AUL 0.00% 28.5¢ austar gold limited

prospects, action, and our struggling sp, page-3

  1. 12,643 Posts.
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    I understand what you are saying Kranky, and I agree with you in a bull market... All year the focus has been on BM and getting the JV and project moving... Yet we are pretty much in the exact same position as we were this time last year in regards to that...

    MNM haven't progressed on their gold/silver project in the last 12 months, SO WHY NOW?

    according to the news article posted on an earlier thread

    "At the moment the priority is the Granite Castle Gold drilling ... it is the next cab off the rank ... we're hoping for some positive results from the next phase of our exploration on that project. We're pretty confident we'll get some good results."

    "If we can have some good results at Granite Castle and continue the development at the Bacchus Marsh clean coal project, in so far as completing the joint venture with Exergen, we should have two pretty exciting projects in the company ... "

    Next cab off the rank? SINCE WHEN?? Look how hard it was to raise a relatively small amount in a couple of million dollars... The market looks to be in a bear market, it's not what it used to be, with uncertainty everywhere...

    No doubt that we will need to raise more funds in the not too distant future, so why 'waste' money on a project that hasn't really been the focus all year but is now the next cab off the rank? Something does not add up...
 
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