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hahaha, i just wish my whole order was filled.
I'm thinking about donating the money I make on this one to the local animal shelter or something.
Holding strong at $250.
and whoever talks to him, ask him what Monimpex's other projects are and if/when we can buy into them.
My buy at $0.30 yesterday went as a sell, but I think that was because it was a limit order that went through when $0.30 was the BID. I'm going to start paying the ASK.
A lot of the emotions from NDOL's merger instead of a buyout are fading.
This company is feeling real good again.
I realize that most of you haven't gotten as far as even understanding how Nord Oil/Monimpex work, but for those of you who have, follow this link,
http://www.oilonline.com/oilcapital/neft_1_1005.asp
Notice how it talks about NWOG trying to buyout other properties. I highly, HIGHLY HIGHLY doubt there was any inaccurate information portrayed by NDOL about the buyout.
If I were the majority shareholder (entity that owned the oil in the first place) I would not sell my oil so cheaply either.
I'd go as far as to guess that they are the ones who are supporting the new acquisitions.
I read somewhere that Highland used to be the company that was financing Zabaikalzoloto. In other words, Zabaikalgold. This was the name of our first major acquisition before it became privatized...
So I HIGHLY doubt they aren't fully aware of who Aurus is...
That's all from me today.
Take a look at this, notice that it's out of date. The new Highland site doesn't mention anything about Zabaikalzoloto (Zabaikalgold/Zabaikalgeoprom)
http://www.highlandgold.com/hgm/company/corporate
No, Heartbeat, it actually only reinforces my "pet theory". Use my personal email if you want me to go further (vfbassist84@hotmail.com)
But this is still a good thing.
If it's any consolation to any of you, I have done about 700% on NDOL since $0.137, and although I got out at $1.23 because I saw too much speculation, I bought back today at $0.70.
I feel I understand how this company works completely, and I can say with a lot of certainty that the people who say "don't worry" are right.
Once this moves up a little we'll see the daytraders start shedding.
Also I like how the Germans are always upbeat (in reference to the earlier post).
I sincerely hope that Parkin or whoever is writing the 8k for NDOL/NWOG EXTENSIVELY proofreads it. Anything at all will be gobbled up by fear mongers as bad.
They need to understand that they would be doing the company more good by issuing a PR saying "It is hot today." on a confirmable hot day, than by issuing a PR saying "We has billions in gold;"...
Has anybody considered that it isn't the MM's or NS ers at all?
When you place buy limits at the sell price, it apparently registers as a sell. So when I bought more at a limit of $0.30 today, and I got filled when the Bid was 0.31 and the ask was 0.30, it registered as a big sell.
Maybe we all just need to pay the ASK???
It would be nice to get above $1 or $2 or whatever the cut-off is for having to set Market orders instead of Limit orders.
There's no reason whatsoever that this should have not seen significant green today. If it was really the grammer that scared people off, then well, we need to get off the pinks and soon.
Has anybody confronted management about their sloppiness today?
I'm happy to announce that I'm once again a proud owner of Nord Oil stock.
$14,000,000,000 has a lot of zeroes on it....
OT-- Rumor has it that Parkin just confirmed AURC's short-term goal of also being listed on the OTC BB.
Sell on grammer--you're idiotic
Buy on $14 billion of oil-- you don't have to be intelligent either
If Aurus ever hits $8,000 a share i'd probably soil myself.
and we want people to doubt the old financials. They didn't accurately reflect the situation. I'd rather let people know that we didn't owe $4 billion than carry on with people thinking that we have insurmountable debt.
Only be concerned if you're a flipper, because this was their way of getting that information on the website out to the general investing community.
I put a large order in for 0.04 and only got 5000 from a partial fill. Now after the stock has shot up I have a relatively pathetic holding in it.
Valued by the market is different than true value. Would you sell a ton of truffles for $35 just because you bought them for $20?
I don't think it was the MM.
Daytraders have a hold on this thing so they buy the secon news comes out, then sell for a healthy profit. Once they've done this we're cleared to move up.
I almost doubled my position here today and started buying back into NDOL too.
WOW!!! Just checked this thing!!!
Good STUFF!!!
There are two things certain about Aurus,
1. Daytraders/flippers will ALWAYS mess with the PPS until we leave the pennys,
2. THEY HAVE TONS OF GOLD!!! (Although I'd also happily take the silver alone)
Notice the publication date. Russians can now privately own subsoil resources, but the marketing to North American markets restrictions still stand, as far as I know...
A little lite reading on Russian law.
Pertaining to Federal Law № 2395-1«On Subsoil» of 21.02.1992
GLOBAL MINING UPDATE
SEPTEMBER 1999
Russia: Licensing of Mining Projects
Author: The Global Mining Group
Western companies looking to invest in Russian mining projects soon encounter an intimidating, confusing and sometimes contradictory assortment of laws, regulations, decrees and orders issued by any number of federal and regional governments, authorities, committees, commissions and administrators. However, some general principles can be extracted providing an overview of the licensing of Russian mining projects.
