There might well be “something going on here” but I am of a totally different mindset to the armchair experts here. I am a miner (retired) with ethics and have been eternally underwhelmed by the performance of the AUL management. They (apart from the recently departed non performing board member) have no mining qualifications and have had no moral right to have been drawing their stipends, supported by endless capital raisings, to the detriment of the ever suffering shareholders. Their resident cheerleader has been an ongoing embarrassment as have been the rinse and repeat presentations put out by the company. The only reason that AUL is still breathing is due to the potential tie up with WRM which, in itself, should be subject to intense scrutiny. There is no upside for WRM shareholders so one needs to ask who are the real beneficiaries!
AUL Price at posting:
30.5¢ Sentiment: None Disclosure: Not Held
