The acquisition might be good but for shareholders its about making a profit. Mantle, now Austar Gold for to long has had to much loose stock and now it looks like even more stock will be added to the register. Until Austar start making money and I mean something substantial after costs, it will take years to derive a profit on any investment in the stock. Also Austar has a lot to prove due to morningstar going into administration. I am no longer a shareholder but keep a keen eye on Austar in the hope that it will turn around for the better. Yep lost a lot of money in Mantle but hope that is not the case for current shareholders.
AUL Price at posting:
0.8¢ Sentiment: Hold Disclosure: Not Held