Replies to Post #27183 onDD Support Board and Research Team

Replies to #27183 on DD Support Board and Research Team

06/12/12 4:41 PM

How has Davies managed to largely stay out of trouble and still practice? He's obviously still running the same old game. Seems to be able to get a company to No Bid faster than anyone.

HHII comes to mind recently.

janice shell

06/12/12 5:05 PM

#27188 RE: nodummy #27183

Funny, DUCP claims to be a Nevada corporation. But they don't seem to be; no listing there. And as of their most recent SEC filings, one Terry Fields was the CEO. Not Arun Pudur, the Indian-Malaysian billionaire.

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=7871071

The deal is to mine gold in Papua New Guinea, always a dicey prospect.

http://www.asiaminer.com/magazine/current-news/news-archive/134-may-2011/3432-papua-new-guinea-daulton-capital-partnership.html

The Daulton website, however, shows Pudur as president. No mention of Terry Fields:

http://www.daultoncapital.com/corporate-daulton-management.php

Note that DUCP has 4.2 billion shares outstanding, though of course they claim the float is MUCH smaller.

http://www.daultoncapital.com/investors.php

Ahhh, here's the announcement of Pudur's appointment. An explanation of the extraordinarily large o/s is included:

http://www.daultoncapital.com/investors-news-2012-05-29.php

Seems they plan to work in Queensland, Australia as well.

James Das, the seller of the claims in PNG, is a real person; a Canadian.

http://ramumine.wordpress.com/2012/02/14/alexander-mining-gets-permit-to-explore-in-east-sepik/

In the past, many have thought they could outfox Leslie Grayling. And they've been wrong.

janice shell

06/12/12 5:59 PM

#27191 RE: nodummy #27183

And this is rather mysterious.

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=8648387

On 30 May, Pudur and associates sold the Queensland property to DUCP, and then took control of DUCP...

Charms is mentioned only once, but as though it'd been mentioned earlier; maybe the search didn't pick it up:

Agreement to raise additional capital and NYSE Listing: The parties hereto agree that the purchaser company shall approve a resolution to raise additional capital by undertaking a private placement of its common stock commencing immediately after closing either through Charms or on independent effort by shareholders through bankers as described in 8.5 below.

About two-thirds of the way through is a feasibility study. Unfortunately it's so badly formatted it's almost impossible to read.

And at the VERY end, they terminate the Papua New Guinea agreement...