Member Info for rhertig

China doesn't take dollars for oil because they don't sell oil they buy it. The traders insist they settle in dollars as they don't accept the Chinese currency. China is backing their currency with dollars to try and convince traders to accept their manipulated currency. Go back and read again. It drives China nuts that no one wants their currency.

The fall was a constant amount of tiny trades. When someone decided to build a large position they had to keep paying higher amounts for the stock. Normal in micro caps.

Don't have to take one today. I hope this rise sticks.

I will give my thoughts once I can think clearly. Hurricane health and this stock have me a bit stressed right now. To force votes in a general meeting one must hold 20% of the stock or in proxy. Or have one hundred holders who have invested 1000 sign a request. Ironically you only need ten percent of shares or proxy to force a special meeting to replace the bod. In Canada we only needed five percent to try replacing the bod. At that point they agreed to our request. Before hand we were ignored.

Hick what is BPT? Bypass?

China's main ambition is to get oil traders to accept Yuan when they buy oil. They don't actually want to start paying in gold.

I have the information now for the shareholder laws in England. Do you guys want to help me force the company to do what we want? I have done it before in Canada. It's a lot of work. Say yes and I will help. Otherwise I'll just dump my shares and move on. I am to ill to do it myself. Remember we own the company and have rights. Including firing board members and management. Also forcing a sale or merger.

The joint venture on the back end of the commodities crash is what pushed us into the covenant breach. To be fair I was in favor of the joint venture. It's what they are doing now that has me upset.

This company needs to be in a strategic review for a full or partial sale. It has value now. Management will run it till the bank and bond holders take it for free.

I bought silver dimes for Fifty cents a peace and later sold them for two dollars each when the Hunt brothers tried to corner the silver market. If you follow history every time a billionaire gets deep in the presious metals the bank's crash it and steal half their money. Even Warren Buffett got fleeced. I still invest in miners but I will never hold the metal.

I am 52 years old and I remember at 7 listening to the adults talk about gold is going to the sky. 45 years later and I am still waiting.

The management owns so much and they do not have to raise funds. This gives them zero reason or need to pump. That leaves us with the quarterly report. A rise in the price of gold or some news letter taking an interest as catalyst. I think it will be a long hold until the stock price catches up with the value of the company. Hopefully the next quarter report is a good one They still have the drilling program to report.

I wish I could continue to add. When they changed the company it quit trading on the OTC in the US for some reason. I used to pay $4.95 to buy shares. Now the transaction fee has risen to $54.95 a trade. To buy $200 worth it is a 33% loss right from the start. I also was not able to buy any that was supposed to be offered to existing stock holders. If I was wealthy enough to buy $1000 dollars at a time it would not be a problem.

I would like to average down on this. I think it will do good. When they changed the share structure it went from 4.95 a trade to 54.95 if I invest $200 I'm paying 25% sales commission. I guess they decided not to list on any US exchanges. Oh well when this gets to 5 pence I will be in the black.

Looks like someone added about thirty million shares in the last week.

I think if I finally make a profit here I will donate a little to the school once it's built. I am not as far under as some of the lth here. I bought in right before and after the new owners.

http://www.frontpageafricaonline.com/index.php/business/3660-aureus-mining-a-promise-betrayed-world-bank-funded-project-dashed-hopes

I noticed on every RNS they point out they have permits in Cameroon. I was searching the web trying to find information on this to see if it has any potential. I couldn't find any info. I did find an interesting article on the beginning of our mine. They had to remove the local families. Some willing and some forcibly. Part of the deal was we would build them a new village. Seems fair if you're country is desperately looking for jobs you have to make hard choices. Any way they moved whole family's into one or two room temporary shacks. Then Ebola and the cionide leak happened. Old management ran out of money and the family's got stuck. Anyway where they put them there was no school or clinic. A woman's son got malaria and she had to take him to a far away clinic. Because she was not of that area she had to pay upfront for the malaria medicine. About ten dollars. Only having three they let the kid die. WTF. Anyway our new owners have promised to finally build the village with a clinic and school.

Financial report out today

I own property in Arkansas. I have not been there to see it yet. Seems like something always takes my spare time.