Replies to post #44122 on Aurora Acquisition Corp (AURC)

[specbidder]

Anybody have any info on Dovgan & K gold mine.


Fedor Fedorovich Dovgan graduated as an engineer from Khabarovsk Polytechnical Institute. After working as an engineer for 15 years, he was the founder and director of Dovgan & K gold mine. He has vast experience in the extraction of gold from placer and ore deposits as well as in the management of operational facilities. He was active in setting up the extraction and the production plant in the Magadan region.

Samuel Vladimirovich Chobonian graduated from the Moscow Institute of Commerce specializing in the management, organization and the financial operations of the company.

''These nominations are a result of the recent acquisition and the members will be part of a strong team to assist in the production and expansion of the company's resources," adds Gerald Parkin, president.

[ThSeeker]

We are dreaming if we think we will get a buyout near fair value based on reserves. AURC knows in order to sell this fast they will have to sell at a deep discount. How deep is the question.

Also there may be truth to the speculation that this is all a method to take it private cheaply and then reintroduce it on a higher exchange at much higher cost. If so they may take the .55 counter. In that case the deal isn't about fairness to stockholders but just business. However it still gives stockholders a healthy profit. Which any significant profit on a high risk pinky is good. We usually lose our asses on them.
ThSeeker

[sometimes_right]

specbidder-I think thebishop has a good opinion of what is transpiring....

"The same guys who run the company right now are behind the buyout. They take it private, wait a few quarters to produce some solid numbers, then take the company public again (maybe under a new name) with a valuation of at least $500M to $1B. Thereby doubling or tripling their money."

http://www.investorshub.com/boards/read_msg.asp?message_id=19167066

And cigarman agrees:
http://www.investorshub.com/boards/read_msg.asp?message_id=19172517

And even Heartbeart agrees:
http://www.investorshub.com/boards/read_msg.asp?message_id=19172580