An edited past FEARLESS post before KINROSS deal'
posted on
Aug 08, 2008 04:57AM
The company whose shareholders were better than its management
The following are parts of my correspondences with Fearless lately and are not all in order.
Fearless did ask me to relay a couple of messages for him and I agreed, so I will now let him take the floor, enjoy.
P.S., over the course of our conversations I have come to conclude that Fearless, who has worked in Mining all his life is not someone you would choose to mess with.
Widow,
Thanks for agreeing to relay this message for me. I could have signed up under another alias and done it but frankly it was not worth the trouble.
I just wanted to tell that fat curd, ARU’S CEO Patrick Anderson that he can look foreword to another law suit. It will be against management and state something to the effect that we seek to recover damages caused due to insider trading, knowingly publishing false information with intent to defraud shareholders and withholding material information with intent to defraud shareholders.
I particularly like all of these sudden fluff news releases. Perhaps management has caught wind of my lawyers sniffing around and thought they better start releasing some news. Seeing that the material they are releasing is nothing but unimportant crap at the moment and that they then take the opportunity to raise the supposed scary political boogeyman and the unspoken supposed delays this may entail.
They are nothing but disguised bashing in the hopes shareholders will grow tired and sell thinking they have time to get back in at a latter date.
Anonymous of course will be there to buy all your shares as he has been doing for weeks now. We are getting very close and these last attempts are truly pathetic. They spent all there ammunition in April and this is just trying to mop up what little they can.
The manipulators use you to attract an audience and so that they do not have to do as much work them selves. They then manipulate this audience and if you do not want to go along with there scam then at critical moments they ban you ha. The main reason I posted in the first place as I stated before was just to with the manipulators in the first place.
It appears that there are those who suspect that I was a pumper in order to drive the stock up so that the shorts could make more money as they drove the price down. That is far from the truth, I have lost plenty also. The manipulators finally won a round against me, not by hook but by crook. Something I plan on making them pay for. Let’s see if they are smiling as smugly in the future.
The SEC is going to all of a sudden clamp down on shorts and rumor mongers now that they are going after the financial institutions hahahahahaha. With supposed new laws that just happened to be on the books for years and never acted upon. That is because before now fear mongering, shorting and naked shorting was a big cash cow for the financial industry. All of a sudden now that it is being used against them it is suddenly against the rules, well against the rules if you use it against the financial industry hahahahaha.
Naked shorting is blatant counterfeiting of shares and of course if you can sell imaginary shares without end it will drive any stock down. It is illegal and should always have been illegal.
Shorting is not much better because shares are borrowed , I like how they say that, BORROWED, without in most cases the owners knowledge and consent, which he would not give if he new.
These borrowed shares then are given out for which the brokerage makes money on through fees and the person who has his shares lent out gets nothing. He does actually get something that is shafted, as those shares then are sold adding selling pressure that would not normally be there hahahahaha. There are those shorter who argue that they serve a purpose in the market. T
hat is total B.S.; no one has the right to counterfeit shares, or dilute the number of outstanding shares of a company but management. I think I will go out now and borrow all the fancy cars on my street and sell them on the market in China, I am sure the real owners will not mind because I am only borrowing them.
It is quite obvious to me in my opinion that management has a backroom deal cut with a company for a very large figure per share.
No doubt it would be much easier to progress this deal if all the retails were shaken out in order that only the main players need be paid. You scratch my back and I will scratch yours. This certainly would explain managements total disregard for its shareholders this year and even some things last year that I had given them the benefit of the doubt for.
The 4 for 1 stock split I always found peculiar and even posted that that it would have no effect because professionals care about market cap and not price.
All it did was give the manipulators 4 times the shares to manipulate with and the appearance that there is more volume. It also gives small retail investors who received the split the illusion that they have more and thus make them more tempted to sell or trade a part of them.
A strategy that is certainly constantly pushed hard on the ARU board. Just another ploy to get those retails to sell there shares.
Funny how all those supposedly knowledgeable posters could not add to my list of traders tricks that I posted. I only listed about half the ones I know. I did that in order not to too badly scare anyone and mostly to try if anyone could add to the most obvious ones.
Spreading false rumors is the oldest trick in the book. Rothschild perfected it and became very wealth because of it.
The lengthy delay between drill results and how they seem to be published just before or after one of Soto’s smear campaign articles is all just too coincidental. How many times did we have great news that was negated because of fear mongering news by Soto? I have been researching and the excuse of backlogs at assayers is B.S. Other companies seem to be able to get results within 2 to 3 weeks of deliveries.
What kind of CEO agrees to do an interview with a brokerage that has just smeared his company with a ridiculous target price while at the same time buy’s up shares of the company at more than twice their target price. Why only an idiot like Anderson would.
I suspect that Eric from the Haywood Brokerage House got mysteriously let go because he was too obvious in the scam he played on ARU share holders. Really how stupid, going on BNN the very day ARU is being driven down by naked short sellers, on the pretext of political BS, already having a target price figured out at 1.40 ha , while buying at 3.50 ?.
How dumb can you get? Haywood is afraid of a law suit and that is in my opinion why he mysteriously has left. I bet you the money he has made for them on that play did not leave with him though.
Eric is a prime example of how corrupt the markets are. Most analysts in my opinion are like him, they are just not so stupidly as obvious as he was hahahahahaha.
The fool had his ratio wrong when he said that 1% of the market was corrupt. It is more like 99% corrupt and 1% honest.
Do not sell your shares Widow; this is nothing more than a short attack and market rigging.
