AUL 7.25% 32.0¢ austar gold limited

Goodbye. 009s, page-15

  1. 554 Posts.
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    Hi Aurifice, you've commented a lot on Stacpoole not going to be economic.

    Are you talking about the entire Stacpoole or the eastern/new extension?

    What you have been saying all along seems diametrically opposite to what the company itself has been saying wrt the eastern/meta overhang section. They obviously haven't came back with whether or not it is or isn't economic following a bulk trial, but what information specifically relating to that part of the 'mine' that hotcopperers are not privvy to? Are you saying that the company are putting out misleading statements about grade upside (exploration vs reconciled)? Or are being misleading in some other way? Pretty serious stuff if they are.

    Like a lot of other people, I'm only able to go off reported information and the JORC table comments in those releases.

    If there is something completely wrong with AUL have you made an ASX complaint about them?

    I am not trying to start a debate, just looking to see why you think what you think (any FACTUAL information always appreciated as are pointers to FACTUAL information that is omitted) - if there are facts other than things like the low grade table that you have can you chuck them on here because you don't hold, so why not show and tell.

    Finally, will you be supportive of the company strategy if they did come out and say they were going deeper now? Or most importantly (as you've said you have a lot of experience in Vic with this mining method and style of mineralisation) are there any circumstances in which you could see yourself being supportive of their strategy on held leases? Any comment on ROD i.e. is it a dud as well and why?

    I'm trying to factor in the potential of those leases as well, but have quite a poor knowledge of your region.


    Cheers
 
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