liberty having control?
I know what you mean. I have over 17,000 shares of siri that I bought in the $1.80 range. I'm wondering if I should sell all now at its high point and rebuy if/when pps drops and pick up more shares. I would hate to sell now and it keep running up to $3. What to do, what to do?
I'd be thrilled it it ever got to .03
$33 or do you mean $3 by Christmas? Also, does anyone have any idea of what price siri could potentially be by years end if all the planets line up just right?
Any thoughts on what this stock could jump to if “any“ positive news comes out? Tangible and substantial news?
POSITIVE AMEL NEWS JUST ANNOUNCED: http://world.einnews.com/pr_news/104432536/amerilithium-otc-bb-amel-goes-for-gold
I've got no reason to sell so I'll hold tight for as long as it takes.
Really hoping this stock will see .03 or better some day. Maybe this year on good news.
What PPS do you consider it being big?
What does that mean for us that still hold stock? I am sitting on about 200,000 shares and decided a while back not to sell on negative news but hold out.
Will this stock ever see 1 cent again? 3 to 5 cents would be a big win. May take some time.
Based on that chart what is the average high pps each three months or so?
Yesh! Can it get any lower? Auric, if they are monitoring what shareholders are saying, need to release some news. Any news. If I would have invested what I did now at these prices I would own the company. C'mon Aumy, tell us what you're up to and I pray it's good!
If Auric is misleading people or isn't legit is the company about to fold and disappear or will it just lay low for a while and then pump later. In other words we can just hold our shares look to sell them down the road? Seems a better strategy than selling now for a huge loss. I'd rather risk holding for a while if it seems Auric will be around through the year. Or maybe they shock us and prove to be legit.