Australia's largest stock trading and investment forum Australia's #1 stock forum

AUL

0.00%

28.5¢ austar gold limited

" says their cash position is over $1 million" Cannabis and AUL...

First 40 Last

Share
Profile

Follow
HotRods65

8,435 Posts.

597

29/06/18

13:10

Post #: 34038066
Share

Originally posted by sisyphus.climb ↑

All good, I play the same role over in the CAN threads and it's incredibly frustrating. Medical Cannabis attracts many low quality investors with little or no financial experience and the comments there frequently cross into the completely absurd (a couple weeks ago one user was touting a $20.20 SP target which would value CAN at almost $3 billion). Appreciate the apology anyway.

You mentioned AUL's low cash position earlier and I couldn't find much up-to-date info, but this morning's update on the recent non-core asset sale says their cash position is over $1 million. I have no experience in mining operations or the costs associated (though I'm learning), but I do have experience in exploration and $1 million could fund a fairly significant drilling program to establish resources and push the SP up for a good CR. Do you mind giving your thoughts? I'm still building a complete picture of AUL and I'm still a long way off my planned position, so anything you can tell me or point me to on their specific situation would help me adjust my strategy. I admit, I'm relying more on exploration investing strategy currently, and I'm sure there are important differences here I'm not aware of.

Expand

" says their cash position is over $1 million"

Cannabis and AUL what a combo .

AUL Price at posting: 0.7¢ Sentiment: None Disclosure: Not Held
3 Upvote

0 Great analysis

Reply

Top Stories

GDM

Banshee's historic trenches prove rich in antimony and gold for GDM

CLE

Cyclone signs MOU with Vale for development of Iron Bear play

EEG

NT Gov't delivers environmental approval for Empire Energy's Beetaloo Carpentaria pilot gas play

3DA

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

CUF

CuFe sells its Crossroads gold royalty to Northern Star for $4M cash; says better than waiting for mine launch

BTH

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

BNL

Blue Star Helium sees approval for five more wells at 'Galactica/Pegasus' project in Colorado

Week 46 Wrap: Copper hits 2mth low as Trump threatens net zero pace; US rally fades; HotCopper’s picks

IRX

InhaleRX gains approval for clinical trial to test non-opioid therapy for cancer pain

HotCopper Highlights: Your most watched stocks for Week 46, 2024

First 40 Last

Add AUL (ASX) to my watchlist

" says their cash position is over $1 million" Cannabis and AUL...

Top Stories

Banshee's historic trenches prove rich in antimony and gold for GDM

Cyclone signs MOU with Vale for development of Iron Bear play

NT Gov't delivers environmental approval for Empire Energy's Beetaloo Carpentaria pilot gas play

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

CuFe sells its Crossroads gold royalty to Northern Star for $4M cash; says better than waiting for mine launch

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

Blue Star Helium sees approval for five more wells at 'Galactica/Pegasus' project in Colorado

Week 46 Wrap: Copper hits 2mth low as Trump threatens net zero pace; US rally fades; HotCopper’s picks

InhaleRX gains approval for clinical trial to test non-opioid therapy for cancer pain

HotCopper Highlights: Your most watched stocks for Week 46, 2024

Featured News