Relevant Legislation
Russian mining legislation consists of several principle acts and various decrees, orders and edicts.
The most important act is Russian Federation Law No. 2395-1, “Law on Subsoil”, which entered into force in April, 1992 (the “Subsoil Law”). The Subsoil Law provides a general framework for the licensing of exploration and mining rights. The Subsoil Law was amended in 1995 to include transfer procedures and a procedure to reissue subsoil licences and was further amended in February, 1998. Another important act is the Statute “On the Procedure for Licensing of Subsoil Use” which became effective in August, 1992 (the “Licensing Statute”). The Licensing Statute established an administration system for monitoring and enforcing compliance with licence conditions.
One of the more important recent enactments was Russian Federation Law No. 41-FZ, “Law on Precious Metals and Precious Stones”, which entered into force on April 7, 1998 (the “Precious Metals Law”). As the name implies, the Precious Metals Law regulates the exploration, mining and processing of gold and silver and precious stones and subsequent transactions involving those minerals.
Under the Constitution of the Russian Federation, resource matters fall within the joint jurisdiction of the federal government and the various administrative and territorial divisions of the Russian Federation (referred to as “subjects”). This adds another layer of regulations, orders and decrees as well as another level of administrators, committees and agencies. A mining company may find itself dealing, for example, with the federal offices of the Committee for Geology and Natural Resources (“Geolkom”) in Moscow as well as a regional department of Geolkom in, say, Vladivostok on different aspects of the same project.
Ownership of mining resources
Minerals in the ground, or “subsoil resources”, may be owned only by the State – there is no concept of private ownership of minerals in the Russian Federation. Indeed, subsoil resources are characterized as “State-owned property” and, by law, cannot be privatized. In addition, resources, and the rights to use those resources, cannot be traded, pledged or freely assigned (except for certain limited circumstances, such as production sharing).
Again complicating the issue, the Constitution of the Russian Federation divides the ownership of minerals in the ground between the federal State and the regional subjects.
The ownership of the minerals, once extracted, depends on the identity of the mineral being extracted. The Precious Metals Law provides that, once mined, gold and silver (along with any minerals extracted at the same time) are owned by the licenceholders. For other metals, the position is less clear. Under general Russian law, extracted minerals belong to the licenceholder while the amended Subsoil Law provides that ownership is to be dealt with in the particular subsoil licence.
Types of mining rights
Generally, the following types of licences are available:
•Geological survey licences: These licences are granted for terms of up to 5 years. However, these licences are normally not exclusive and do not give the holder any priority right to a development licence.
•Development licences: These licences are issued for a maximum term of 20 years. Development licences give the holder the exclusive right to explore and develop a deposit.
•Where the development of a mining allotment requires further geological surveying, a combined licence may be issued for a maximum term of 25 years.
Although the practical effect is still unclear, the Precious Metals Law introduced the requirement to obtain “general licences” to conduct operations in particular “spheres” of the gold, silver and precious stones sectors. For example, if the project includes the “processing” of gold and silver ore (eg, refining gold and silver from concentrates), a separate general licence may be required.
Granting of mining rights
Subsoil licences are normally issued by way of tender or auction. Two issues to be aware of are whether the particular agency conducting the tender or auction has the jurisdiction or delegated authority to do so and whether the proper formalities have been observed. A lack of authority or non-compliance with the tender requirements could invalidate any licence.
Arguably, the Subsoil Law prohibits the granting of a single subsoil licence to more than one entity. Therefore, traditional western joint ventures should probably be structured as shareholder agreements with the joint venturers holding shares or interests in the Russian entity which will hold the subsoil licence. In establishing the Russian licenceholding entity, the following matters will need to be kept in mind:
• Because of the foreign investment aspect, licences will need to be registered with the Moscow office of Geolkom even if the tender was conducted by a regional department.
• The Precious Metals Law requires that a licenceholder develop the deposit with its own facilities, manpower and other resources. This places a limit on the ability of the licenceholding entity to “contract-out” for mining services.
The investors will also be subject to Russian legislation including, among others, the RF Law “On Foreign Investments”, the RF Law “On the Securities Markets” and the RF Law “On Production Sharing Agreements”.
Taxation
Of course, Russian tax legislation (both federal, regional and local) will have a major, perhaps determinative, impact on any investment decision. Taxes on mining projects include profits and income tax, value added tax, property tax, customs duties and excise taxes, payments for natural resource use (akin to a royalty), road use tax and many others.
