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we later corrected him on the guy's name.
From heyjoe727 on the AURC board...
A friend of mine spoke with Gerald Rankin 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.
From heyjoe727 on the AURC board...
A friend of mine spoke with Gerald Rankin 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.
i think it might be a good time to get back into NDOL/NWOG if you pulled out earlier (like myself).
Financials figured out means moving forward with OTC-BB, means less flippers and more investors coming.
no offense but it's kind of funny that you guys were trying to figure out the projected pps.
They couldn't have made it more clear than they did. $2.20 per share. No wonderment there.
Did you all see the post by 'heyjoe' on the AURC board?
Apparently Parkin and gang have been working this weekend to get the consolidated financials for NWOG up by Monday (maybe tuesday).
He says that people will then see why the merger was done.
Also he made a comment on Aurus' debt being footnoted to elaborate on how Russian legislation requires underdeveloped assets to be balanced with long-term liabilities and that this isn't money owed to a third party, and isn't debt in the traditional sense.
Both of these things should be mentioned in the two companies' PRs this week and you should all be very excited for both of them come Monday/Tuesday.
i don't see this as a buyout but a JV instead on a huge magnitude. i sincerely don't want word of a buyout spreading after we saw how people reacted to Nord's JV/Merger.
wow, heyjoe. Excellent info. Mostly stuff we knew already but it's nice to hear it from Parkin/Rankin... I would love to get a PPS estimate on Aurus from management like they did with Nord Oil, both recently and in the past.
Later this week (if not before then) when Nord/Northwest puts out their financials we should see a nice boom with both of these companies.
He's right, we were climbing into the mid-$0.40's earlier in the day, the day the financials came out, before people got scared away by the debt figure. Most people here realized that it didn't make sense and that it needed to have a footnote near it to explain though.
Those two bits, along with expected confirmation of new Aurus assets should make Nord recover $0.15-$0.30 of it's pps drop and probably see Aurus flirting with a double.
Any news of production will obviously make shorters shart. (expected June 01 for Nord)
I found some articles about our priargunsky mine and how it used to be a Uranium mine. They were a lot of environmental concerns over the 'waste rock' that was made from the past operations and they were saying that the gold in the rock would be an excellent incentive for somebody to clean it up.
Aurus and Nord both appear to be the result of "redistribution of mineral wealth" that is happening in Russia under Putin. These guys getting the assets need a means to develop and raise capital for their new enterprises so they enlist Monimpex capitalists...from what I understand.
Aurus is exploiting all the "waste rock" that was thrown aside during mining operations for Tin, Aluminum, and Uranium during the Soviet era. This rock contained tons and tons of silver and gold that nobody was allowed to make profits off of during that time, so it just sat in piles of "Technogenic agglomerates" which you might liken to 'gold-mining's oil sludge', except never refined in the first place. (they have ore and placer gold also)
Please see the posts I made yesterday here and on RB about the personal accounts I found about our properties. Very intriguing.
Monimpex is a North American company that is helping Russian companies to go public. They do so by creating "shell" companies, ones with little to no business activity and then allow the Russian companies to "reverse merger" with them and become publicly traded in the U.S.
The owners of Monimpex, by law, have to remain on the board/management. Companies like Nord Oil and Aurus Corp come to Monimpex seeking to go public, maintain majority shareholding and pay Monimpex in shares of the company.
Monimpex claims they only deal with companies with many millions of dollars in assets. They work to raise awareness of the Russian companies and are going to continue to move up in the boards (pink-->OTC BB---->AMEX/NASD???)
So you better believe that these guys want to the pps to go up and that they have the clout to do so.
a bit on one of our mines, Amazarsky:
"According to our "soviet economy", from 8 to 20% of tin were taken out.
The rest 80% are still in rocks mined out that now lay as huge useless
mountains around the former MCP in the open air. There are silver, gold
and many other minerals in those rocks beside tin."
This is a personal account of the mine. Lays a lot of support to the general idea that Aurus's gold is coming from ore-rich rocks basically thrown away during the Soviet era when you couldn't make money off of it.
