Hotrod. Agree that they are dreaming to get A1 for $2mill. At present the Administrator (Korda Mentha) and the biggest shareholder "Gandals" are heading for the courts to decide if he is a creditor or not. If Gandal wins the DOCA will be withdrawn and he may become the owner of A1. It will take a lot more than $2 mill to get it out of his hands.
Don't know much about ore sorters but at present we don't need it since AUL can't fill the small mill as it is. As Krum says you can mine as wide as you like, but the problem is you can't haul the extra tonnage up the shaft quick enough. If Rose of Denmark, Hunts, Dempseys and even toll treating A1 ore plus the Morning Star ore is all going to the mill at the same time, an ore sorter sounds justifiable. The share holders of CTL did a similar thing to what the AUL shareholders are trying to do. They got the 5%, called a meeting and got one of the directors (Dale Rodgers) to resign, sadly it was all to late.
Can't wait for the quarterly report, they need to tell us the cost per ounce for MS and RoD.
AUL Price at posting:
0.3¢ Sentiment: None Disclosure: Not Held
