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mr_bitterness, I don't think "Russian-English translators" are necessary. All they need are Russian speaking/reading individuals in their employment to evaluate the original reports. That doesn't seem unlikely to me. Does it to you?
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mariaone, I would think that any translation of an important document such as the 41-101 will require a legal department that speaks both languages to review the translation for technical accuracy. With all of the legal descriptions in a 41-101, any review of the translation for technical accuracy may take longer than we would like.
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Are you being sarcastic? lol
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emilyrobert', you posted "It's amazing to me that all these theory's get tossed about without any thought to the fact that none of them have any basis in fact whatsoever."
I agree! Some here should be writing fiction novels. "...without trying to sift through all these crazy theory's too." Hey! They aren't MY theorys!;)
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ckirbygo, I successfully invest in stocks on the big boards. I also play with an expendable amount of money in pinkies or bulletin board stocks. I usually (not always) loose all or most of the money in pinkies or bulletin board stocks. There is no reason to watch a board on stocks such as TIF. This board is interesting and fun, not valuable. that is why I'm here.
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partysasquatch, I have only looked for the same license being claimed by Aurus and Star Gold. if I understand, you are saying Aurus claimed a license the actually belongs to Belchenko?
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I still think this is still refering to the tailings (the Dump), this doesn't give them the license to mine the Nerchinkiye site. I agree it is convoluted but the filing refers to the tailings from the Nerchinkiye site as the "Nerchinkiye Dump". It is a well known fact that these piles of tailings are all over the place.
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Please post or email me at m.juetter@yahoo.com when you find the documents.
Thanks,
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partysasquatch, the SEC filing you sited (link below) shows that Bechenko and Univercorp only obtained the rights to extract metals from two consignments of tailings, totaling 254,906 tons(A very small amount), and that the said tailings were even removed and delivered to a storage facility. The licenses listed in the SEC filings don't appear in Aurus' list of licenses. Do you have any other documents that support your claim that Bechenko and Univercorp owns any licenses that Aurus claim to own?
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http://www.sec.gov/Archives/edgar/data/1301557/000114420407046829/v086436_8ka.htm
Why? It is in a PR from Aurus. I don't have a copy of the contract and I don't need to see one to believe the PR. I don't believe there is any intention by Aurus' BOD to cheat the share olders.
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dreaminofsailin, you are right. Aurus is not the BOD of Aurus. Aurus is a seperate legal entity which purchased "all" shares of Krong. This means Aurus owns Krong and shareholders of Aurus will benifit from Krong's profits. There is no question about that.
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Check again! Aurus is keeping a promise! I'm gonna run out and buy a lotto ticket! lol
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Put this address in the browser...
http://www.auruscorp.com/BK%20APKADUR.pdf
I agree. SEC filing would be very helpfull though.
When the reports are both available I will analyze them and decide if my judgment has been correct or not. A lot more is required to create a sound company than tons of ore in the ground.
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Finally! Now it's been said! I agree 100% with you. You are a logical thinker!
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carl405040, the cost of processing tailings was PRd to be very low. I don't recall seeing anything from Aurus on the cost of mining ore. Do you? The cost of extracting ore is the real missing link.
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ckirbygo, not according to the SEC filing. Stargold is not able to use part of the land, Aurus moved the tailings to an offsite storage facility. There is a big difference.
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I didn't "attack" anyone’s post. I asked for clarification of what I “believe” to be a misleading statement. If a person writes “I believe Aurus SHOULD issue a cash dividend an addition to the cash buyout”, then it would have been clear that this is an opinion. If he wrtes “I believe that THE cash dividend IS TO BE issued in addition to a cash buyout.” This clearly implies that he has knowledge of a cash dividend forth coming, which is a Misleading statement.
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Star is not claiming a license to mine any part of z-prom. only to have purchased some of the tailings from Aurus.
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I don't know what the cost of sales is for the gold that has been mined. I'm not even sure they sold any gold. It is possible the company is producing gold at a loss. Therefore, production and no cash flow.
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The companies aquired by Aurus had very old and eneffecient equipment. To be profitable the equipment needs replaced. That is expensive and the reason there are so many closed gold mines in Russia.
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I think it is safe to say that PR expired. Also, the cash divy is not tied to any buyout deal.
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cfpjbs, please don't make completely baseless statements. I have never seen or heard anything from Aurus claiming cash dividends with a buyout. If I am wrong please post your reference, and you will have my apologies.
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DI, like I said, reporting would fix the PPS regardless of the value. Reporting is like Benz's double edged sword. lol
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Dude! What are you into penny stocks for? You should be into blue chips.
Aurus should become fully reporting with the SEC. That would fix the PPS regardless of the true value of this company.
