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OT: Happy Anniversary to you and your good lady, Benz.
So both of our mods are German with Russian wives, huh? What are the odds on that, I wonder?
When we get listed on the Frankfurt exchange I'll be willing to say: "Ich bin ein Frankfurter". :)
No worries, Jannie. I got out too on the dead cat bounce but it has been a very expensive lesson indeed.
Best of luck to all who've come through this drama. Let's hope for a more prosperous 2007.
Don't take it so personally, Jannie. Let's face it we were pretty stupid to get caught by these two bit scamsters.
..."Why does the green mountain keep growing and the PPS doesnt?"
Good question, Benz. I'm celebrating the New Year here so maybe you'll give me a clue? My guess is you'll blame the NSS, right?
It just means that the company has finally realized that it is on the Reg SHO list. It has been there most of the past year but the company is "very positive" that no further naked shorting shall be allowed. Why it is so positive about that I have no idea.
Read about it here:
http://www.nasdaqtrader.com/aspx/regsho.aspx
I don't see how the dividends will prove that the shares are real and not air shares. In the case of the stock dividend the longs will find their share count increased by 10% while the shorts will find themselves short an additional 10%. This will happen whether the shares, long or short, are real or not.
If a cash dividend is issued some day then the longs will benefit whether the shares are real or not. Similarly the shorts will be liable to pay the dividend on the shares they are short, with a borrow or otherwise.
Hopefully the stock dividend will encourage shorty to cover but I have my doubts. A cash dividend would certainly have that effect however.
You haven't been drinking the kool-aid. :)
I see the AURC website (apart for the title page)is still down due to technical difficulties. It says they are restructuring the site so with any luck they might be updating it with more recent information. The title page still shows the Klyon mine which I'm not sure is still an Aurus property.
We obviously have very different ideas as to what third party verification means. News services such as Platinum Today just report what they are told by mining companies or find on the internet. I don't believe that they have done any detailed DD on AURC and to claim that this constitutes third party verification is disingenuous and misleading imo.
Dream on Pugdog. That's not third party verification. That's a website quoting the AURC PRs.
That 109 million number was suspect, Marc. Most likely an old figure that hadn't been updated recently. The figure in the Ibox is up to date according to IR.
Thanks for that, Vic. I certainly hope you are right about the dramatic upside move. There is plenty of scope for that with the present ridiculous valuation. Any increase in credibility such as a cash dividend would deliver should do the trick.
I expected to see a corrected PR with the share structure included. Perhaps they will wait until there is more news to report and include the share structure in the next PR.
Jeremy Krause/BDC don't seem to have much of a track record in IR or at least there is not much on the web about him. Let's give him a chance to prove himself over the coming weeks.
I sure hope you're right, Ruf. I could use a 10Bagger.
"I'm dreaming of a ten bagger
Just like the ones I used to know...."
:)
The very fact that it is on the Reg SHO list is proof that it is being naked shorted. It's not a matter of belief.
I see what you're saying but Vic was very specific about the shorts starting to cover on 26th Jan. I doubt that the prospect of a possible future cash dividend would spur them into action at that stage but I know Vic has a greater knowledge of how these guys operate so I'd like to hear his thoughts on the matter.
Good to see that you are more interested in discussing the stock instead of the personal attacks that some here favor.
Vic can you say why you consider the 10% stock dividend such a brilliant move and why you think it will cause a lot of the shorts to cover? It will cost them nothing out of their pockets and merely increase the number of shares they are short by 10%. Is that going to scare them, ya think?
Thanks Tom. That sounds reasonable. You're looking for verification of the claims in the PRs before you commit in a big way. I'd say a lot of investors feel the same way.
I've made my own conclusions already but I'd like to hear yours.
Hey just be quiet back there and drink your kool-aid!!!
Agreed. Despicable and most likely criminal also.
Yes we could certainly be talking about $3 plus when AURC is fully reporting and listed on the AMEX. This time next year perhaps?
I'd settle for $3.00 next year. We'd both be sitting on a million bucks then, huh? Just let me check.... down to 12.5 cents now. Looks like the bashers are winning again. :)
Seriously though to get to $3.00 we need just three things.... transparency, transparency and transparency. That means audited financials to GAAP standards, SEC filings etc. You know the score. Nothing less will get us there.
I could care less what anybody thinks of me including you. I'm here to discuss AURC and how we as shareholders can help to improve the companies image and credibility.
We both have our own ideas how best to go about that. Constant pumping on this board has not helped and it's about time a different approach was tried imo.
