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Sunday, September 24, 2006 2:44:32 AM
If it is underground, how can they add it to their financials? I'm sorry but, underground estimates are unmined, and hence have a huge amount of mining costs tacked onto mining it out of the ground...
Here are some issues I have with this stock, and if you can make me feel better about it... great.
1) You talk about the low float all the time 2C, but just curious, they did a 1000 for 1 r/s just under a year ago and already they're at a little over 100 mil shares?... doesn't that scare you? Look at AWYB, former AWBV... they are now at an OS of 3 million shares... if in 11 months they suddenly went to 100 million shares, wouldn't that set off alarm bells?
2) They have a very large longterm debt figure listed in their financials, and you claim they're debt free... provide me a link please... Thanks for the explanation (post #17690) sometimesRight, I'm reading your response, and will fully digest it before commenting further on it...
3) They list underground reserve estimates as ACTUAL ASSETS in their financials... I believe post #17690 explains this as well, however note that when calculating Net worth or what the share price should be at, you cannot take the assets as cash value.. which is what 2Create has been doing over and over
4) Also, note that their financials are unaudited.
http://www.auruscorp.com/investor_financials.asp?sec=investor
Ps. I'm quite sure that me posting this is going to have some shareholders turn into bloodhounds and start ravaging at me for asking questions that I have every right to ask... So if you can be respectful and answer my questions, I will surely keep an open mind about AURC. Those that cannot be respectful, please do not respond.
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