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With the proper license any company can mine in Russia. However, no company can own the “resources in the ground”. The government also reserves the right to purchase extracted gold at almost any price they choose to pay. Gold mining companies in Russia can be bought and sold, but not the resources below the surface.
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Did you just get your 10K at .037?
After recent posts questioning Fedor Dovgan's character for being involved in other companies, I think this PR should be revisited. It should be no surprise to anyone that Fedor Dovgan is and has been involved in other companies. His company Dovgan & K (Dovgan and Co.s), was mentioned in the PR naming Dovgan as a new member of the BOD. - Read Below.
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NEW YORK, NY -- (MARKET WIRE) -- 09/28/06 --
Aurus Corporation AURC · News · Profile announced today that it has named two new members to its Board of Directors, namely:
Fedor Fedorovich Dovgan graduated as an engineer from Khabarovsk Polytechnical Institute. After working as an engineer for 15 years, he was the founder and director of Dovgan & K gold mine. He has vast experience in the extraction of gold from placer and ore deposits as well as in the management of operational facilities. He was active in setting up the extraction and the production plant in the Magadan region.
Samuel Vladimirovich Chobonian graduated from the Moscow Institute of Commerce specializing in the management, organization and the financial operations of the company.
''These nominations are a result of the recent acquisition and the members will be part of a strong team to assist in the production and expansion of the company's resources," adds Gerald Parkin, president.
About Aurus Corporation
Aurus Corporation is a publicly traded mining holding company with several precious metal properties with over 7 million ounces in gold reserves, trading under the ticker symbol AURC on the US Pinksheets market. Aurus seeks to continue acquiring proven gold and other precious metal reserves in Russia and other emerging counties and operate its mines through joint ventures and/or partnerships.
I will forego the "Important Information About Forward-Looking Statements" segment. We have all read them before.
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globeexplorer, "A buyer want to be sure to make at least 300 to 400% profit himself."? I have never hear of such a high profit margin in the purchase of a company. Maybe a discount, but I wouldn't sell anything I own for only 1/3 of it's value. This profit margin sounds right for the purcase of product for resale in some retail markets.
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Apparently Aurus’ management are no good a taking hints. Maybe you should try spelling it out for them.
ckirbygo, you are correct. Star bought some of the tailings and the tailings were removed from Z-Prom's site. Star Gold did not aquire a license to mine.
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I have been researching what was posted (post #82328). I am convinced that Paul Ditter and Fedor Fedorovich Dovgan are not trying to take assets from Aurus Corp. I would post proof but there is none. There is also no evidence that they have attempted to take assets from Aurus Corp. Read the Private Equity Placement Offering that was posted (post #82328) and see what you find.
I believe that it has also been implied that Star Gold is somehow involved in the scheme to strip Aurus Corp. of their assets or licenses. I don’t believe this to be accurate either. Star Gold is a gold mining company that is still in the development stage. They did enter into an agreement with Zabaikalgeoprom to acquire a portion of the tailings from the Nerchinskiye mining dump. However, these tailings must be paid for. It is not theft, it is business. Also, the said tailings are not stored Zabaikalgeoprom, they are shipped to an offsite storage facility. From what I have found, I believe these tailings will be used to help develop a machine or process that will be more efficient at extracting valuable materials from tailings.
The web address below was sited as evidence of wrong doing. I find it is evidence to the contrary.
http://www.sec.gov/Archives/edgar/data/1301557/000114420407046829/v086436_8ka.htm
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divtrader9, What did you find in those documents that supports the theory that another company is going to aquire Aurus's assets? I found nothing to support that theory.
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I have been researching everything Party posted. I am convinced that Paul Ditter and Fedor Fedorovich Dovgan are not trying to take assets from Aurus Corp. I would post proof but there is none. There is also no evidence that they have attempted to take assets from Aurus Corp. Read the Private Equity Placement Offering that Party posted(post #82328) and see what you find.
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DOS, I will confirm that. He said the same to me. GSCC is not taking possesion of any of AURUS's assets.
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cfpjbs,
There is no value to this board at present. Any casual visitor to this board will just be confused and run from this stock. All of the “cloak and dagger” positive DD does nothing to help.
The best thing to do is to share positive “factual” DD as factual, and show the proof that makes it factual. If there is positive information that is “speculative” share this information with the clear disclaimer that the information is speculative, and present the information that led to the inference.
Then if there is baseless bashing of the truth, do not respond to it. It will be seen clearly for what it is.
I, like you, am sure of this company’s potential. But I have no real inclination to share my findings with anyone who won’t reciprocate.
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DOS, that would be positive news about Aurus Corp. based on DD. It seems to me that there is a push to no longer post positive news based on DD. Am I wrong?
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