InvestorsHub Logo
Followers 18
Posts 1860
Boards Moderated 0
Alias Born 02/27/2006

Re: silver100 post# 5768

Friday, 04/21/2006 8:54:43 AM

Friday, April 21, 2006 8:54:43 AM

Post# of 115222
Comments on my chart and on valuation...

OK, success, kind of, for me posting my first chart. I had some nice little trend lines on this that didn't show up, but oh well you can probably draw them with you eyes. To me we have worked back to support of the lower trend line on this 60 minute chart of the last month. RSI has worked back down to 50 and MACD bars are oversold, at least relative to this channel. But I am no TA expert, just playing around.

As far as a good valuation for AURC all I can say is higher for now. Too many unknowns without financials, but the gold in the ground is a huge plus. Current share structure is unknown. There have been rumors of an additional 4 million shares to the board listed float. Could be more than that or less, won't know until we get an official and current filing. I would hope that all of the recent delays in things that were supposedly promised at earlier dates would be because of dealing with buyout offers or something like that, but only time will tell. Patience as we work through all the filings and uplistings etc. will bring us much higher. Assume that patience eventually brings us to say an Amex listed stock who is producing 250,000 ounces of gold a year or more and we could easily be $5 per share, but it will take a lot of patience and faith to get us there.

AIMHO

Let's try the chart with the trend lines again...