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Re: davewashdc post# 78006

Friday, 11/02/2007 6:11:36 AM

Friday, November 02, 2007 6:11:36 AM

Post# of 115222
dave,the Russians have finally figured out they don't need to be in the corrupt US markets to make money on their properties. Initially they thought by listing in the US they would have access to huge amounts of money to win all the auctions that were then taking place and then have the means to exploit those wins.
However the Canadians came in and saw easy money and they flowed with the path of least resistance. Unfortunatly i don't think the Russians saw to much of that windfall.
Somehow it did enable them to pull of the Krong purchase,which probably did not take to much money to get restarted.
Slowly over the months they have managed to increase production.I think the buyout idea came after they realised they had been screwed by Parkin and his crowd and they found out they didn't need them. The buyout has never gone away because i think they are the buyers.
I have come to the conclusion the buyout will happen even though the Aurus management may give the US listing one more try because they are now probably being told that if they hang on a bit longer another entity will purchase them at a higher price.
This shareholder meeting when it takes place will remove all the uncertianties and AURC could turn out to be a really good investment.
I am more optimistic then i have been in recent months.i'am a buyer real soon.