AUL 0.00% 28.5¢ austar gold limited

Ann: AuStar Gold to be acquired by White Rock Minerals, page-41

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  1. 335 Posts.
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    Contingency planning RR.
    Trial mining unfortunately wasn't profitable over the last 6 or more quarters to enable a sustainable - go it alone operation on minimal funding. There comes a time to cut and run, as the alternative, would have ended in tears for long termers. Good Deal for current holders.
    The perceived risk is now with WRM. What they do with it, and how much cash they allocate to it will be of interest over there.

    Good arbitrage trade this morning here.
 
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