AUL 7.25% 32.0¢ austar gold limited

Ann: AuStar Gold acquires full control of Rose of Denmark mine, page-52

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  1. 152 Posts.
    Maybe, just maybe, AUL is approaching their next step (raising capital) with the same cautious method they have used previously to achieve the following,
    • finding a mineable resource close to the surface at MS
    • creating access to the resource with vehicles and not the winder
    • proving up the processing plant for diolite
    • obtaining full control of R of D
    I left out the drill results, because they haven't been released, but by the way of not announcing more drilling plans does indicate to me that they could be satisfied at this stage with their results so far.
    All in all management, are achieving what they commit to in their releases, so I will continue to support them.
 
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