Conversation with Mr. Parkin today
Still working on the Website. It is being finalized and is near completion. They are still planning on providing bi-weekly updates on progress. I commented that accurate bi-weekly reports would build a strong relationship between management and shareholders and would create better share price support.
The Russian government is very easy to work with in all aspects, easier than the Canadian government. Permits, licenses, accounting all handled by RSM Top-Audit and smooth. Mentioned that RSM has 700 employees.
Gold prices he leaves to the experts and the market.
Production will be relatively flat year around. He reiterated subterranean mining in winter and surface in warmer months.
Russia is inexpensive compared to other major gold producing countries and should be less than $300 cost to produce an ounce of AU.
Selling of gold is not a problem with multiple sources seeking the material. Freight costs are unknown by Mr. Parkin at this time.
They will work the mines with larger yields per ton first.
He really cannot comment on the Exchange or their plans for the future.
Thoughts on my end are as follows:
An energetic French speaking women answered the phone this call, much preferred to Mr. Parkin who answered the first call, it seemed far more professional.
He seemed very busy but willing to talk.
I’m pleased that I asked the question about how tough it is doing business in Russia. That was one of my main concerns going into this stock. Now, it is of no concern, the Russians want outside help in developing their economy.
I think we will all be pleasantly surprised at the profit margins this little company kicks out. I think production costs will be very low and I believe 5.2 million oz. of AU might be pretty conservative.
One gets the feeling from talking with Mr. Parkin that RSM is very involved in the everyday financial operations of Aurus.
For the nervous nellies out there, Mr. Parkin doesn’t have a lot of control over when reports, the website, and any governmental forms will be made available to us. RSM will not allow the release of anything until it is ready for presentation.
For those of you questioning Mr. Parkins integrity relating to the release of information, give the man a chance before making defamatory statements or accusations. I would rather an accurate report be presented to us than a retraction that would be a huge embarrassment to the firm.
Lastly, I am sad that Treepeople is gone. I don’t know him, I have never talked to him and we will probably never meet. But one can get the gist of what type of person participates on a message board by their interaction with others. He seems to be of very high character and one can never meet enough of this type of person in a lifetime.
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.
