AUL 0.00% 28.5¢ austar gold limited

Highs only came when WRM merger came on the scene....millions...

  1. 7,280 Posts.
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    Highs only came when WRM merger came on the scene....millions needed for them to exit

    Do you think the LARGE shareholders one of the largest who is now a director are after their money back on this failed entity, of course they are....

    Long termers average price is 8c or 80c before we got led down the garden path pre 100-1 consolidation, the sophs who were convinced to come in average around the 30c mark, thats why the merger is good for the big holders with low averages and having a common foe that has ties to both sides will help make this happen.....

    There is nothing wrong with jumping on the bandwagon and making the money on the merger with the deal laid out as it is but that is for newbies only and for Sophs who were in at the right price to this WRM/AUL ration offered now...

    Even you Mal bought way up there in the mid 30's plus and you have had to average down to keep the ratios happening.....

    If you get out with profit when the volume comes(certain it will)then its a trade well done, but holding is dangerous as if these guys are prepared to go down this route with a shit mine and ground(both proven)then what does it tell you about what can happen down the road....when the volume has gone and the red % gets bigger

    You are only looking for the last couple of years....AUL have done nothing for over 18months (except the usual bullshit on what they want to do but never do)

    Imho its just a way for sophs to get out with the volume im sure will be created and traders to earn a quid on the way, again nothing wrong with a trade but to hold and say this ground will "hum" with gold is just how many got trapped before time and time again


    Good luck though
 
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