AUL 0.00% 28.5¢ austar gold limited

Ann: AuStar Gold to be acquired by White Rock Minerals, page-49

  1. 2,701 Posts.
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    Yes I think you are correct about that beyondthemarket, the only risk is that the deal does not proceed, very unlikely IMO as AUL and WRM share similarities such as, identical major shareholders and up until the deal was recently made public sharing a board member.
    AUL has had geo's collecting data from the field for many months now, which will require a follow-up drilling and exploration campaign, (Something AUL unfortunately has not been able to get there act together and execute in the past) I believe this will be a major driver in the deal as prospective sights will already be known to Matt and Co.
    IMO we will see one mid tier Mining / exploration company in control over the whole area by the end of the year.
    There's probably money to be made upto the higher 30's, is that your opinion?
 
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