Since the catch up with Phil Avery last week i must admit, im a little impressed with his "will do"attitude....
With-in 2 days he put out some Q and A 's as promised about the consolidation and future raising's, maybe not all questions were answered for ALL holders but it went a long way for a bit of clarity....
Whilst talking to Phil last week i did ask if he has spoken to Macnally and he did say"yes,several times" and something might come about of their communication, but could not comment about what was talked about(but you didnt have to be a genius to work it out)and here we are today....GREAT NEWS, our biggest sh on the board and delivered what average sh's wanted.
Macnally like most of us were worried about the future 100-1 consolidation, Phil wants the consolidation to work and voted through to take AUL to the levels he feels they can climb, at 30-40c he knows they will be ready for anything that comes their way(and possibly lots if A1 finishes in court to our favour)
He reassured Macnally like he did with us that sh's will not be diluted, everyone will be able to buy into a RI or alike at the same rate as any other investor if and when needed, we will ALL be able to ride the AUL wave when delivered and offering Macnally to come on the board and have his say/vote count makes all the difference and should instil confidence to ALL holders that the team are working together to make this work and make us all money.
Tom and Phil were on different pages to a degree, they were different on the way forward for AUL, Tom was methodical and thorough and Phil is driven and does not have "cannot do" is his DNA, he will make this happen and has 30m shares and will be buying more as his milestones are being met, he works hard and has the right attitude to bring this all together....The new top miner is a great replacement and will be in more aligned with the progress Phil wants.,
Also cost cutting, work force going on permanent contracts as employees so they have to give 3 months notice meaning he wants to keep and retain good quality work force that dont go from job to job(this is also cheaper than contract work)..
A new maintenance manager with stacks of experience to sort any problems that occur(there are lots with this type of mining)so instead of having lots of downturn/non productivity it will be operating more and more as we go forward.
He is very keen to keep looking for high quality gold on our land, he will keep exploring and believes our land potentially has more gold than previously mined and has the desire to find it...
He has listened to sh's and has acted accordingly, he has spoken and delivered his proposal in a Q and A that he will not dilute sh's after consolidation, he has got the biggest sh on the board to have ALL sh's interest countered for(Phil being one also).He wants to add(if A1 comes into play)more asset based feed, there is an awful lot to look forward too with this BoD(more so now)and the will to make this work
A massive tick has been made, if our major sh votes yes to the consolidation and can have a say after how and how much we raise that must be a great result for EVERYONE
Good luck, the future imho just got a lot brighter
AUL Price at posting:
0.4¢ Sentiment: Buy Disclosure: Held
