AUL 0.00% 28.5¢ austar gold limited

A question to the knowledgeable holders please - what is your...

  1. 1,778 Posts.
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    A question to the knowledgeable holders please - what is your take on the coal seam gas position included in this announcement.
    I am a fair bit under the weather after copping another hiding today, and when I consider I bought this stock mainly for the gas gamble, I am unsure what to make of it.
    I believe it is definitely a punt but for a long term holder it could pay off big time.
    The phosphate is definately 3-4 years away, gold should be pushed now - I agree with that, but the coal seam gas position could, with a cashed up partner, provide us with the dough to get stuck into the gold.
    I know we have to get the landholders consent, whatever,but I suppose what I am looking for , when trying to read between the lines, is how far away do you think before it will be signed & sealed in this regard?
 
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