At the shareholders meeting I attended this year there was a real determination of getting the sp to around $1.50(after consolidation) and a conviction on how it would be done
To get to anywhere near that it will have to be generating $30-40m p/a
This they were aiming for in the first half of next year
I say all things are setting up nicely for their prediction to come good
Plant running full time with feed and high recoverables will be a good start and using profits to keep drilling the biggest gold field in Victoria to keep the high grade feed coming bodes well for share holders
AUL Price at posting:
0.4¢ Sentiment: Buy Disclosure: Held