This plan has been laid out for over 2 years and has been backed by very shrewd investors.(all in way above this price)
Acquiring RoD was on the cards and the deal we got was a very good one, shares locked up in escrow so cannot be sold into any sp appreciation and also we gave millions of options which are able to be converted at 1.5 and 2c......Now not many have given the options to much thought but it is a great way of raising money at an ascending price rise and have the original owners helping us develop and mine(by converting their options)and then all parties are winners..
So Frank has come on board, he has a very credible history, he has connections to finance and all aspects of the gold sector and has been brought in for one reason..To appreciate the SP...
We own the mine(proven fully works operationally)
We have a cracker of a management team
We now have connections to the broader gold industry and money
We have a loyal top 20(shrewd investors)
We have the grade to make money at RoD
We have a $30m tax offset against future profits
The operation is about to start....
First will be grades...imho we have smashed it.Then there will be a raising or a cash injection of some sort to plan together how to extract the feed to put into the mine, im thin king around $2m and then once mining we can sustain by being cashflow positive, once we are up and running and the sp goes past the 1.5-2c mark we will have another cash injection with the conversion of options and then its full scale ahead.
Buiying now and having double digit gains per pip is imho a no brianer with what most think is coming..
Re-rating imminent and im looking for 5c by Christmas..
Good luck to all
AUL Price at posting:
0.6¢ Sentiment: Buy Disclosure: Held
