Betrayed: the story of Aurelian Resources

This is the story of Aurelian Resources, and how everything went horribly wrong when the company's management sold its shareholders down the river.

When evaluating a mining company, the conventional wisdom is to look at the share structure, properties, and management. It's often difficult to get access to management , so I usually looked at just the share structure and the properties. I figured that if they had good properties, that implied good management.

Wrong, wrong, wrong.

Even if you have the best project in the world (which Aurelian had) if you have bad management (which Aurelian also had, in spades) it doesn't matter how good the project is. Sooner or later, the whole thing will turn to ashes. Watching Patrick Anderson ruin this company was like seeing a clumsy sculptor butcher a beautiful piece of marble.

Watch, enjoy, and most of all, learn. A smart man learns from his mistakes, but a wise man learns from the mistakes of others.

The music is the frenetic song, "Betrayed" sung by Nathan Lane in "The Producers." For a more emotional look at the Aurelian story, visit:

http://www.youtube.com/watch?v=TDKRLfeo6N8

Category:

Entertainment

Tags:

• Betrayed
• Aurelian

[SOCKOFAN1]

The song is "Betrayed" sung by Nathan Lane from the Broadway musical "The Producers."

[outonthetiles]

I'm surprised no one every mentions Keith Barron? was he not around when this was going on? he founded the company with Patrick back in 2001.

[meowmixtures]

nice video, and snapshot of what went on with the company!

[mascar33]

Its happening right next door again at EC. Hope we sheep don't get fleeced again.

[bernardobec]

What do you think about Northern Miner making them the Mining Persons of the Year?

[meANDrrr]

what song is this?

[boardlot]

Don't expect assistance from the OSC. They refuse questions. They advise to consult a Lawyer. Why are WE paying their $100,000. Plus Salaries?

The Lawyers & CDN JR MINING COMPANIES' BOD should be paying them. The Best you can do is LOSE when your CEO & BOD are possessed with GREED. WHEN THEY ISSUE THEMSELVES MILLIONS OF OPTIONS SELL. WHEN THEY SELL MULTI THOUSANDS OF SHS SELL. Don't believe stories of "Why" just get OUT. WHEN THEY SELL TO THE FIRST BIDDER IT'S TOO LATE.

[Kerrisdale90210]

Anyone thinking of investing in Canadian junior gold exploration companies should watch this video and then do NOT invest in ANY of them. The game has changed thanks to Kinross and the crooks at ARU. These is NO REWARD for investors in any of these plays anymore as the bar for takeovers is set very very low now...try 60.00 in situ.

Is Patrick Anderson in jail yet?