AUL 0.00% 28.5¢ austar gold limited

rights issue, page-23

  1. 11,416 Posts.
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    A CR was on the cards for a while, I am glad they are doing it before any potential significant news on the LV area. Typical IK IMO, not the first time he has rewarded CR participants with some rerate news.

    The money will be used well in the development towards production. Obviously the plan is to get the first cab off the rank, Granite Castle with high grade gold and silver at surface. The mining license is under application.

    Brownfield projects intend to supply gold, silver, coal and electricity to grid.

    Greenfield projects include gold, silver, copper, moly with impressive chip samples and aeromagnetic survey.

    $10m market cap, not going to get any cheaper IMO

    Some of the best trades are from buying panicked shares during CR period IMO, could even close that pesky gap. ;)

 
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