Gold sales
The Precious Metals Law provides that the State Fund for Precious Metals and Precious Stones of the Russian Federation (“Gokhran Russia”) has a pre-emptive right to purchase gold production provided that, among other things, Gokhran Russia concludes a preliminary sale and purchase agreement with the mining company. The local or regional level of Gokhran has a second-ranking pre-emptive right. If Gokhran Russia, and Gokhran at the local level, declines to purchase the gold or silver, the holder of the subsoil licence may sell it to the Central Bank of the Russian Federation or to an authorized commercial bank.
Conclusions
It is an unavoidable cliché that the Russian legal system is in a state of flux. New regulations, decrees and orders are frequently proposed and, occasionally, enacted. Sometimes these enactments are in conflict with earlier regulations and it is not always clear which is to prevail. Adding to the confusion are the following complicating factors:
• The various administrative agencies often develop their own interpretations which are not necessarily consistent between agencies.
• The regional and local authorities have joint jurisdiction with the federal authorities and, from time-to-time, enact legislation or issue decrees complementary to, but often conflicting with, the federal regulations.
• Sometimes copies of regulations, orders or decrees are simply not available.
• It is often unclear whether regional departments of the various committees had the jurisdiction or delegated authority to grant the licences or permits issued by them.
A complete overhaul of Russian investment and mining laws would be desirable. For the foreseeable future, any such reforms must obviously take a back seat to dealing with the country’s political and economic crises. In the meantime, it is possible to work through the various laws and agencies and with hard work and persistence obtain the necessary licences, permits and approvals to explore and develop Russian’s mineral potential.
yes, it means indefinitely. The owner of these shares is the same entity that shot down the $2.17 buyout offer. They wouldn't be stupid enough to turn that down then dump their shares.
That's not even taking into account the fact that if they sold them it would defeat the whole purpose of even going public through Monimpex.
I've been doing DD extensively on this and AURC since I got in here at $0.137 and I can say with 99.99% certainty that you're all in a very good position right now.
I'm not trying to pump or anything but what if they decided to buyout after all and the only reason why it didn't go through before is because they weren't satisfied with the price they'd have to pay to buy the 10% on open market? The sale late in the day today would speak for that.
Again, just wild, WILD speculation here.
i'd give it at 6 for AURC and a 9.9 for NDOL.
That's right. I don't know if Putin personally gave the individual the oil fields, but it was part of a privatization program in Russia.
The restricted shares won't be sold. It's not a question of 'probably not' and 'most likey not", they will not sell the shares.
This is because these restricted shares belong to the entity that enlisted Monimpex (parkin, makarov, etc.) to go public in the first place.
They can't legally have access to U.S./North American markets unless they do it in that way--- by merging into a "shell company" and maintaining control by having the majority shares.
somebody on some obscure board (hotstocks maybe?) said that they emailed Parkin and he said not to panic if it isn't there by Monday. He said it would for sure be there Tuesday morning and that they had been working all weekend on it.
he was also quoted as confirming that the big long-term liability isn't money owed and that it's an account balancing thing you do when the minerals aren't fully developed yet.
Expected news could be:
-Completion of new acquisitions
-Production Increase
-Financials Footnote/Correction
-JV
-A picture of a massive nugget of our gold
I contacted the company that used to finance Zabaikalzoloto in Russia when it was state-owned. Zoloto, in Russian, means gold. Therefore this is the former Russian name for one of our major properties we have now, "Zabaikalgold", now "Zabaikalgeoprom".
I will report what I find when they respond.
Did I miss the cheap shares? I need to stop eating lunch.
they worked all weekend to get the stuff together, be patient.
parkin's 'hints' always seem to be right on too... he actually probably shouldn't give them in the first place.
Either way, I know where my Sirius that I sold earlier is going.
:) : )
hahah i don't doubt that Parkin did talk to you on his cell phone from his car. He seems like the kind of guy who would do that.
I agree, we should be okay for today, and when PRs come out, shorters will be Danza Slapped.
...do a Google search on "Danza Slap" if you don't know what I'm talking about.
i'm kidding, i don't expect to miss the $850 soon unless we become best friends with Iran/Venezuela/Nigeria
we're going to see $250 gold by the end of the day. Luckily we'll still be 500% undervalued hahahahahaha
set your sell limits HIGH!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Ronnie, I don't believe this to be a vague issue AT ALL.
Think about it. If no new shares were issued, then NWOG would basically be giving Nord all their assets for absolutely nothing.
You can think of it as NWOG seeing Nord and saying "hey, we want our company public too, help us by merging!"
Our pps before the merger was estimated at $2.17. We have estimated pps at $2.17 for the shares we have now. When NWOG merges, they get enough shares issued to them so that their shares are also equal to $2.20 pps.
It's $2.20 pps now instead of $2.17 presumably due to economies of scale/voice.
They bring more assets to the table, so they get 59% of ALL shares. Our 41% of the total shares represents the amount of NDOL shares issued now. Nothing is going to change with them except that we have a new name, more economies of scale, and a better market presence.
