AUL 7.25% 32.0¢ austar gold limited

Ann: AuStar Gold acquires full control of Rose of Denmark mine, page-27

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  1. 1,451 Posts.
    lightbulb Created with Sketch. 49
    I think the market is thinking mining RoD is far from a certainty,
    * As with most mining Juniors, there is always uncertainty, or the Shares would be $$$

    and this is confirmed by Shandong has basically just walking away from 50% for a small fraction of what they purchased it for.
    * This could just be due to Shandong not having the $$ or resources to develop it themselves ?

    Also, getting the feeling this company only ever releases the good news, hence the news vacuum in regard to Stacpoole and asset sales falling though etc etc. Wouldn't be surprised if they have already abandoned Stacpoole trial mining.
    * That is open to speculation, will not know either ways until further Anns.


    I like to take a pessimistic approach at times, prepared to lose $$ in any penny stock.
    High risk = High gains or High Loss

    If you want certainty, its better to park your money at 2% in a bank FD
    Last edited by sting1: 13/06/18
 
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