AUL 7.25% 32.0¢ austar gold limited

Ann: Production to commence at historic Victorian gold mines, page-152

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  1. 1,204 Posts.
    lightbulb Created with Sketch. 105
    'Now that the geologists have given the go ahead for production I don't hesitate in answering. ' Yet you fail to answer!
    Now lets look at some of your recent statements.
    'World class geologist'. Oh yeah and working for a penny dreadful ASX wannabee.
    'applying the average mine grade 25gpt.'/' I didnt realise AUL was hand sorting the rocks before processing as that would be the only way using that figure would be valid.
    'a cross drilling over 10m returned around 70gpt.' Even the company admitted that was a shot straignt down the mineralisation. True width?.?
    'The fact that a professional geologist gave the go ahead for production based on the modelling they have done from the drilling campaign all but proves that the reef is profitable.' Ditto for Maxwells where the drill results were better than for Mc Nallys but yielded very little and nothing vaguely economic.
    I could go on but everyone should get the drift. Your blind faith in the truth of every ASX release and then fanciful extrapolations lead to you attempting to mislead the unaware that its success is a given wben its far from it.
    I regard it as a desperate throw at the stumps before cash runs out. The most disturbing thing for me is that they regard this as their best prospect which poings to ROD not looking good at all.
    Last edited by mal230355: 16/02/19
 
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