Monday, May 01, 2006 2:06:41 PM
Here is the blurb from Yahoo today. It shows only assets. Please note the use of "US and Russian GAAP".
It is the firm RSM Top Audit that has prepared the audited financial statements under US and Russian Gaap and have been retained as the company's official SEC auditors. The highlight of the statements are its USD $4,099,579,465 in total assets, which represents its precious and non-precious metals inventory and reserves throughout their properties. The company's revenue remain low due to the current ramp-up of its operation and joint-venture discussions on its Klyon "Maple"
I have received verbal and written statements that AURC has virually no liabilities. The release states joint-ventue discussions, a hint of what is coming so we can access all this ore but we are pretty much debt free.
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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