AUL 0.00% 28.5¢ austar gold limited

Capital Raise Alternative?, page-6

  1. 22,683 Posts.
    lightbulb Created with Sketch. 84
    More dream time !

    Who would participate in a C.R. or placement at current, or higher S.P. ?

    I can't fathom why you can't see that they need cash, and soon,

    seeing as how little they have left at the end of this qtr.

    Even "selling" gold, when processing a lousy 85 tpd,

    will give them how many $$$ in sales?

    Certainly nowhere near the current and previous

    qtrly forecasts of $2 mill.

    If production starts at the end of this month...………………………….

    " Processing is expected to commence before the end of February. "

    Not even sure themselves if it will, note the word 'expected' to commence.

    So 2 weeks of production this qtr, plus approx. $500,000 cash

    to start next qtr off.

    NOT looking good.
 
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