Sadly...and I hate to do it, but I am just about ready to call...

Sadly...and I hate to do it, but I am just about ready to call AUN a 'lifestyle' company in a similar vain to companies such as CTO (formerly held). I really hope management can prove me wrong (and I personally challenge them to do so), but it is not looking good. I actually feel (up until now) that I personally have been giving the company far more credence, than the company itself!!! That's not a good sign in my book. Come on, if we are being honest, Gold has skyrocketed in recent months and crickets from management$!# That is lazy right there in your face! I am normally positive, but refuse to be when management is getting this lazy/asleep at the wheel/complacent/or simply downright pathetic!
OKAY, so easy to bag management right? But what are we worth then:
1. Cash $1.6 million AUD
2. Gold 946,000 oz at $25 AUD per ounce or $23.65 million AUD.
3. Plant and Equipment $12 million AUD.
4. Tenements $3 million AUD
5. Total $40.65 million AUD.

SIMPLE: Sell up shop! That would give us an SP of around $0.09 per share and trigger the approx. 146.9 million AUNOC (excercise price of $0.06 per option). Then again, that would be much better that our recent CR and boost cash to approx. $10.60 million AUD. Such

that.

1. Current Cash $1.6 million AUD
2. AUNOC raise of $9.0 million AUD.
3. Gold (as above) $23.65 million AUD
4. Plant and equipment of $12 million AUD
5. Tenements $3.0 million AUD
6. Total approx. $49 65 million AUD

Therefore, around $0.084 per share on dilution of around 587 million shares.

Far better than approx. $0.043 per share = lazy management!!

Time for management to step up or step down!

Heaps of potential, vut can they bring it home!

All the best to all holders. Hopefully, management will respect us and do the right thing.

Cheers

MicroNova2035
IMHO/DYOR