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OK great, we are on the same page. We may not exactly see eye to eye, but that is what MB's are for. Sorry, but I didn't have anything positive to talk about AURC this morning to mix in with criticism. I like to get right to the point rather than reach for something that isn't really there. I don't have the time or knowledge to do something like design a website so I can't offer somethign like that. I'm sure that you will find positive posts of mine in the past if you really feel the need to look for them. Otherwise, lets move on and get this company moving!
I don't have any idea or evidence to whether a hedegfund is pumping, dumping, doing anything else with the stock, or is even involved at all, so I don't find it relevant to talk about since it is all pure speculation.
By the way, the term is "moot" as I used it, not "mute" as you used it. Not trying to bash your English, just correcting grammar. The common "mood point" is also a misuse for grammar fans out there.
I don't see how my concerns were not constructive.
Is it not a good point that companies looking to buyout AURC would want financials as much as we do?
Is it not a good point that it should take only hours or at most days, not months, to make a website?
Some may see these 2 things as moot for the public if there is a buyout coming... but what if those plans fall through as they often do? And why not get them done to increase present value and therefore demand a higher buyout price for the potential buyout?
No, I have nothing to do with a hedgefund. I had no idea ihub existed until I did some research on AURC and found that this was the only place with info so I joined after only "lurking" for a while... which is why my "identity was newly created & apparently specifically created for use on AURC's mb ." I've been in AURC since December and have only bought more along the way, never sold a share, but I do feel the need to raise certain concerns about the company in a search for valid answers... hence the "tone" of my posts.
Your point about hidden agendas is well taken though... this board seems better than most others I am on (not ihub but ragingbull, yahoo, etc.)... maybe those with a hidden agenda here just hide it better. I do not have one but I guess you'll just have to take my word for it, or not and move on.
Hedgefunds get a lot of bad press but you should also know that there are hundreds if not thousands out there that are legit and make tons of money for people, not all are part of "the dark side." Hedgefunds don't exist just to short and bash stocks, many are only long stocks... and most don't touch anything below $5/share so I don't know why you even bring this up for AURC.
The tone of your post makes it seem that my negativity towards financials and the web site is a new thing. You have obviously not been paying attention if that is the case. It seems just about everyone on this board has raised these concerns at some point in the past, just thought it was time to take my turn.
Being long and strong is one thing (and I am), but having unquestioning confidence in a stock is another. I still have concerns that this whole damn thing is one big scam, we are in pinky land after all.
Sorry if my last message comes off as a rant but I stand by my arguments rant or not. No harm directed at you airdale1 so please don't take it that way.
I would think that the first thing a company looking to buy out AURC would want to look at is FINANCIALS. This "project" is an essential element of business and needs to be completed buyout or not. Any firms looking to buyout would be idiots to do so without them. In fact it would probably light a fire under Parkin's a%* to get them done. If they've got financials for potential buyers, why not make them public as well? As far as the website... I could have learned russian and learned how to make a website in the time since it was already promised to have been up. Any kid just 1 day out of tech school would take no more than a day to get at least SOMETHING up.
Now we're talking: .08 by .09. If only we could get some volume to the upside...
I am guessing that is no longer a good assumption.
I would assume they do if they have L2. Current B/A is .0705 by .0825... was .08 by .085 not too long ago
Thanks pennypinscher and homie1, never done etrade... this may be the only good thing I've ever heard about them. May have to check them out.
Level 2 free with who?
Interesting volume this week. Wednesday and Thursday volume was under 100,000 for the first time since early January. Now today volume is over 1,000,000 for the first time in a month. MM's drove the price lower on low volume past 2 days and are now loading up the truck. Sentiment sucks, the perfect time to buy. Next week will be a big move up.
Sorry Mr. Weakhands, but I will not be selling my shares and drive the price lower so you can buy back in.
Wow, what a surprise... I have an ask at .105 that doesn't show in your L2... this after my bid at .08 yesterday wasn't shown. Once I announced my bid on the board here yesterday it got filled. I suppose I won't be lucky enough to get my ask filled now that I announce it today?
Nice volume again today, will likely exceed yesterday's volume that was the highest in nearly a month. We ended yesterday well off the lows and today shaping out to be a nice up day. This is the kind of action we have been waiting for to signal the next leg up, hopefully. All IMHO.
I was just going to mention the same thing. We are approaching 1 million for the first time in nearly a month. Accumulation on this weakness I suspect. Be sure you are on this train before it leaves the station.
Well that worked out nicely... got my fill soon after I posted here. Perhaps we have to report our own bids and asks to keep this market fair and correct! Just buying the weakness here and will sell into strength down the road someday. Yes there will be dilution, that is nothing new. The company needs cash to update their equipment. This has been known for quite some time and is not news in my opinion. The website will come, the financials will come, and the higher share price will come. Be patient. This company has a lot of work to do before it will be efficiently and cost effectively getting significant amounts of gold out of the ground, but the gold is there, and that is what matters most. Be patient and the rest will come.
LOL they got part of it, now fill the rest please... I see the ask has dropped to my bid at .08 but no fill just yet
This is crap. I've had a bid in at .08 for over a half hour. I'm not upset that it hasn't been filled since the ask is at .085, but I am upset that the bid shown real time has remained at .076. If any of you weak hands out there are selling, you can find me at .08.
I believe I was made aware of this article on this board and it may be what you are referring too: Russian gold mining offers risk and rewards
http://today.reuters.com/business/newsarticle.aspx?type=reutersEdge&storyID=2006-02-15T144728Z_0...
"Russia is a cost-competitive place to mine gold," said Tim McCutcheon, senior analyst at Aton Capital. He said the average cash cost for producing an ounce of gold in Russia was $220, compared with a global average, excluding Russia, of $256.
If you heard from Parkin a cost of around $280 per ounce, that is terrific, and very encouraging. I hope we see an official filing stating so soon.
And my point is that AEM has proven cash costs per ounce. AURC, so far does not. AEM has proven value, hence the share price much higher than AURC. I am long this stock because I believe and hope that AURC will also prove its value once it publishes its financials. But until then this stock remains very risky. Higher the risk, higher the reward, however, which makes me glad to be a holder.
Shorts would get crushed in an acquisition offering a share price higher than the current one. That is the risk in being short. Losses are unlimited.
This is my first post on this board, or any iHUB board for that matter, though I have been reading nearly every post since I bought in soon after they closed the first acquisition in December.
One thing I'd like to bring up in regards to recent posts... drawing correlations to other mine companies are basically meaningless, in my opinion. There are no hard recovering costs, and the company freely admits that the little machinery it does have for recovery is outdated. It is terrific that the company has 7.1 million ounces in the ground, but that doesn't mean a whole lot if it costs $1,000 per ounce to get each ounce out. At the supposed 20-30 g/t estimated for the easiest 3 million or so, I doubt this is the case, but the facts are we don't know yet.
I am not trying to bash this stock. That would be a dumb thing to do since I am long. I am just trying to bring new issues to discuss on the board.
For the tally, I have 90K shares. This may be nothing to some of you on this board, but it is a lot for me.