Australia's largest stock trading and investment forum Australia's #1 stock forum

AUL

0.00%

28.5¢ austar gold limited

Ann: Company Presentation - June 2020, page-39

First 39 Last

Share
Profile

Follow
vertigo

11,416 Posts.

350

21/07/20

20:46

Post #: 46018706
Share

Originally posted by mattyedw: ↑

No still here, enjoying reading all the misinformed commentary in the absence news.

"They must be low on funds"

No, as has been corrected.3 AND A HALF MONTHS LATER, the funds would of certainly decreased and still no drill on site.....

"with gold going through the roof and most goldies giving good returns"

Perhaps they are quiet because they are working on something?WHAT ARE THEY WORKING ON????/THEY ARE SUPPOSED TO BE ON SITE DRILLING...Wheres the Ann to say they have changed plans and keep sh's informed?
If you look at ADV, it has a MC of $40m for nothing more than nearology to AUT, AUL has $8m MC for nearology to Morning Star which produced 800,000 ounces at an average grade of 26.5 g/t, in a 70km long gold zone, a processing plant and two operating mines.
ADV, GREAT IF YOUR IN FOR THE RIDE, but old holders will still be well in the red, just like everyone here, is it only NEW holders that will profit from any pumping?????

"Is A1 on the cards???? Probably not"

Well considering Gandel won its court case it is more on the cards than it was a couple of months ago.CANNOT GET THIS ABOVE 3C TO RAISE THE MILLIONS REQUIRED, ALSO THE PLANT WOULD NOT MAKE MONEY imho ON ALL THE BREAKDOWN TIME IT WOULD HAVE....

"could this plant really maintain a 24hr 7 day a week operation, imho not a chance, the plant could hardly work with the small infantry we put through it without breaking down"

Must have missed the announced completed plant upgrades of a pre-crush circuit and additional Wilfley table. Increasing efficiencies and recoveries..YPGRADES...LOL, THIS PLANT HAS AND WILL HAVE MORE DOWN TIME THAN A 40 YR OLD HOLDEN THATS RAN OUT OF OIL

The amount of info that mat posted that was incorrect, I can only guess that he was the large buyer waiting at 20c and posted to announce that it was removed to spook some sellers so could scoop up some more.NOT A CHANCE OF BUYING MORE...History repeating itself and only if your new and take a punt you might make a quid on the pump, other wise, long termers dont atsnd a chance..

As far as being incorrect, well from a 80% decline in SP, i would say im a lot closer to the realism as to your stand on hope and fingers crossed

Expand

"WHAT ARE THEY WORKING ON????/THEY ARE SUPPOSED TO BE ON SITE DRILLING...Wheres the Ann to say they have changed plans and keep sh's informed"

The last announcement said they were buying their own rigs, they will announce when something materially changes.

"ADV, GREAT IF YOUR IN FOR THE RIDE, but old holders will still be well in the red, just like everyone here, is it only NEW holders that will profit from any pumping?????"

Nothing stopping you from averaging down, as I have done. $8m MC is a steal, Barkley Pearce agrees.

"CANNOT GET THIS ABOVE 3C TO RAISE THE MILLIONS REQUIRED, ALSO THE PLANT WOULD NOT MAKE MONEY imho ON ALL THE BREAKDOWN TIME IT WOULD HAVE...."

Rubbish on both counts. I have posted twice now that the plant has been upgraded...
Here it is again for those that have difficultly reading

AUL Price at posting: 22.5¢ Sentiment: Buy Disclosure: Held
3 Upvote

0 Great analysis

Reply

Top Stories

The Rising Tide: How institutional adoption is shaping the future of crypto

SER

How flooding did Strategic Energy Resources a favour: Four holes down in 'redesigned' gold & copper campaign

Week 34 Wrap: HotCopper's top watched; Oz banks cut saver interest; Kamala’s 28% corporate tax; AI’s back

CC9

Chariot locks in high-potential drill target at Black Mountain, one of the USA's largest lithium landholdings

Why are so many ASX explorers setting up shop in Saudi Arabia? + 8 stocks to watch

There are more pages in this discussion • 2 more messages in this thread...

First 39 Last

Add AUL (ASX) to my watchlist

Ann: Company Presentation - June 2020, page-39

Top Stories

The Rising Tide: How institutional adoption is shaping the future of crypto

How flooding did Strategic Energy Resources a favour: Four holes down in 'redesigned' gold & copper campaign

Week 34 Wrap: HotCopper's top watched; Oz banks cut saver interest; Kamala’s 28% corporate tax; AI’s back

Chariot locks in high-potential drill target at Black Mountain, one of the USA's largest lithium landholdings

Why are so many ASX explorers setting up shop in Saudi Arabia? + 8 stocks to watch

Featured News