AUL 0.00% 28.5¢ austar gold limited

Improving shareholder communications, AuStar Gold, page-26

  1. 8,407 Posts.
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    Hello Phil,
    A bit of feedback from a past shareholder.
    I'd strongly suggest changing the consultant or whoever it is that has done the report writing the last few years. I have been disappointed with the levels of detail reported. A real trend of not reporting bad results and only the good points. The company needs to start reporting the facts even if they are negative. Start reporting things like costs of production and mining inventory estimates. If the company is to be taken seriously it must start with open reporting so investors can value the company. It has seemed like the company is mining without a detailed mine plan and hoping for best results. I understand the need to place a positive spin on results but AUL has taken it too far imo and I now read reports with skepticism even if it is not warranted.
    I also suggest you visit another Australian stock market forum and have a chat with your investors there, I'm sure 03boz can email you the name of it. And when you do, if you identify the rude disgusting individual strongly promoting your company I'd be very careful with any communication you have with him as he does the reputation of the company no favors.
    I wish you and your shareholders (most of them anyway) the best of luck with your up coming capital raising. I hope it is successful and AUL becomes a profitable gold producer.
    Watching with interest.
    Regards
    HR65
    ps If the company hasn't started doing so it should reply to all emails sent via it's webpage. I have made inquiries in the past without reply.
 
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