And whoever said it is right, the daytraders had this thing by the balls when it announced the merger. This wasn't bad news, just news that shifted the interest in the company from flippers to investors. That transition will take a little bit of time to fully complete.
i don't know why you guys are even talking about this.
They said explicitly that we're keeping all our shares, which are valued at $2.20 per share, and NWOG people are getting 300 something million shares. They came up with that number to issue NWOG because that's what would make theirs $2.20 pps also.
Don't forget, even though NWOG is having new shares issued to it, they are directly proportional to the amount of value they bring/add.
So we're looking at increases in economies of scale and publicity with the merger, nothing more. The stock is only worth a little bit more than before the merger because of this, that pps being estimated at $2.20.
Last week's emotions are behind most traders/investors, and we have a new week. Given the news expected for Nord, I'd say that Monday or Tuesday would be an excellent time to get in/back in, if you aren't in already.
I sold mine right after the merger news at $1.23, but I'd be willing to bet it's leveled off and ready to resettle near a buck or more.
my projections are really just 'ball-Parkin'
I'm basing the $4-$6 on Parkin's estimate+new properties (kylon and this week's)+rise in gold price X Parkin's tendency to slightly exagerate. Please feel free to comment!!!
if the prefinancing thing by the banks for Aurus were true it would tell us:
-how/why we have so much gold
-that the pps shouldn't be "too good to be true" and that it should be at a more modest range of $4-$6, roughly, maybe more, but not less.
-That we need to ask GP about it!!! (for margins, etc. made on the assets)
And, of course, I could be completely wrong.
It's very exciting because it dashes the "too good to be true" pps of $18+ and makes a more realistic, understandable, apparently less risky $4-$6 rough estimate for the pps.
should be a very VERY exciting week for Aurus.
let me simplify that a bit,
The website said that:
"commercial banks were permitted to issue credits to gold-mining businesses and buy the output; "
And,
"individuals empowered to conduct transactions with gold, the demand for refined gold has been growing markedly (on the part of banks, first and foremost)."
And,
"Importantly, banks cannot derive a meaningful profit unless the transaction volume is below at least 2 to 3 tons of gold and the extraction of such gold has been prefinanced by these banks themselves."
So whatever margin we have (if I am correct), compounded with the rise in gold prices, the massive amounts of gold we have acquired since old estimates, we could realistically see $4-$6 pps in the next few months.
I'd love to hear comments on this.
Sagan... you said that you got a pps estimate from Parkin himself? He said $1.50? (before recent acquisitions)
That means he should estimate $3 now. Looking at the independent German report on Nord Oil, that estimated NDOL against what Parkin said, we should very conservatively assume $2.25 is a low estimate for AURC right now.
I think the reason why he isn't saying $10-$15 is because it's going to cost a lot to increase production, even though I think they'll JV that work out anyway.
I also STRONGLY believe that the money we'll be making with Aurus is just a margin on the sale of gold. From what I understand, a lot of banks prefinance the gold mines' production and then buy the gold back.
I think that we have a certain % of all sales to the bank that we keep. Maybe %10-%15, leaving us will about one-tenth the PPS that we would see if we didn't owe the banks gold. That should put the PPS right at around $2.50 - $3.00 and would explain A LOT of things.
So right now we're looking at a short-time 3-5 bagger, long-term much more.
Just my opinion.
could somebody make sure they post heyjoe's email with Parkin on the Raging Bull AURC and NDOL boards? I can't seem to login over there. Here it is again (I changed his spelling of "parkin" so that it's correct)...
A friend of mine spoke with Gerald Parkin today FWIW
Spent a short time on the phone then email.here's the EM.
Greeting Marianne,My sister name is Marian and she sure is not a southern girl ! Our company Monimpex International was instrumental in bringing these 2 companies public. They asked us to be on the Board because of our expertise in the North America stock markets. That is the only relationship beside the fact that we have great influence to westernize the operations. Nevertheless, they are true experts in their own fields. Russians are excellent miners whether in gold or oil. Nord Oil following the merger all SEC reports should be filed on Monday that is why we are working on Saturday. Later this week we shall publish the consolidated financial statements. The public will realize the size and strength of North West and the reason why this merger was done. Newws will be issued on a regular basis. There is an independant report on the Company at http://www.more-ir.de/d/10156.pdf. This was done because it is listed on the Frankfurt Exchange. AURUS this company, as you can see on its website www.auruscorp.com has great assets in its various deposits. Every expert agrees that the price of the stock is way undervalued. In the financials it is indicated that the assets are over 4 billion$ but that the liabilities are the same. This large debt scared some people but under Russin legislation the liability is entered as such because the deposits have not undergone extensive work. This liability is not a debt in the classical sense no money is owed to third parties.