I still only have 15 posts, so this one may be my last.
What is even more fascinating is that the more and more you look into Rosneft, the more interesting the story becomes,
(early April) "DISPLAYING FIRST 50 OF 451 WORDS -The Russian state oil company Rosneft approved a plan on Tuesday to streamline its many subsidiaries into a single company centered on assets it acquired from Yukos. The move opens the way for one of the world's largest initial public offerings. Rosneft acquired rich Siberian oil fields that formerly..."
Could this have had anything to do with the merger with NDOL recently!??!?!?! I wonder.
And,
"DISPLAYING FIRST 50 OF 933 WORDS -President Vladimir V. Putin confirmed Friday that Russia's state oil company, Rosneft, was seeking a ''high-class'' foreign manager..."
Could somebody who knows Russian try to decode the connection between Nord and Rosneft from the website? (www.nordoil.ru)
I think something very similar is afoot with Aurus, which means we may actually have an explanation finally about where the mines originally came from :)
I think geoprom is like gazprom, but for minerals. It seems to be the driving force behind all the new mineral wealth being acquired by seemingly random entities. they are redistributing assets in russia and apparently with a lot of controversy.
I found a fairly interesting link with NDOL too. If you go to www.nordoil.ru, you'll find that Rosneft and Nord Oil are almost interchangeable. My translations may be off, but it seems like there is still a company in Russia called Nord Oil operating separately from the public Canadian company.
Did Nord Oil, Russia, only use part of its assets to go public, like we're seeing with North-West? Apparently, Rosneft oil was taken by its current owner in rather seedy ways by a rather seedy owner. Not having much information available to us about Nord Oil North America's past might make sense if it's past was in the hand of some Slovakians who had it taken away by the Russian government.
This is also an interesting connection too because Rosneft and North-West Oil Group have been linked on more than one occasion in the past.
The more I read into this, the more I come to understand the big picture, and that all these operations are 100% legit, they just don't have a very prideful past.
It was from a link on a link from an old board for something else.
I work with a Russian guy and he translated it for me.
You may also be able to find it on Google, if you look hard enough.
I can't remember the exact details, but the gist of it but I'll re-DD it now and get back to you.
it wouldn't make sense for this stock to follow the price of gold until it itself is priced at what it should be.
it's interesting that they put the suffix geoprom at the end of the mines. Isn't Geoprom the huge government mineral entity that is supposedly secretly redistributing mineral wealth in Russia?
hahah nice.
any word from Parkin in the past day or so? Our rally will come once he tells us we all have 900,000 more ounces for certain.
PR from EKYTHUMP, Inc.
The previous PR should have stated "PARTIAL buttcrack is the new cleavage".
PR from EKYTHUMP, Inc.:
Today is an important day for us all. Toilet paper has become the new napkin, buttcrack the new cleavage. More importantly, however, AURC has become the new college savings plan.
btw my old s/n was NDOLTRDR but that didn't relfect much in reality.
I'm upping my positiong big time if this tries to weasel it's way down at all.
I agree. We're long overdue for a massive rally.
the beauty of AURC is that it somewhat follows gold prices, but being so undervalued it will never approach lowering our true value until gold hits $45 an ounce.
In other words, that's around how far gold would have to drop before we would start seeing this stock overvalued.
That's just rough estimate, it's probably more like $15 an ounce.
This is why I'm going to keep buying and buying and buying...
hhahah what are you guys even talking about.
i'm especially excited about today. I think it is a fantastic time to buy, since the new property acquisitions will be confirmed shortly and not to mention the financials revised to make more sense.
it's nice to just sit back and not look at the ticker. You realize a lot about how stocks move when you do so.
I think today might be Aurus' day to catch up to Nord before it surpasses it.
i'm just saying that from what I understand about this company, they aren't going to take a buyout unless the offer is $25+ per share. Which I doubt is going to happen. My guess is, is that it will be like Nord, where somebody makes an offer thinking they are going to get a discount, and they will be shot down again. Nobody is going to offer full price for a pinkie until it has proven itself, even if it is worth $25+ per share (I'm taking into account the other metals as well as gold).
