AUL 7.25% 32.0¢ austar gold limited

company needs to face the fact they need to consolidate ,...

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  1. 2,335 Posts.
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    company needs to face the fact they need to consolidate , produce gold profitably or have some conclusive drill results ,with out any doubt that there is good quantites of profitable gold to be mined. So far trial mining has been inconclusive, and far from cash flow positive. very few in this climate willing to take the risk at .05 to buy when millions of .04 and .045 shares will be sold into it , leaving you with a 25 % loss almost instantly. i admit they are getting a few drill results that on paper look prety good , but so did MCO , when they turn to proffit at the buisness end of town then Aul can move foward and i can eat my eagerly awaiting humble pie. Got to give the team credit though on producing a swag of price senitve anouncements . personaly i see the new director as another uneccasary snout in the trough.
 
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Currently unlisted public company.

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