It is disappointing how the recent CRs have been managed. Both...

It is disappointing how the recent CRs have been managed. Both timing and execution.

Investors expect much more from someone with so many years of experience as Brian. You didn't have to be a genius to see that the economy would be deteriorating for at least a year now, and the initial CR should have been much higher to avoid constant dilution at lower and lower prices. And this happens despite Brian reassuring investors that he was trying to avoid dilution.

His decision-making is not as sharp as I hoped it would be.

Loads of red flags, I'm afraid.

1 Delayed DCF; does the project still adds up?
2 He keeps mentioning in his interviews that ongoing funding is an issue - well, that is not encouraging.
3 Gold price below the initial estimates - it might go lower despite what others say; there is not much trust in gold at the moment
4 Mixed predictions about copper demand in the next few years due to the economy slow down


The AAU is not as cheap as everyone thinks. Considering the above, There are many better-positioned ASX companies to choose from in the current market condition.

Is he confident that this CR will be successful? He had a problem finding investors the last time.
He keeps listing AUU in random markets. He does buy shares on market but it seems that he just trying to stabilize the price in order to raise more money. He cant do it forever. At some stage, the price will crash.

So he screwed the option holders by issuing more options last time; what options is he's going to offer now to get more interest?

That's the way to nowhere; he needs to change something; otherwise, it's going to be another failed junior mining company and his second failed project.