AUL 7.25% 32.0¢ austar gold limited

Ann: Interview with CEO regarding mining at Rose of Denmark, page-80

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  1. 9,999 Posts.
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    "Such praise for management that predicted being cash flow positive by now,"

    Please show where management claimed they would be cash flow positive by now if you cant we can assume you are misleading the forum.

    "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."

    They drilled the area and discovered an unknown reef. Historically reefs on that side if the dyke did have large grade up lifts, due to nuggety ore. Nothing to do with sorting.

    It was a good ST target, which was easily accessible due to access from the main audit. While in the background management were negotiating for full ownership of RoD.

    "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."

    They have drilled every 20m in floor and ceiling along the main audit. What drill spacing would you like to see?

    " 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."

    So according to Aurifice I am not allowed to post because I do not know enough about UG gold mining and according to you I can't ask questions... Nice.

    I don't point to A1 for any other reason other than to gauge a relative extraction cost. If you believe it is for anything else then you are mistaken or you are deliberately again trying mislead the forum.

    Managment have done well to minimise dilution during the most capital intensive period prior to revenue generation. Obviously you either don't understand this or are again deliberately trying to mislead the forum.

    "dont make ridiculous claims about cash flow before you are over the line."

    Please show where management claimed they would be cash flow positive by now if you cant we can assume you are misleading the forum.
    Last edited by vertigo: 09/08/18
 
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