AUK 20.0% 0.6¢ aumake limited.

auk down, where to from here?, page-2

  1. 1,955 Posts.
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    Colcom,

    I have been a holder of this stock since it was about 1.6c.
    Its a bit of a enigma, it is making steady progress, but never seems to get those killer announcements that would push the MC up and help seal the companies future.
    There are also heaps of unanswered questions regarding the current projects.
    IMHO the current weakness is due to fact people have realized the Co is essentially out of cash and seems to be keeping its cash position "looking" ok via loans. (if I am reading the Cashflow reports correctly).
    Unless something unexpected pops up soon we should expect a pretty hefty raising if they want to keep Jampang.

    Really I should get off my butt and give them a call, specifically asking about:
    1. How are they getting these Indonesian leads - better not be coming in via entities related to Directors.
    2. Why aren't they throwing some decent sized greenfield tenements into the mix?
    3. Who is determining the value of the tenements, is it an independant valuation?
    4. What happened with the Platinum and Palladium at Goodrich?
    5. What happened with the Silver at Homerville?
    6. What is happening with the gold processing plant at Jampang that was capable of up to 40t/ore per day and that we forked out 1M in cash to help get running?
    7. Why the big cash burn on Admin.

 
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