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Tuesday, 02/28/2006 6:28:29 PM

Tuesday, February 28, 2006 6:28:29 PM

Post# of 115222
It has been an interesting day in this old world. Iraq continues to slide toward civil war as Sunni's and Shiia's battle. One has to wonder if other Muslim countries with religious connections will end up in the middle of this? American troops also remain in this potential powderkeg. Saudi Arabia sits several days after Al Qaeda fails in an attempt to blow up their largest refinery. Nigeria is still fighting rebels who continue to destroy oil pipelines and equipment, slowing oil production. Will the flow of oil from one or more large producing countries become severely limited in the next few months? Oil prices that seem cyclical here in the US will be poised for their summer rise going into Memorial Day. Higher oil prices typically push the inflation buttons and therefore place upward pressure on gold. Gold meanwhile after a spiraling run to over $575 per oz., went through a large correcting drop of almost 40 dollars per oz., has recovered over $20 of that and has some strength lately reaching the $563 range today. This added to the worlds continued economic growth trend places great pressure on all the commodities in the future. It seems as though mankind who has always been his own worst enemy will continue to play that role and gold will continue to rise and work for those who watch and hold. He who has the gold will still make the rules.

Meanwhile here at the AURC ranch, it was a weekend of discovering what percent of the float our board holds. It turns out we wield a significant portion of the shares available and thusly may be able to determine much of our own destiny. It also seems that many amongst us are looking for additional shares for their portfolio. I personally hope AURC bases for a time in the current range to allow many to accumulate. If the majority of us exercise patience and afford Misters Parkin and Feldbush time to perform, AURC may indeed turn out to be quite a nugget. I still think it will take two years for funding, infrastructure, equipment and manpower to merge and meet the production goals management has set but it is a timeframe I am willing to live with. Good luck to all of us.

All in my very humble opinion,
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.