Certainly it applies to pinkies as well and AURC has featured regularly on the SHO list.
Is it enforceable? Unfortunately not. It is a toothless regulation at present. There are plans to upgrade it but I have no confidence in the SEC at this stage. They are a captured regulator and are part of the problem rather than being the solution imo.
That is why I am asking what plans the company have to tackle the NSS problem. Sitting back and waiting for the SEC to solve the problem just won't work.
The biggest blow the company could deliver to the shorts is to declare a CASH dividend. Hopefully that is something we will see in the not-too-distant future.
Like 99.9% of Ihub posters I have no intention of posting my real name and exposing myself and my family to the possible attentions of some of the lunatic fringe. Does that prove that I'm a basher/shorter/flipper? Get real, man.
You need to do some reading. Here's a good place to start:
http://www.sec.gov/spotlight/keyregshoissues.htm
Don't let it put you off posting, Westcott. We need balanced views here and those who seek to silence legitimate questions are very misguided imo.
I've come through a painful experience on another stock where exactly the same tactics were used on those who raised questions. They were repeatedly attacked and ridiculed. Yet today the stock is seen for what it really is and the so-called bashers have been proved right all along.
I'm not painting a bad picture of the company, Pug. I'm just being realistic about the reason this stock is at 13 cents today. Nothing would please me more than for the stock to take off to da moon. Ain't gonna happen without transparency and that is what we've been promised today.
I ilke to think that the company was responding to the issues I raised earlier but that's probably just my ego showing. I posted most of my comments before the PR was issued if you care to check.
As I've said I welcome the developments today and I look forward to a much improved flow of information in the future.
I'm not interested in playing your games, Tim. I know who you are and you seem like a decent guy. You come across as a pumper however with your constant attacks and agression towards anybody who raises questions. I know you are just trying to protect your investment but that is counter productive in my opinion. After more than a year we are back at the same PPS that we were 12 months ago.
Surely you can see that we need a more effective approach in the future? That's why I'm calling for more transparency from the company and I'm delighted with the developments today and I hope it is a sign of better things to come.
I've been open here with my AURC holdings and personally have 332,700 shares at present. Similar to your own number, no? Family and friends bring my total up to over half a million. I held over a million myself at one stage but reduced my holding during the five months freeze on news. So does that qualify me as a REAL investor?
I just wish you and 2C would stop this ridiculous habit of accusing everybody who doesn't toe the party line of being paid by hedge funds. I wish I was! I've never shorted a stock in my life and I'm pretty sure my broker doesn't allow anybody to short a pinkie.
Now can we drop the personal attacks and get back to discussing AURC?
Attacking those who raise questions is par for the course here I'm afraid. Some people lose their objectivity when they think that their investment is under threat.
Why not address what I am saying if you don't agree with it instead of attacking me. That seems simple enough to me.
What I have found from painful experience is that pumpers are far more dangerous to your financial health that bashers can ever be.
A basher can frighten you into selling too soon and losing a little money. A pumper can cause you to lose everything you have invested however when the stock he has pumped is unceremoniously dumped and tanks to zero.
We do well to beware of both bashers and pumpers on these boards.
Yes Westcott you have put your finger on the reason we are at 13 cents today instead of 13 bucks. Lack of credibility in the market. That is what we are hoping the new IR company will address very shortly.
Agreed. So why do you think we are stuck at .13 then?
I wasn't referring to fair market valuation. EPS has nothing to do with that as you well know. Increase the O/S by 10% and they need to increase the earnings by 10% to keep the EPS level. They seem to be indicating that they can do just that and good for them.
GO AURC!!!! TO DA MOON!!! Fifty bucks a share coming soon!!!
(just to keep you and 2C happy)
I was working from your annual figure for gold production and noticed that dividing by twelve didn't give the monthly figure you quoted.
All we know is the cost of production which was given at $217/ounce. We don't know what price/ounce Aurus will get for their gold. That depends on what arrangement they have made with the bank. It is likely to be less than the spot price but we don't know for sure.
Right that is the record date and the shares are usually issued shortly after that. They haven't said how soon yet.
As many have pointed out it costs a company virtually nothing to issue a share dividend so the question of whether they can afford it or not doesn't arise.
Neverthless I see today's PR and the share structure as posted by DOS as very welcome developments indeed. I knew the 109 million figure you had posted in the Ibox was not correct but 134 million is still pretty good.
Don't forget that the O/S will increase by 10% on Jan 31st due to the stock dividend. So they need to do 10% better than their projections just to stay level.