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28.5¢ austar gold limited

Improving shareholder communications, AuStar Gold, page-174

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vertigo

11,416 Posts.

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13/03/20

16:31

Post #: 43480500
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Originally posted by zencol: ↑

Because the way things are shaping up, even with a successful CR, depending on amount raised, whenever that happens,
the share price will end up at 10c anyway, if we're lucky, and we won't have the money, at least with the suggested raise we
would have had the money to make a serious attempt at finging gold on other sites
and if the current operation continues to produce a net positive cash flow we would stand a chance,
Yes the net positive cash flow is welcome but its miles short of making a sustained effort on the exploration front.

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If it was raised how you suggest you would guarantee it would be 10c or lower, whereas otherwise it would potentially dip but would bounce back. So it's a bad idea.

AUL Price at posting: 24.5¢ Sentiment: Buy Disclosure: Held
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