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16,136 Posts.
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16/02/19
09:19
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They, (AUL) has stated that staff, and admin/corp costs for this qtr is $1.1 mill
So let's not worry then WHO is getting exactly how much and why,
biggest concern is that it doesn't look they will process enough high grades
(gpt) to make more than the cost of producing the gold.
$1.1 mill, plus cost of production = $$???
So what grades will they need to process, just to break even?
Are they going to do their own mining or use contractors?
Contractors would maybe be cheaper, unless they own all the mining equip. already.
Surely anyone that has talked to them on the phone will know the answers?
The $497,000 left at the end of this current qtr. isn't going to go far,
with so many mouths to feed, so many expenses to cover.
I bought AUL share because I felt they had a reasonable resource,
and could take it through to production.
Unfortunately the more I look t them, the more inconsistencies,
ambiguities and evasiveness I'm finding.
Biggest fans of this stock, appear to be those that have been in (this stock alone),
and aren't willing to accept that things aren't going too well.
I was under the impression that production was going to start already,
and would have expected an exuberant Ann. saying just that, but no, nothing.
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