Parkin has stated many times that the JV partners are what the company is seeking. It makes sense for Monimplex too, Parkin/Makarov's core business.
STOP SAYING BUYOUT. It's not going to happen that way and you'll just disappoint the NDOL daytraders.
Ronnie, this isn't a bad thing. Our shares are worth as much as theirs are, but we have less of them. You're right, it is a good thing, and companies with this structure do fare better than those that don't. That is exactly what happened yesterday---the majority shareholder, who I'm saying is the original owner of the oil who set out to go public through Parkin/Makarov,,, saved his (our) ass(es) yesterday when he shot down the buyout. This guy knows that his assets are worth more than that. If they weren't, he would have taken the cash.
And by "acquired" I mean the initial fields, not the NWOG stuff. And by "acquired" I mean, brought public and charged a percentage of the shares.
cough.
cricket.
THIS IS GOOD!!!
you guys need to do some serious additional DD.
Look up Parkin/Makarov's parent company, Monimplex (spelling?), and you'll understand how this is working.
As shareholders you hold a relatively small portion of the new company because Parkin/Makarov's main goal is to get these companies publicly traded on larger boards to raise more capital for them.
Our small portion of the entity reflects that the majority is still held by the Russians that Nord acquired from in the first place.
The majority holder rejected the buyout because he knew his oil is worth more, plain and simple. If he were just an average investor who got in when $2.17 pps looked bright, he would have taken the buyout.
Do your DD and stop speculating.
OT--- positive revenue is anticipated as early as Q4 this year, and I can tell you for certain that the lull right now only has to do with Stern's lawsuit, which is being settled out of court.
We'll see.
OT--- I'd buy more Aurus but I actually bought a stock that trades on the big boards. It seems like now is a prime time to get into sirius since it appears that emotion has it by the balls.
we're going to get a lot of people from NDOL soon. Likely next Monday when their funds clear from selling on merger news.
My guess is that most NDOL traders are aware that the trading patterns are irrational, but are even more aware that they will continue to be due to market emotion.
The safer avenue would be to come here : )
I'm not too worried about this stock anymore now that it makes sense to me. Parkin and gang seriously do need to invest in somebody to comb their PR's before they're released though.
where else would they have gotten revenue if it weren't for their selling of oil? That's just bizarre.
I think these Russian companies are awarded a lot of money from the government that they don't want to admit.
what verbage? don't forget these guys' native languages are French and Russian.
sorry, let me rephrase that-- don't expect a buyout unless it really is for a premium on the value of the company.
trade2much,
I agree. I have been posting a lot of things about Aurus/Nord that I have been finding. After reading up on Parkin/Makarov's parent company, I feel better about it than ever.
Most pinks are pink because they are worthless, Aurus/Nord became pinks because that's all the law would allow them to be in the U.S... for now.
I'm guessing that the Nord buyout didn't happen because the company that initially turned into Nord (i.e., majority shareholder) knew his operations were still drastically undervalued at the buyout price.
If this were just a common shareholder, who saw his pps shoot up that high with even more on the buyout, he would have had no reason not to take the buyout offer.
I think after that, Parkin and Makarov approached North West in the same manner they approach all companies. And now they really are building a leading oil PRODUCER.
Same outlook for Aurus, so don't expect a buyout.
sorry, i'll admit that was kind of rough around the edges. In either case, now that I think I understand how the "shell/reverse merger thing works" it makes a lot more sense to have faith in these companies. It also makes a lot more sense that Parkin and Makarov, above anybody else--have their lots hinged on the success of these businesses.
It also makes more sense to me now why a major goal of both AURC and NDOL will be to upgrade their listings as much as possible, until they are both trading with the biggest of the big boys.
It was simply my understanding that Parkin and gang got their knowledge of how to attract Russian companies from their less successful experience in past endeavors.
AURC or BUST or FINALE
which is why there are two very large majority/almost majority holdings in each one of these companies, these are the Russians holding their company that they entrusted Parkin and gang to trade.