AUL 0.00% 28.5¢ austar gold limited

bacchus marsh update, page-116

  1. 526 Posts.
    It's funny how people get bogged down in crap being fed to them and loose there reasoning for what seemed an excellent investment only weeks ago.
    Quiet simply we have a huge to be Jorc resource unfolding in Bacchus marsh, a top notch brown coal benification company in exergen backed by huge multi national players in there chosen fields very hungry for the resource. An md who has held Senior positions in some of these companies and enjoys very close ties. These are scenariios that other companies could only dream about,And that's just Bacchus marsh/ exergen, on top of that we now have mt mulligan firmly in our grasp, an ilua which is a formality and an excellent relationship with the traditional owners. Clarification and developments in regards to mt mul could happen at any time formerly bringing the huge value of this asset into realisation and sending the sp into orbit. Of course there are risks and situations can change as projects with massive potential grow legs and try to walk and For some it's easy to be spooked and loose sight of the huge potential right under there noses but with a market cap of around 27 mil currently it's not a hard decision for me to give management every chance to smash home runs on both these projects.
 
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