AUL 0.00% 28.5¢ austar gold limited

notice received, page-23

  1. 4,468 Posts.
    So what are their plans for the money? They have other funds coming in too from Calcifer and Exergen. It is more than just running costs, the ann mentions 'exciting exploration plans' so we should at least here something about this.

    Since Exergen are now taking over BM, the exploration must be elsewhere. MM or one of the other projects.

    Obvious insider selling last week. At least we know the reason now. One for thirteen is not bad dilution.

    They were lucky to raise at 13c last time I guess. No avoiding the need for money to get on with projects.
 
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