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03boz

2,111 Posts.

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04/12/18

22:28

Post #: 36751279
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Originally posted by Krum ↑

Originally posted by 03boz
You yourself envisaged a company that could profitably mine hard to reach, rich nuggetty gold in sensitive areas around Victoria and the Great Dividing Range. You were more than convinced it was achievable and fundamentally nothing has changed for AUL.
Many companies have had great success mining Victorian gold and AUL are now in a great position to become another.
Mcnally's is a reef that has been missed by older operators and may provide a glimpse into the possibility of AUL's future success IMO.

The new IK has done a superb job managing the financial position of AUL looking, planning toward a successful future for AUL.
I believe you have taken vipers comment out of context and jumping to conclusions here Krum.
Yes Boz I agree, that’s why I said “Ok all fair enough” in my last post. And yes I did and still do believe the MCO plus the new ground (which I pegged) is a major company maker. And as you full well know I continually support AUL and it’s BOD and snr Mmt in every forum. I do however get bent out of shape when people raise words like “legacy issues” or “the old management”. I am in full agreement with Kranky that everyone should look forward. Picked over reefs is BS because there are always new ones to find and at $1600/oz what was once uneconomic is now economic. And it is irrelevant how thick the reef is because the gold can be in a very thin 10cm part of the reef. Everyone should stop blaming the past! That’s my point.

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Great stuff, I agree whole heartedly with you on that Krum.

Last edited by 03boz: 04/12/18

AUL Price at posting: 0.4¢ Sentiment: Buy Disclosure: Held
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AGM, page-22

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