Hey folks, thought I'd throw another update out on my stocks, since I seem to invest in a bunch of stuff not many people here do. I haven't had a good autumn, but I'm feeling bullish on the spring.
AURC: Starting to look up. All this company needs is some third party confirmation on their holdings and this will fly. Now that revenues are being generated, they should consider doing AF's. But a lot of Russian companies trade on the pinksheets to save the expense of AF's, so if that's not the plan, they need to establish some kind of JV with a trusted partner, or validate their presence in Russia through legitimate media. Biggest concern: I'm still not 100% sure if this company is dedicated to creating shareholder value.
CWRN: The 6 for 1 split has occured. I have advised on this board not to buy and to keep watching. I think the time to watch is nearing an end. I plan on buying up all I can at .002 or less (if it gets that low). I think an off take agreement with a large Chinese steel mill will be announced in January, which will include financing without dilution. Production will likely start in the April to May time frame when the road is built. I feel certain this will be trading over a penny this spring.
SUUB: I'm trying to sell. The last 10q suggested that more shares will be issued to raise $8 million and to complete the proposed acquisitions. This is a legitimate company that is building a presence, but I think the recent fall in value is the company trying to raise that $8 million. I'll wait until the dust settles on the near term happenings and look to get back in. I'll use the money here to buy CWRN.
NNRF: I feel good about this one, although I'm disappointed they did not begin filing in November as promised. I won't buy any more until they file. This could fall if the delay is significant.
GBDX: Boy was this a mistake. I'll hang in there, though. If it gets anywhere near my buy in price of .021 in next few months I'm out. The company has got to stop issuing more shares...
I'm still bullish on AUTO and GORO as safe small growth plays, but I don't own any.
AI
