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28.5¢ austar gold limited

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270 Posts.

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06/09/19

15:02

Post #: 40341180
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Originally posted by nk: ↑

The obvious reason is that the results were not worth releasing!

Without the CTL deal AUL was a dead duck, Morning Star has no JORC reserves. It is a graveyard for investors

I spoke to a very experienced airleg miner (" nk, the biggest danger underground is not the rocks., its the inexperiened guys you work with") who did a short term contract at A1 and based on that conversation concluded it was very tough going to make money at A1. the only thing that has changed is that the gold price is $600 higher than when i spoke to him, consequently i believe the A1 is payable at over $2000 gold.

Development costs are very high in these mines and poor ground conditions can easily blow the budget to pieces.

Still unsure as to whether to take up the CR. Depends on he final deal.

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wtf? More details required please...

AUL Price at posting: 0.4¢ Sentiment: None Disclosure: Not Held
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