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

AUL

Click for more information

7.25%

32.0¢ austar gold limited

Ann: Production to commence at historic Victorian gold mines, page-262

First 262 Last

Share
Profile

Follow
HotRods65

5,584 Posts.

124

07/03/19

13:05

Post #: 37684975
Share

Originally posted by zero2a$mill: ↑

Processing should have been happening for at least one week by now,

if not longer.

No ann. saying that they have started, but also no ann. saying that they haven't.

When we finally get to see their latest ingot, be wary if they DON'T specify

EXACTLY how many days milling it took to get the gold.

Based on AULs qtrly (production figures, and cash out flows),

they need to pour 26.6 ozs per day, for each day of production.

7 days of production should be 5,789 grams.

Any less than this, would mean they're in the "red",

and would need to slash costs, somewhere.

Be nice to see figures in excess of that, but with not even

a hint of what's happening, not looking good.

I'm suspecting grades and recovery are not up to expectations.

Expand

I'd say it would be unlikely they have started processing as they would be announcing that event as part of the capital raising pump. My feeling is they will and are struggling to find enough ore to feed the mill even on a day shift only week on / week off basis. I'm sure 3boz will let you know when the mill is operational probably the day before the ann.

AUL Price at posting: 0.4¢ Sentiment: None Disclosure: Not Held
2 Upvote

0 Great analysis

Reply

Top Stories

WC8

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

MIN

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

ACW

This biotech stock raised $11M in a risk-off environment. Its Alzheimer's drug could change the game

AXP

Tambourah chases gold veins and mineralisation extension with drilling

History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

There are more pages in this discussion • 2 more messages in this thread...

First 262 Last

Add AUL (ASX) to my watchlist

SPONSORED BY