AUL austar gold limited

I would be shocked if they get out of coal. Thats a massive...

  1. 195 Posts.
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    I would be shocked if they get out of coal. Thats a massive strategic shift.
    The company only got into gold as a logical hedge for the coal downturn. To move away from coal now would put all the eggs in the basket of the gold price. Even if we have some whiz bang new technology to bring to the table for Gold, our projects are just not sound enough at this stage to go all in on gold.

    I get that coal is out of favour, but wasnt the whole point that in combination with our partners technology we could change the brown coal game? If it is not significantly costing us to hold onto, why get out at the bottom of the cycle?

    Hope this is a sell off of GC that can fund MCO into production without further dilution....
 
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Currently unlisted public company.

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