auz mines, director sells up..., page-2

I don't know much but I do know the MD is also in charge of TGF, a small gold exporer working in China. TGF are rather close to proving a rather major gold deposit and it is a company heavily backed by big institutions. If I was closely involved with TGF and had any inside knowledge of the developing resource estimate then I would certainly be putting my money and time there rather than AUZ, as AUZ will be solid if the Nickel price remains high for the next couple of years, but it is unlikely to skyrocket during that time unless there is a big discovery. All discoveries so far are possibly going to make money but not the 3mill oz+ gold that TGF is looking at. Having said that I now hold AUZ again on the recent weakening (as well as TGF) as AUZ could easily get back to 4c by the end of the year if the quarterly report shows continuing profitable mining and if the recent exploration success continues. That would be a gain worth holding for!