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Thursday, March 30, 2006 12:04:08 PM
AURC's value is currently based completely on what Mr. Parkin is telling us. They haven't released the promised financials, the website hasn't been completed as stated and there have been no new releases showing production in the field. When information isn't available for research, the perceived risks rise and in inverse proportion the share price drops. Why the dearth of information and the apparent lack of action regarding these items? I don’t know.
We get hints of value. Would a successful Attorney risk his occupation and 20+ years of building a reputation promoting a Penny Stock? One of Mr. Parkin’s main business’s Monimpex takes firms public, that is what he risks losing. If the relationship with AURC weren’t real, ASM Top-Audit would have data linking them with AURC removed, right? Why would Mr. Parkin present press releases worldwide that if false, could lead to his prosecution, fines and possibly imprisonment? If you are going to take something public and know it is a scam, why not pump the stock and dilute to the maximum to get every penny of revenue available? Why spend money from your own pocket and purchase shares on the open market? Why tell shareholders you are funding the company from your own monies?
Here is a quote from a recent email from Mr. Parkin,
“The company’s assets are considerable and the debts are minimal. It is understandable that shareholders become impatient and this drives them to sell resulting in a lower stock price. Nevertheless, if a shareholder has some foresight, it is evident that the assets will not deteriorate but will increase in value due to both the world economy and the newly developed appetites of India and Chine for gold and minerals.
In a few weeks, the stock shall reach its just value which exceeds by far that which the market has attributed to it. I have not yet met an expert who advised me that the stock was not greatly undervalued.”
This email is a bold statement that displays confidence. Personally, I will continue to hold long term unless something dramatic and empirical is revealed contradicting AURC’s statements.
AIMHO
Airdale
This post is an opinion and should not be considered reason to buy or sell any security, or to besmirch, belittle or berate any person, religion, cult, creed, race, sex, political party, company or company representative of any age or appearance.
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