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Not selling until the market cap hits 1 billion!!!
This is one of those funny,sad,but true songs!!!
When I am scanning Ihub for potential buys, the first thing I like to see is a chart on the board home page. It can save time if things look out of control from a T/A perspective. Also, the second thing I look at is share structure. I know that we don't have an exact count but I think you should put up 360m with a 35m tradable float. Many investors check the float first when doing initial DD.
jrdig7, as far as the board info at he top of this page is concerned, I feel that we need a 4 month chart with MACD, Volume, STOCH, and RSI. You can get one from sharpcharts just like the AURC board has. I would recommend spot gold price as well.
This CEO said he has been buying, so if he has been selling I will hunt him down myself.
Looks like we may test our old lows!!!
AREA51 from the RB board said he has 700k. <EOM
270,000
Never96
IMHO, I think that it will not go up on the China news. This thing is done in the short term!!! I have a bid in at .006 and will buy more at .004. I don't think it will go below that price. When all the news is thought over and the traders have left EQBM, then it will begin its climb up. That’s only if the future is looking bright and without too much additional dilution. If the news is good and they start talking about production numbers and we still see a sell off, then load the truck and standby!!!
Buy!!!!
If the CEO says he is buying a million shares here and a million shares there like he said he did yesterday, then I will buy right with him!!!!! Did you see that 1.1 million share block go through???
In short... they are just starting out and do not meet Amex or a higher exchange standards. In one year from now you will be kicking yourself for not buying that extra 10,000 or 100,000 shares!!! IMHO this is one of those investments that you will look back on and smile while sitting in your house that is paid for.
There are too many people waiting for this up and coming PR!!! Even if the news is good there will be a sell off. Only if they say "we will be producing 200,000 ounces a year starting in August" will this thing break .05!!! I am not selling so don't get me wrong, but there are way too many daytraders who were forced to average down on this to have it reach new highs after this PR comes out. Long on EQBM!!!! Just not in the short term...
I would like to know about any further dilution and when production will start???
I picked up a good amount of shares today lowering my cost base!!!
T/A is looking good for AURC <EOM
Good DD ced70!!!
ced70... how do you know he said that?? I have not seen a post from him. Did he pm you or what???
TFN... once AURC is extracting the gold and is pulling in a profit, then would you agree that it should be $15.00 a share??
Not trying to brag but I got into EDEX at .04. Happy Days!!!!
I feel that if the news is good it will go up to .03 and then fall back to .02. That could happen within hours or maybe even a week or so, but when these short term traders exit the stock it will then go to .10. Lots of people are wanting out at .03 so that is where we will see the first real resistance. After that anything could happen!!!
Northgate Minerals also had a 52 week high of about $5.00, so that would put AURC at about $13.00 per share.
Well then quit thinking because they are still restricted!!!
Watch out for AURC next week!!! EOM
I think your right Ovidius!!! There will be massive selling by daytraders all the way up to .05
I'm keeping it real and I am in till at least $8.00 or so. 8 million ounces of gold and 103 outstanding!!! If one "blows his load" at one little dollar a share, then they are being way too pessimistic on what this company has and is capable of doing.
Hold for over a year and this will apply:
http://www.fool.com/taxes/2003/taxes030613.htm?logvisit=y&source=eptyholnk403200&bounce=y&am...
I'll take a butout in a few months for $8.00 over a steady increase up to $10.00 a few years from now!!!
I close on a property in late August, so if it hits $8.80 I will be able to pay cash for it and have lots left-over. It will hit that price some day IMHO.
There are 60 million shares that were just recently entered into the float. We do not know if those are restricted or not. We should see news about those shares here pretty soon. I think they were used for JV deals, so my guess is that they are restricted and that the trading float is still 35m. 360 total.
I see what your talking about, but the list should not show an updated price if it is no long being shorted!! It's kind of misleading... Thanks
It shows yesterdays close on it!!
How about AURC!! It's not fresh meat but it will fly.
There are those out there who think that the commodity bubble has burst, and that's who that was for.
In This Issue: STAY CALM
I know what you’re thinking. Doomsday has arrived.
After-all, it’s unusual to see an index lose 26%... or nearly 1000 points within a month-and-a-half. But that’s exactly what the TSX Venture index has accomplished. Take a look:
The misery has been the same with the Toronto Stock Exchange, which has also lost 1500 points, or roughly 12%.
The TSX and the Venture have been especially hard hit because these 2 indices are the natural resource stock exchanges for the world. And we all now what has happened to the price of gold. The yellow metal is down 20%!
Now the question on your mind I’m sure is… “Is this the end of the commodity bull market?”
Well let me ask you this? Is the world going to stop using oil… natural gas… coal… iron… timber… copper… or any other commodity… any time soon? No.
Is China giving up its dream of becoming an industrial superpower? No.
Is China going to go back to a bicycle economy? No.
