AUL 7.25% 32.0¢ austar gold limited

Ann: Drill Update Reef Extensions Confirmed McNally's RemainsOpen, page-82

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  1. 2,335 Posts.
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    Holders would do well to go back to the start of this story and see how the goal posts have changed. Management may not directly have said much ,but holders have been so far happy to accept that ,initial trial mining , didn’t meet expectations , when it was said MCO were looking in the wrong spot. Follow up areas also did not cut the grade. Then ROD was the go to , despite better results, it’s not yet had grades that make it a winner, Now your back at Morningstar being fed drill results and pictures of IMO not so abundant gold,feeding a mill week on week off. What will holders accept next if results are sub par. hot imo is being very generous with his 20 gram head grade and if it was doing as well as that I would of expected an announcement saying so. Imo ( happy to be wrong ) I think less than 5 grams is likely to be the grade from McNally,s . Couple on here will say that’s cash flow positive and making money.????And that’s just the AUL side of the story. The MCO side is a whole new chapter.
 
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