Aureus Mining Forum

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20:24 13/10/2016

My enthusiasm for Aureus Mining is waning in an atmosphere of little news and continuing problems. This is the sort of situation which rings alarm bells to me. Withholding progress reports and choosing to be very frugal with the truth is not a recipe to entice investors. We are now 6 months into the New Liberty restart, and all we see is a fading share price. There has been time enough to optimise conditions, and liaise with existing mines which use low grade ore, and seek advice. There has been time enough to despatch new inventory to the mine to ramp up the extraction process. Investors need information which addresses process obstacles, debt repayments, the amount of bullion being shipped and some forecast of future events. No good will become of this whole enterprise if these and other issues are not promptly addressed.

20:30 08/09/2016

By Jove I have been humbugged! I anticipated a move at New Liberty to rationalisation, but of the process rather than inventory. But a clever move nonetheless! New Liberty could not have survived in this present economic environment where the cost of pouring gold equaled the current price of gold. New Liberty has some leeway now, and should the price of gold increase due to economic turbulence, then the business would prosper. This still does not excuse New Liberty for its being economic with news updates.

16:33 31/08/2016

Will the new management at New Liberty be the ones to sink the nails in the coffin? Only time will tell. But time is running out. Investors need to be kept abreast of developments. With a gag on news, investors are fretting, but their patience is running thin.

21:25 29/08/2016

If the new Board of Aureus seem to be drowning in technical woes, one solution would be to farm the problem out to another "player" who is more adept to fine tuning. Management have not to date declared a breakthrough on technical problems, and we can only surmise, in the absence of reports, that difficulties still remain. If these problems are not ironed out soon, it would not be too surprising for investors to jump ship, and parley with Centamin and the like, which does not seem to be bogged down in the mire.

18:41 22/08/2016

With a gag on Aureus, and few other contributors, it appears that I have been "chosen" to fill the gap. When Aureus does publish, investors need to see a production price of less than $1,000 / oz and a good recovery rate. Gold price for 22 Aug 2016 is $1,339 / oz. To publish figures of $1,300 / oz will make investors mad and send them scurrying for cover. Further, the process needs to be repeatable and be able to handle thousands of tonnes of ore. The investment world will see the wilful withholding of bad news as tantamount to a criminal offence, which is a poor entree for a new company. The new Board need to be aware that the train packed with investors will be leaving the station soon, so New Liberty better get its skates on.

18:53 17/08/2016

What the heck is going on at New Liberty? Evidently the new owners have not got the Midas touch, and they are not keeping us properly briefed. Be ready to cut-and-run.

07:38 16/08/2016

Beginning of comment below did not register, "Will Aureus............

07:36 16/08/2016

ureus rise like a phoenix out of the ashes, or forever be lost in a sea of ignominy? The share price cannot be beaten that much lower before this stock is lost in space. What is the new Board doing about it?

08:48 11/08/2016

Correction, last line, per ounce. Apologies.

18:54 10/08/2016

The SP is heading south again, nearing its 52 week low of 2.25p. Only timely action by the Board and prompt, or should I say very prompt updates will keep the company afloat. If there are problems with refractory ore, investors need to know. If it's a question of needing specific pieces of machinery, again, we need to know. The Board shoot themselves in the foot if ever they think of "them" and "us." We need very good information flow and that all important gold pour. A statement needs to be issued saying, for example, we started with 0.5 tonne of 3.5 g / tonne ore, and after the following processes, and after so many weeks, produced so many kilos of gold. And then the statement needs to go on, "And this compares with perhaps 3 other gold producers in the Table shown below." Then, to conclude, "We are pleased to announce that we can produce 10 kg amounts of gold at each pour, at a cost of US$ 1000 per gram." That has got to be the gist of it.

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