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28.5¢ austar gold limited

They dont have any debt name one which had zero debt. It's being...

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vertigo

11,416 Posts.

350

06/08/19

18:00

Post #: 39889072
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Originally posted by mal230355: ↑

Melodramatic eh? I can name a few where the short term pain has led to eventual administration.
Sometimes 'chipping in' is more like burning cash. For me AUL is a very risky proposition at the moment with a couple of chances but nothing which indicates a likely success.
I know $10 mil cap but its that for a reason and that's that bigger players dont see it as a risk/reward worth taking. Look at the gold price vs buying interest in the stock, speaks volumes.

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They dont have any debt name one which had zero debt.

It's being derisked all the time, with new discoveries, working plant etc

They need preferably the following..plant running to capacity on highish grade ore, increased inventory and good discovery in tenement holding.

Obviously the reward outweighs the risk hence you still hold...

Last edited by vertigo: 06/08/19

AUL Price at posting: 0.3¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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