AUL 7.25% 32.0¢ austar gold limited

Ann: Interview with CEO regarding mining at Rose of Denmark, page-30

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  1. 2,649 Posts.
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    I think we could go into a trading halt very shortly......

    Imho, the results from RoD are very very good and as they drill more the grades and oz.s will increase with better understanding on what they have before them....

    This management have really impressed me, what they have achieved on a very limited budget and kept costs as low as they possibly could and not used the magna funding for their personal gains(like many other penny stocks have)but to get us to this point......

    Now its getting to the pointy end, firstly we need the plant to kick out some good results, this i can almost g/tee 1st re-rating, then a plan on how AUL are going to move forward with developing the RoD(fully owned), this will be primarily where AUL is going to secondly re-rate from, so the planning will have to be precise and no doubt management will be just as professional in this dept as they have in so many other aspects of getting the gold out of the ground, this is where the money will be needed, if as our CEO said he would like to be making cash by September then raising $1-2m after the plant results to develop the mine should not be any problem at all and how they raise and to who will play a huge part in moving forward.......(this has already been decided and planned for...imho)

    Quarterly(unless going into a trading halt)will be out tomorrow, it would be very nice to open up to find AUL in a trading halt tomorrow pending results and details on a CR....
    WOW....Now that would be a massive re-rating on open if we got the results needed(imho in the bag)and funding sorted to go get the tonnage needed to fill the plant....

    A very big week in AUL.s new history and imho a lot to look forward too....

    Good luck
 
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