Replies to post #13599 on Aurora Acquisition Corp (AURC)

[Tr8dervic]

It's not a debt. It's the offsetting entry because technically Russia owns all assets in the ground.

The deal is...anyone that mines those assets pays a 3% royalty of the gross revenue and keeps the rest. Normal income tax on the profits beyond that.

Way better than the current oil structure there. No windfall profit tax on gold.

[2create]

I think you already know that those questions have in fact been answered...based on your own statement that the 'debt' is not really a 'debt'... As was already answered from an accounting standpoint, "in not the traditional sense"....herein further explained again by tr8dervic, Thank you btw for elaborating.

Next, you must also know how the acquisitions were made? Because I have answered that clearly before as "Cash and other considerations".

I know you are "new"...lots of new or infrequent posters lately, I just hope you stick around. ;)

Lots of DD here if you care to learn...I've tried to minimize the posts as much as possible...But 13,000 or so isn't too bad to have go through (realy, it took MUCH Longer to do the DD)...The pot of GOLD is at the end of this rainbow, should you chose to follow its path ;)

Welcome aboard.

[bige2533]

It isn't a GAAP method for recording the gold in the ground. Those financials wouldn't fly in the U.S. Not sure how a company can consider gold in the ground as inventory.