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I think the issue is the relative value of gold.
The critical question to a Banro investor or prospective investor would be information on the timeline to mining and production.
The company is being compared to KGN and others.
Banro is interesting and the board of directors / exec management team look good.
Yes, I noticed. I should have bought in last Friday when I originally posted!
Why is there a gap up?
Is there really the "largest" reserve in the mining sector here?
What is going on with the new mines?
I notice that the official documents do not show any specific depository holdings. So, is this company's valuation based upon "deep reserves" or surface?
I am new to this board and noted that there isn't much activity on it.
I am wondering if this company might be worth investing in.
Are there any current investors on this board?
Are there any level II feeds for this stock?
mrditbme
Looks like there is no answer...just like everything else here.
Buddyrich-
There is no faith deserved for AURC because the executive officers and board of directors has failed its shareholders.
There is no gold.
You are involved on this board and you have parrotted this "have faith" message for years while people have lost money.
Why do you have "faith" in a company which has not performed needed release of information?
inxy- you missed the point.
By having multiple companies, it is easier to flush money from one company to another. The government does not expect receipts for financial transactions between corporations. Therefore, one company can "sell" and one corp can "Buy", effectively transferring the asset (money) without trace.
If you are a shareholder of Company A, if the Company A directors "sell" to Company "B", you have no ability to track the transfer of the asset.
Yes and the sting appears to be on.
Show me the $0.01 dividend and I'll believe.
Another press release... SELL!!!!
looking forwards to reading the hilarity on this board today...Anyone else notice that the Hollywood writers strike coincided with the lack of PR's from this penny stock?
sunwz - that has been the case for two years.
In face of $1000 gold... only a scam can have this kind of PPS.
The only one "going South" is the price per share of AURC.
I remained and saw my $$$$$$$$$$ become $
What else is there to say.
I have $
They have $$$$$$$$$
Guess where the $$$$$$$$$$ went.
Richard - You still long and strong?
We have a company which remains short on fact and weak on execution.
The posting was not to you keithhpkns... the posting was for the review of Slava...
The b.s. in his email was deserving of a response on this board.
The guy, by my book, is part of a criminal conspiracy to defraud.
The amount of lies coming from his PC is larceny.
STATEMENT TO SLAVeA...
Sir,
Do not think that your emails have gone unnoticed.
The activity in this "investment" violates many pretenses, laws, ethical obligations, and responsibilities.
Keep it up pal.
We are recording everything you say.
SEC should be ashamed that this scam continues to bilk honest people of hard earned money.
Rich - other than that statement, what's the outlook and why?
I have stood by this company for eons and only seen a consistent downward trend.
Sorry to be so glum, but holding this thing has been a real pain.
sunwz - your comments made me laugh harder than the last episode of South Park.
Publicly traded companies do not express incorrect statements in press releases.
Publicly traded companies are reporting.
You can talk about pink sheet all you want.
The bottom line is that the stock price won't move unless or until the company discloses like a NON-pink.
They won't.
They can't.
They aren't.
I don't know where you get that number, but I find that hard to believe.
Still, it doesn't reflect positively to be from Delaware when they have clearly chosen that state.
not sure who is shooting off at the mouth or not... I only know that the stock price is off by 90%.
Only a fool would say "Long and Strong" when it's anything but that.
DOS - Why are you stating the obvious? Did you not understand that I was referring in EVERY post to US authority and the US juridiction for a corporation incorporated in DELAWARE?
Somebody goes in to the mailbox in Delaware...WHO!?!?!?
that is correct. Jurisdiction is in Delaware, which has very loose regulatory processes...that's why the credit card companies and banks are declared in Delaware. Also, alot of scams originate in Delaware because of the loose review.
Yes... I concur...
Posted by: soupoftheday
In reply to: bonesmccoy who wrote msg# 92316 Date:2/11/2008 5:35:51 PM
Post #of 92847
It's all speculation. Nobody know what's going on......
DOS - what in prey-tell are you talking about?
I was discussing SEC in the USA and was not discussing anything about the Canadians or the OSC...for reasons similar to those you repeat in your last message.
Clearly the SEC in the USA has jurisdiction when a Delaware Corporation has been publicly traded and engages in fraud.
The attempt to punt the investigatory responsibilities to Canadians is strange. This company is incorporated in Delaware in the United States.
Where is the SEC enforcement action?
Rich,
The sentiments of your emphatic statement regarding AURC are shared.
I believe that our exposure financially is also shared.
When it comes to money, there is a difference between "investment" and "speculation".
This play appears very speculative and not a sound investment.
The stock performance over the last 18 months shows that the company is subject to manipulation of price (at best) and at worst has failed stockholders in innumberable ways.
Let me get this straight... are you guys saying that the ABVG deal is the Krong buy-out that AURC has been claiming for the past 12 months?
If so, are you saying that the $$$ goes from ABVG to Red to AURC?
What is the purpose of the middle man? He only siphons money from both shareholders and has no risk???
What's the buy out price then?
cfpjbs - are you still out there?
surferbj - The Level2 output on this site says different.
0.022 50000 OTO 15:38:47
0.022 50000 OTO 15:38:18
0.021 50000 OTO 15:21:52
0.021 60000 OTO 15:21:26
0.022 60000 OTO 15:21:25
0.021 290000 OTO 15:16:39
0.021 100000 OTO 15:15:27
good post bigfoot. keep it up.
You are more consistent in performance than AURC.
capecoralguy - After 2 years of awaiting performance, doesn't AURC look impotent?
After waiting this long and seeing the stock price so weak, why should we expect this thing to be anything other than poorly performing?
Are you thinking that there is a magic blue pill to reactivate potency in a stock that has clearly never performed?
uhlmant - the price of gold is already at nearly $1000 per troy oz.
This stock price is clearly unrelated to the price of gold!
Check AUY for comparison!
Sub penny Benz? see you there.
I doubt this AURC stock will float above $0.02 for long.
This thing is sinking faster than any other gold stock.
And this is relevant to AURC how?
I thought AVBG was already vetted by this board and excluded as a related corp?
Patient? Calling AURC a patient is a good analogy. It's sick and dying. Has anyone here actually read the posted document on the aurus website?
I'd like to see if others here have any cogent comments on the statements in the 43-101 report.
DOS- Wayne...have you reviewed the report and do you have any comments upon it?
Oh gads... another PR and another price drop.
I NEVER should have bought this story.
It's 1-29-08 already.
It's 9 AM in Moscow.
Will we see a PR on Moscow time or EST?
EmilyRobert - You summary is accurate.
I just got done reviewing the story at MineWeb and find the response on the board unfortunately predictable.
The reporter did his job to report.
The company has not done their job to inform shareholders.
The result is that we are bag holders.
cfpjbs - thank you very much for posting the link to the Sinclair's Mineset.
The blog was remarkable to read.
He was predicting a 100 basis point fed cut to attempt to intervene in the financial meltdown occurring tonight.
As I write this, CAC 40, FTSE, Hang Seng, Nikkei, and more are all off between 7 and 12 percent over the last 48 hours.
The people who say we are not in a recession are idiots.
checking in... haven't been around much... not much to note... looks like the curve has flatlined.
Did Canada go into hibernation?