Corporate strategy and A1 mine

Hi Everyone

I have mentioned in the past that AUL has no Chairman and appears to me to be running day to day with no major strategic oversight apart form MStar and RoD.

As most of you know the A1 mine just up the road from MStar has been producing quite well for years now but due to low head grades cannot economically sustain the trucking distance to parent company CTLs process plant at Bendigo.

The A1 mine is running almost at capacity and CTL sold circa $8million of gold dore in the March Qtr but their expenses were higher so they are losing money.

Twiggy Forest has $2.5mill in Con Notes just matured and CTL have been in ongoing voluntary suspensions now for a while.

So why or why not are AULs Board not talking to either CTL or Twiggy about either toll treatment or acquisition or merger? Win win win?

Krum