AUL 0.00% 28.5¢ austar gold limited

Ann: June 2020 Quarterly Activities Report, page-17

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  1. 954 Posts.
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    It is NOT profitable - read the report for heaven’s sake. They do NOT have two producing mines. McNallys is pinching out and is the only current source of mill feed. They do not have the funds to to continue their loss making MS operations let alone the many millions needed to mount an exploratory drilling campaign. Unsure as to why two new gen sets are needed given that they are now on grid power.
    This is another flowery report that attempts to put lipstick on a pig. Just how long are you going to remain in denial? Stop promoting a lost cause and have consideration for the holders and potential holders who might place some store in your naive postings. The market cap is what it is because those who understand the industry deem that to be its value. Frankly, I think that it is overstated by a factor of ten. It’s real worth is that of the mill and tax losses.
    A great project for a private hands on syndicate who understand narrow vein mining and the geology of the region.
 
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