How about India? Are they going back the Stone Age? No
Both of those countries… representing 2.3 billion people… are the growth giants of the 21st Century. They are going to devour commodities in record levels.
Look, we’ve been through this before. And every time we’ve experienced a pullback, my recommendation has always been the same: Don’t get washed-out. Use this weakness as an opportunity to add to our current positions.
And I’m not alone in that assessment. This just came over the newswire…
*****
HONG KONG (Reuters) - Large money managers, echoing comments by the International Monetary Fund, are shrugging off a recent drop in commodities prices as a short-term blip and predicting gold prices will soar to $1,500 an ounce.
"I believe that commodities will be the best-performing asset class of the next 10 years," said Puru Saxena, chief executive of Puru Saxena Wealth Management, which manages money for high-net worth individuals.
Speakers at the Commodity Investment World Asia conference in Hong Kong on Tuesday cited supply constraints and insatiable demand from India and China as catalysts that will keep driving prices of commodities like oil higher.
The IMF does not expect a significant correction in world commodity markets as it predicts world growth of about 5 percent this year and only a slight decline in 2007, Managing Director Rodrigo Rato said in Canberra on Tuesday.
Spot gold , which has dropped 19 percent since hitting a 26-year high of $730 per ounce in mid-May, is still well below its inflation-adjusted high of more than $2,100 an ounce in the early 1980s, Saxena noted.
Some traders see the recent gold decline as a sign it may fall to the mid $500s, but Saxena believes it may eventually trade well above $1,000 per ounce, a target seconded by one of Wall Street's best known investors.
"For gold, we're predicting $1,500," said Victor Sperandeo, best known as "Trader Vic" for his astute call of the 1987 U.S. stock market crash.
Sperandeo, chief executive and majority shareholder of Dallas-based EAM Partners, favors metals because of the restrictions on mining in many parts of the world limits their supply and pushes up prices.
Base metals such as copper are also good long-term bets despite recent price drops as China and India will keep needing more to expand their infrastructure, said Ashwan Malhotra, vice president at Bache Financial Derivatives Ltd. in Hong Kong.
"Another 5 percent on the downside is to be expected ... (but) we think going forward from here on that the next big rally is yet to come," he said, citing demand from China and India.
And if prices continue to drop, he believes hedge funds and other traders will soon find valuations attractive.
"Most of the big speculators are positioning themselves to go long at those numbers," Malhotra said. "We can expect sometime towards the end of July or beginning of August we will probably see a rally in prices again."
*****
But the most persuasive argument I’ve read comes from Mr. Hot Commodities himself, Jim Rogers. In a recent Barron’s interview, Jim said…
"How can anybody say that a bubble has developed in commodities yet… with sugar 80% below, silver 75% below and corn and cotton less than half their all-time price highs?
You can't have a bubble when the media has only begun to pay attention to commodities in recent months after years of disinterest. We're now only in the early part of a long-term commodity price boom that has years to run and will likely see literally dozens of raw- material prices make new highs. Even crude oil and copper have a long way to go, even though they recently set price records."
So how long will the commodity surge run? Based on the past longevity of commodity bull markets (Rogers mentions ones that, by his reckoning, lasted from 1906 to 1922, 1933 to 1953 and 1968 to 1982), the current boom could last eight to 14 more years. The commodities-bubble crowd scoffs at that, just as skeptics did when Rogers predicted the current boom a few years ago.
Mark my words, we’re currently experiencing the investment event of a lifetime.
Use the current market weakness to add to positions.
Going forward, I’m going to rank the stocks I feel are must buys right now.
Sincerely,
Anyone see the TSX Venture exchange today?? WOW!!!!
No talk about DBGF today??? EOM
It was Newmont not Barrick that IHDR spoke with.
Post #of 12289
Just spoke with Taseko Mines in ....
Vancouver. My best call of the day !! Spoke (at length) with Daryl Johnson, their man in charge of acquisitions and also the Chief Geologist. He (like Newmont) had never heard of AURC (Aurus). He was very intersted in what I had to say about AURC's properties. As we were speaking, he was reading today's PR about Klyon after I directed him to AURC's stock symbol. He stated he was interested in Russian mining. I told him about the NDOL deal (since management related) and expressed to him that I thought AURC was for sale, or would also JV with someone. He too asked for the contact person and phone number, stating he would study further this evening and call Gerald ASAP to see indeed if a property or properties are up for sale or JV.
The next part was interesting:
I asked him what the typical amount was that was offered to someone for properties. He said for proven reserves $100 an ounce, for probable reserves $50 an ounce and $25 for possible reserves, all depending on conditions, difficulty of extraction, etc.
Gerald ..... if you're listening .... my commission better be six figures. LOL. By God, I'm gonna sell your company whether you like it or not.
As of a few months ago Barrick never heard of AURC!! Lets hope that has changed!!!