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how will this happen? they already said no to .68 a share.
a individual Mihail N Smirnov who owns several other domains, all used for spamming scams.
this is far out and totally baseless. There are sveral domains registered to him:
PO-RUBLEVKE.RU
CARDIOCLUB.RU
PODOMAM.RU
WEBOBMEN.RU
SIBCOMP.RU
OFFICE-MAG.RU
but only one [allforum.ru] has ever been linked to any email spam.
so please,lets not make up stories.
i'm sure they weren't expecting the production expenses to still be at 70% in 2009. 70%now maybe while they are still upgrading equipment.
no i think thereis a limit.. like 10% of the float....
holy cow dude relax.
first of all if you were on the inside looking out it would be insider trading... so unless you want to stay out of jail, welcome to the stock market...
we are and will always be on the outside looking in.
no idea.. can't find anything on AUTO at all.... not in any listings anywhere as far as i can tell...
good post once agaain! member mark for you!
black rock golf corp was dissolved and AURC became an empty shell. aurus went public by way of a reverse merger into that empty shell. i thnk that's how it went.. ask 2C he has more knowledge on this.
the assets have been verified by the ministry, as stated in the PR. So you have to decide weather you beleive the PR's or not.
you can't just google "Ministry confirmation of AURC assets" and expect to find a scanned copy of the verification letter.
so you can either choose to belive or not, Does Barrick have the Exact number of ounces they claim to have? who knows, maybe a few workes pocket a handfull of rocks each night.
i'm sure that they have confirmation from the ministries so you choose to belive that they have what they say they have.. or you don't. But i don't think you can look at a copy of the ministries confirmation letters on thier website.
i have researched sparrow and wong, and have never found any connection to this company. not like i did with BHUB. in fact it's easy to find information on when they hijacked BHUB, you can find the date they did it.
please tell us what date it was when sparrow and wong hijacked AURC, and provide the supporting links.
you're right! your're certainly NOT a math guy, otherwise you could have figured out that 8 billion in assets minus 70%(cost of extraction) is 2.4 billion. so for a company to mine these assets it will cost them 5.6 billion therefore leaving them with only 2.4 billion.. after they purchase the outstanding shares for.. what was it..? 217 million they will have approx 2.2 billion profit left.
that's why the offer is .68 not as much as we would have hoped, but then again we didn't know until today that the cost of extraction was 70% of the total value.
but trust me the $.68 offer will also be rejected.
wow you are a genuius!
if you offer someone 10 grand for a car worth 50 grand, and then they say no how about 45 grand.... you're probably not going to agree to it. you keep going till you settle at something in between.
basiclly kartix wants to pay as little as possible and aurus wants as much as possible, you don't just make an offer and then agree to whatever they come back at you with....
if kartix were so weak as to just accept the .68 after they offered .38 they would be pretty bad businessmen.
so yes... i will trust you because it's really quite obvious.
This PR was interesting because it had a number of major elements in it.\:
1. The name of the Offeror. I rememebr some bashers stating that the release probably wouldn't even say who made the offer. WRONG!
2. A managements perspective on where they think the PPS should be. this is the first time it has happened. Telling us to be happy with .68 a share is perfectly fine.
3. the cost of extraction .. although they said their cost of extraction was 70% of the total asset value... which would leave 2.4 billion for profit. Well is Kartix spends $217,389,200 on the compnay, and has to spend 5.6 billion to get the 8 billion of assets out of the ground, they will be left with about 2.2 billion profit.
8 billion minue 70% equals 2.4 billion minus $217,389,200 purchase price equals 2.2 billion profit.
even at .68 per share that seems a bit unfair, but hey. it's buisness. Fact is maybe Aurus currently doesn't have the means to ramp up production as fast as they would like.
What we don't know... who is the American Company that recieved the documents from the ministry.
staring at his portfolio balance from NNRF.
thankyou well done!
wow actually a well written PR!
i agree that could be the case. i also think that it is a done deal. although not sure at what the final price will be... however...
the peopel who are mad right now are mad because they were expecting a higher price than .38. that doesn't change the fact that if it is a done deal at .38 it's still a killing of any investment made today....
even i was expecting a higher prioce than .38 i'm just not mad becuadse nothing surprises me anymore.
OT: 2C... where does NNRF stop????
haha i am kicking myself now. seriously... .60 to almost 10 bucks in what? three weeks? that is insane, you derserve it! when it was at 3.50 i said to myself.. too late now i missed the train,...
or with NNRF it could just be that the float is only about 4 million.... maybe even less....
so i wouldn't say heavy buying pressure from "people in the know". just ordinary traders trading a very small float. doesn't take much to run the price up.
question... if they accept the offer is trading halted? or how much longer does the stock trade for until the buy out is complete?... ie: if they annoucne tomorrow after close that they have accepted the buyout of .38 can we still load up on wednesday and beyond?
what are you even doing here. you were supposed to be gone until after the 24th.
OT: ndol announced they they had been offered a buyout price of 2.17 a share, but that they were going to meeting with the other compnay over the weekend to talk about it.
everyone went crazy for the stock and it shot up from like .60 to $1.50.
then after the weekend they announced that instead of a buyout they were going to merge with the other company. there was a big sell off because people were mad, and that's about it.
still don't know what the big fuss was about. it was never a done deal at 2.17, but people seemed to think it was. the compnay gave warnign that they woud be meeting with the other company to talk about closing the transaction. deals fall apart, or terms change and that is what happened.
i think the offer is pretty poor.
i don't know if there will be another offer, or if this offer will be accepted or rejected.
The only people who say that .38 is fine are the people who bout in at .06 on the news, had high expectations, know nothing about the company, and think it's a great deal, because .38 is a lot moe than .06.
agreed. .38 is a lot more than .06 but it isn't a good offer, because the company is worht a lot more than that.
