Ann: AuStar Gold to be acquired by White Rock Minerals, page-17

Ah vert defending the indefensible to the bitter end. Your rose coloured view can be countered by some facts like:
Mined for over a year and never turned a profit.
Mined for over a year but needed at least 2 cap raises while mining.
Operating hand to mouth each 1/4 without adding oz to their inventory.
Minimal exploration or clear plans where, how and for how much to drill.
Changed management.
Supposedly upgraded the plant multiple times. How many upgrades does it take to get it right?
Supposedly cash flow + next quarter, how often has that prediction been repeated?
What's the difference between cash flow + and PROFIT?
Sold the lot for how much compared to the amounts the shareholders stumped up over the years.
Anyway I hope the new mob has a good bank balance as raising money yet again for this project and tenements ts will be a very hard sell, imo.