News: AUL Austar Gold Signs Agreement With Gekko Systems, page-21

Hi @Staffyman

One of the many reasons I've never started a business, is at times

it's not worth the hassle/effort, for at times a small return.

Even starting a lawn mowing business up, the cost of a vehicle,

trailer, mower, whipper snipper, blower and other odds and ends,

has to be recovered, along with a reasonable weekly wage, and

enough to cover running costs. (fuel, rego, ins. etc)

Once this is done, the business is viable, and any extra money,

makes it a profitable business.

Running a gold mine is no different. I sincerely doubt they'll ever recover

the 10s $$ mills spent in the past.

So let's get to today. As much as everyone likes to say I'm negative,

resort to childish name calling, whatever, I don't care, and most,

nearly all, are now on ignore.

The figures I've always used are the ones provided by AUL

Over the previous 2 qtrs., and now the current qtr. (nearly ended),

AUL has listed over $5 mill.

If the coming qtr is in the range of this (current) qtr. they'll need another $2 mill.

That's 89 ozs of gold, per calendar week, for each qtr.

With around $500,000 in bank, plus maybe another $150,000

how long will this last for?

Recovery rates are absolutely terrible, and with the added cost of taking concentrates

off site, plus the cost of processing, (both unknowns).

The new concentrator won't be cheap either.

So when you look at all that, they/we don't have the luxury of waiting

2/3 months to see what happens.

I suspect they're NOT going to produce enough gold to cover qtrly expenses,

let alone re-coup the costs of starting this business, and we NEED to know,

in a bit more detail, what production figures are/will be.

I've seen posts here from 7 years ago, and they can't keep milking c/r after c/r

just to pay wages and Directors fees. Need to pour some decent sized

gold bars, and soon, very soon.

If they can't pour gold, will need another C.R.

Who'd be mad enough to participate in a C.R. at this stage?

This would be one of the first stocks that I've seen, that an ann.

saying production has started, hasn't seen many millions

of shares traded, at a higher price.

Other than those that are stuck here from 14 cents or more,

doesn't appear to be any confidence in AUL.

The market, the real voice, certainly isn't interested.