Diamond New Alert – AUMY

Posted by Admin on June 23, 2010 under Penny Stock Alerts Blog | 2 Comments to Read

Okay so here we go…

News makes gains so hopefully this alert will stay true to that fact. Today’s alert is on AUMY – Auric Mining Company.

Here is a little cut and paste about what they do:

Auric Mining Company (Auric or the Company) is an investment and management company focused on the mining sector and natural resources projects. The Company utilizes its resources by investing in on-going projects to establish immediate cash-flow for the company and provides profitability for its shareholders. Auric performs extensive research through numerous databases of public natural resources companies who have substantial findings already proven. Auric will invest in these companies in exchange for shares and revenue sharing. The Company is constantly seeking acquisition opportunities with significant exploration upside in the form of entire companies or packages of assets that provide an undeniable possibility of hosting base and precious metal mineralization. The Company possesses an unparalleled ability to identify successful mineral projects and uses a field-oriented management style with a flat organizational structure. The company is currently focused on developing its properties in the Wawa area of the Sault Ste. Marie Mining District in Ontario. In addition to its prolific history for gold mining, Wawa has shown promising signs of concentrated kimberlitic indicators, a favorable geological formation for diamond exploration. The company has a number of claims strategically located in this historic mining district. We have taken significant effort to assure our shareholders and potential investors that the properties we explore deserve investment of time, effort and financial commitment necessary to establish successful mineral production in the future. For more information please visit http://www.auricminingcorp.com/

This is what I really like about AUMY, besides the fact that they came out with news after the close…AUMY isn’t itself a mining or exploration company. AUMY is an INVESTMENT company. They don’t go around doing the mining and exploration themselves. AUMY invests in companies who already do this.

It’s a sophisticated strategy and I believe it minimizes risk as well as maximizes profit making opportunity. The way I see it, these guys are like…predators. They’re like Gordon Gekko. They’re like the guy who will give you a loan to keep you from being foreclosed on and then collect 10 times more than the loan amount.

Now the guys over at Auric Mining probably wouldn’t agree with that statement, but that’s the way I see it in my own personal opinion. The thing is, I see this as a very GOOD thing. Gordon Gekko makes a lot of money, and so does the ruthless bank or loan shark that keeps you from being foreclosed on. These guys exploit individuals or companies who are in need of funding. Companies who need funding are very vulnerable because they will agree to very unfavorable terms because they’re desperate. This is unbelievably fantastic for the corporation loaning them money. AUMY is that corporation. AUMY is the Gordon Gekko who comes along to “save the day” and ends up reaping huge rewards.

Here is what AUMY does. They do a lot of research through various databases to find natural resource companies that are already proven to have substantial findings. So they hunt for natural resource companies that have a lot of potential and are already proven. THEN, AUMY agrees to invest in the company in exchange for either shares of the company, or revenue sharing.

This is quite a good arrangement for AUMY. How do I know this? Because usually only desperate companies will accept investors. With the businesses I’ve owned in the past, I’ve NEVER accepted one dollar of someone else’s investment. If I let someone invest, I have to give up something big in return like money, control, or something else I don’t want to give up. Anyone who needs funding is usually willing to accept it under whatever terms they can get it.

If AUMY is as sharp as I think they are, they negotiate extremely favorable terms for themselves.

I think it’s very smart and throughout history lending to desperate corporations has always been a very lucrative way to make money.

Here is the new news that AUMY just came out with:

http://finance.yahoo.com/news/Auric-Mining-Provides-iw-925811275.html?x=0&.v=1 ;

They just provided a corporate update that contains some pretty exciting stuff. AUMY discusses potentially tapping into diamond resources in Canada, which is now the 3rd most dominant diamond production country in the world.

Just like how in the movie “There Will Be Blood” the main character searches for oil in a certain area because he found out Standard Oil, one of the biggest oil companies, was looking in the same area.

Well if you read that article you’ll see some of the biggest brand names out there, like De Beers and Rio Tinto, are searching for diamonds in roughly the same vicinity as AUMY’s “Dog Lake Project”.

When you see the biggest and smartest names in the business searching through a certain area, you can bet they know what they’re doing. That’s why I think AUMY is set to take off.

With AUMY having a deviously lucrative business plan, as well as releasing news after the close today, I think we should get ready to book some profits on AUMY. All signs are pointing to gains on this one.

Talk to you tomorrow,

PSA – Penny Psycho

www.pennystockalerts.com

Don’t invest purely based on what I say, do your own research and consult with a licensed professional before investing, only invest what you can afford to lose.

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