Such praise for management that predicted being cash flow positive by now, wasted some of their precious little cash mining the 'New Stackpooles, which lets face it, had crap drill results and had virtually no hope of being viable. Hung their hopes on grade factoring( mining returning up to 10 x drill results), which only works when hand sorting is employed. Smacked of desperation.
Now trial mining ROD on a wing and a prayer. By that I mean insufficient drilling to give any surety. It's easy to find visible gold in these old mines but a damn lot harder to get volumes of economic ore.
Now vertigo I await your inane questions, your pointing to the incredible success of A1 and your support for management. Any management this company has had for the last however many years although they have returned nothing other than more shares and lower prices.
5c would equate, with 3 bill shares on offer, a $150 mil cap. Good luck with that one.
I hope they raise the cash, methodically drill out RoD( especially above the old boiler room) and give themself a chance of success. So far they are behaving a bit like the old MCO. Focus on one mine, be methodical and dont make ridiculous claims about cash flow before you are over the line. All imo of course!!
AUL Price at posting:
0.6¢ Sentiment: None Disclosure: Held
