AUL 0.00% 28.5¢ austar gold limited

agm today - any updates expected ?, page-28

  1. 192 Posts.
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    Fakey, The possible extension of the MNMOA`s was mentioned but we were told its not legally possible. Still not 100% impossible for these to get in the money.

    Norton Gold mine is the short term cash flow option, they believe it could be up and running within 12 months.

    Other gold projects wont be drilled until next year after the wet season and once drill modelling can be done. Very bullish on gold prospects.

    Technology needs to be proven at a commercial level before much else can be done at BM.

    Fortrend facility still in place and can be used for funding at any time.

    Up at MM the Queensland government has a backlog of applications etc to get through and with the complexity of MM nothing happening there in the near future.

 
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