Oh, I think it has everything to do with mistrust, do you remember NDOL / NWOG "buyout" same management team here .. Very similar situation playing out ...
ABOUT AURUS CORPORATION
MANAGEMENT
Limited Liability Company Mining Corporation "Zabaikalgeoprom"
Victor I. Feldbush – General Director; Higher education, Irkutsk Technological University, 1974. Work experience in the industry – 31 year.
Yuri G. Boldyrev – Chief Engineer; Higher education, Irkutsk Technologicl University, 1976. Work experience in the industry – 34 years.
Galina V. Galyatina – Chief Geologist; Higher education, Irkutsk Technologicl University, 1978. Combined work experience – 26 years.
Victor P. Lobochkin – Finance Director; Higher education, Institute of the Ministry of Defense, 1973. Combined work experience – 13 years.
Valentina V. Arbuzova – Head of the Tax Department; Higher education, Irkutsk Technologicl University, 1991. Work experience in the industry – 13 years.
Close JSC «Northern Ore Technologies»
Yevgeni L. Belchenko – General Director; Higher education, Moscow Mining Institute, 1977, C. Sc. (Technology). Work experience in the industry – 27 years.
JSC «Nerchinsk Pits»
Sergei I. Kotelnikov – General Director; Higher education, Chita Technological University, 1976. Work experience in the industry – 28 years.
Close JSC «Gold of Siberia»
Alexander G. Znak – General Director; Higher education, Irkutsk Technologicl University, 1979. Professional work experience – 26 years.
Yuri D. Rusinov – Chief Engineer; Higher education, Perm State University named after M. Gorky, Department of Geology, exploration of natural resources. Work experience – 31 year.
Close JSC «Ore»
Nikolai F. Petrunin – Executive Director; Secondary technical education, Khabarovsk Secondary Technical School of Power Industry, 1972. Combined work experience – 32 years.
Limited Liability Company «Alaska»
Vladimir P. Chizhov – General Director; Higher education, Chita Technological University, 1982. Combined work experience – 22 years.
BOARD
Mr. Fedor Fedorovich Dovgan
Chief Executive Officer.
M.Samuel Vladimirovich Chobonian
Chief Financial Officer.
M.Victor I. Feldbush
Vice President.
M.Eugeni L Belchenko
Chief of Operation.
Martin Grancharoff
Vice President Finance.
not a single member of the current AURUS board or management is or was in ndol/nwog.
wow... another moron who has not a clue about this company. you sir are pathetic.
wow your first AURC post was 3 days ago.. i will just go ahead and assume you know absolutely nothing about this company. no DD... no idea.
??what lies are you talking about? get over youself
yeah but chances are the person selling the $30,000 car isn't going to let it go for $10,000.
just like aurus i hope won't sell 8.5 BILLION dollars of precious metals for only 319 million dollars. that would be like selling that $30,000 car for $1200 bucks.
i think there are many things to consider, and one of them is that like snow said, we have 8.5 billion in assets. there is a good chance that the buyer is not going to be interested in maybe 1 billion of those assets... ie: scandium,cobalt...
a gold only company is not going to care about those metals because they would have to completely redesign thier buisness model, and purchase the proper equipment just to process it which would probably not be worth it.
But i also don't think they should expect to get those other metals for FREE, just because they say they won't process them. so i would assume they would get a discounted price on them.
However if it were a multi-metal enterprise, who have a more diversified array of operations then they would pay a premium...
multi metal enterprises anyone?
yes! remember, unless they are holding thier meeting in "Second Life" or on a video phone, Martin will be travelling to moscow for this meeting.. and it certainly won't be to entertain an offer of .30 a share.
me also thinks that this is most likely a done deal... or at least martin is heading to moscow this weekend and they will be going over the offer, signing the paperwork... ect..
no way martin is travelling that far for a crap offer, or even just to decide that they can do better, and reject it.
off to work i go again.. good luck for an awesome EOD!!! hope to see us break the .20 when i get home later!!!
wow nice to be back and see the goings on!
can't wait for EOD ru, unfortunately i won't be home for the last 1/2 hour which is when the action really heats up!
things are looking good today! we will run EOD. it will be fun. it's sunny here in london, nice to see that "I-will-be-broke(n)" is out enjoying the sun instead of post his crap on here.
good luck to all, back to work i go, i will be back at 2:30 right on time for the rally to begin!
Benz...
You almost got it.
remove the http:// and replace it with {there seems to be a picture here but all i get is the little square with the crack through it}
on the other end, after jpg, put >
it should work
must be somethign with my comp.. when 2C tried to explain the same thing happened..... whatever that little image thing is.. it is not showing up...
ha sorry. thanks though!
2create thank you but i think there was picture in the PM.. anyways it didn't load and i have no idea how to do this.. i really should though. i'm pathetic!
OT: how do i put a picture as my signature?
very good point. well lets hope for the best then!
don't think in terms of breifcases full of dollar bills.
947,000,000 cash is a simple click of a mouse and the money is transfered.
think of companies who have recently sold off assets to make room for other aquisitions... i can think of one... barrick.
novagold just raised some capital selling some shares into the market....
bil gates could pay about $156/share... wow he is loaded.
congrats on your day, hang in there for your benefit. 43% gains will look like childs play on teusday, and then again on wednesday when the market reacts to the news!
polyus is a russian company... and ministry documents were sent to a company in america!
true but since i beleive in the company then i also believe that they would not be pulling attention towards this impending buy out offer for it to be a .30 a share offer from stargold.
i believe that this company has no wish to slit thier wrists publicly like that.