massive gold copper news for minnow, page-15

123enen

You said:

"My posts contain exclusive KGL content."

Hate to say it, but your posts are not even 'exclusive KGL content'. All you did was post a quote from Aurum website about them disposing the project (and taking that as gospel that the project is no good) and then poke fun at shareholders by saying they should 'read more'.

Perhaps you should go BACK to Aurum website and do a bit of background reading as to the REAL REASONS WHY they had to return money to shareholders.

Here's a few hints to get you started:

- currency they were dealing in moved the wrong way, meaning they had to raise more
- not meeting their promises to shareholders, their shareholders then effectively demanding the money (raised by Aurum) be returned (but Aurum didn't have the money - hence the current sale)
- the legal ownership issue over the project that stalled financing (should never have been an issue, but unfortunaetely Aurum were a little bit naive in how things work in that country)
- the GFC of course making it impossible to raise funds (Kentor had a similar issue with the Kazak project they had option to acquire last year...but unlike Aurum were astute enough to realise they had no hope of getting finance and therefore let it go...killed the SP, but they were left in a strong position financially still)

etc etc

It's all clear as mud on the Aurum website if you can take your blinkers off and look at the information that actually matters, ie the legally required announcements they had to make earlier on in respect of this.

While you're at it, suggest you also look at the background of Kentor's managing director. Simon Milroy (a mining engineer mind you), and his experience with exactly this type of project...suggest you start with Pan Australia's gold/copper project in LAOS.

Cdchi1