Widow if you allowed our broker access to your accounts when you signed up for your trading account I suggest that you go down to them and change it.
They at the time probably gave some B.S. excuse that if you allow them access that they would not charge you a service fee in case they had to send you some mysterious materials.
That is a load of crap designed to get you to sign away your rights to privacy of information about your account. When you read the small print it does not only give them the right to search through your account but it gives them the right to share it with others.
This is how they legally collect information on who owns what and how they can short margin accounts holders out and squeeze shorts out as well.
You might as well be in a poker game and show your hand every time before you bet.
That is why as I posted before, you should never take margin from these corrupt brokers. I however can not be too critical at the moment because I stupidly not wanting to sell anymore of my other securities decided for the first time ever to take some margin to by more ARU too. I thought that I would be safe and that the manipulators could not get it down anywhere close to where a margin call could happen this late in the game.
I underestimated just how corrupt these brokerages are and I did not figure on being sold out by our management.
There will be no confiscation of ARU concessions. Article 4 clearly states that any INDIVIDUAL who controls more than 3 concessions through either family members or through companies will be limited to 3. This is obviously a very good law designed to take back those concessions given to political friends who have then hidden ownership of them by giving them to family members or hidden them under shell companies but they in effect still own or control.
ARU is a public owned company with thousands of individual owners, none of who has a controlling interest and therefore it does not apply to us.
The fact that ARU has stopped operations because the mandate required it is total B.S. Article 8 of the mandate clearly states that those medium and large scale mining operations already operating can continue to do so. They will just have to renegotiate under the new mining laws. I would consider ARU who has hundred of employees’s and has been spending 10’s of millions of dollars, a large operation.
Funny how DMM, Corrientes and other miners have not had to stop operations because of this supposed mining mandate. The 4 small operating gold mines have not stopped and neither were the artisanal and subsistence miners required to stop either. Just ARU decided to stop hahahahahahaha.
Why did management sell shares when they did?
Well it could be coincidence that they just happen to sell large blocks of shares just before the share price is dropped by 70% after having virtually sold none for 2 years hahahahahaha.
I would say that it is very hard to scare retail investors out of a stock if management does not sell any. The timing of there sells stinks so bad I want to puke. I am sure Anderson will be made whole for his large contribution to the effort.
Curious that on the days of the collapse that Marla the just happens to be away somewhere. I guess Warman just happened to be away somewhere also. No one to answer questions and then our idiot CEO puts out the release of the preliminary Mandate that just happens to be missing the part in article 8 that say’s those medium and large scale operations need not shut down . He did this to supposedly calm investors’.
Perhaps Marla and Tim Warman of ARU’s Investor Relations were not there because they did not wish to make such an obvious false news statement that might come back on them later.
It seems that our idiot CEO cannot translate the mandate properly when he has had days to study it. Once again the section in article 8 where it states that those medium and large scale operations already operating need not shut down is missing totally.
Perhaps that explains the first whole paragraph of lawyer speak that he is trying to cover his ass with.
Oh look, our idiot CEO has now decided to drop all kinds of pertinent information from the ARU web site..
Funny how the media and the ARU board can keep in focus for weeks supposed windfall tax’s on mining, concessions being revoked, suspension of mining activity and yet when the truth comes out there is hardly a comment.
Other companies continue to operate and even have stated that there concessions are in good order and yet that is not published or splashed on the news. The preliminary mining laws come out where there is no mention of a windfall tax and it does not make the news or is even talked about other than to be dismissed.
What do I think of Otto? Well he has some good stock picks; he certainly is bang on with his comments on how our corrupt brokerages manipulate the premarket bids to set the price of a share at the open.
His target share price for ARU is laughable though . If he thought that his opinion mattered so little and that he had no effect on people then why would any company wished to advertise on his site and pay for the pleasure. Just who are these people who are growing his readership that tune in to a man who apparently has no effect on people and why then would Cannacord be monitoring his site ha.
These people do not spend all day posting and giving information away for free, ALL bull boards are nothing but infomercials to con you into following a certain course of action.
Notice how almost without exception everyone of our supposed long and strong ARU members turned basher when ARU went to $3 and remained bashing for days and weeks afterwards.
Now that the mining laws are all done Acosta steps down after having fought the good fight with Correa and thus maintains his image , just in case he needs it in the future hahahahahahahahahaha. Correa will then find a nice new government position for him to fill in order to replace the one he stepped down from.
We must be getting close to the 9th inning; all the bashers are now turning into pumpers and attacking anyone who says anything remotely negative ha.
Very interesting that Vale has raised so much cash. Lets see, a company that stated they wished to increase there exposure to gold last year. Ecuador is right in there back yard with one of the best underground gold deposits ever found hmmmm hahahahahahahaha. I always had them tagged as one my top pick to take ARU over.
It is too bad that Vale could not raise the full 14 billion, which would have priced ARU at my upper target of 100 per share. I would take their shares to make up the difference, no matter how much Otto does not care for the company .
Barrick also is gathering a war chest for a major take over. That explains the money they have raised and the lines of credit they have opened. It also explains why all the management sold there options earlier in the year, no doubt getting out before the massive dilution of shares which would have to be offered because they still do not have enough cash to take ARU over..
A brokerage is anonymous for only one reason, because he wants to hide who he is, because he has something to hide.
Most of the other news outlets that covered the fear mongering in April even stated that they were reporting it as reported by Reuters. No doubt to cover their buts in case of a law suit.
Another coincidence, apparently ARU does business with Thompson financial, which to me certainly is convenient ha.