I agree Sisyphus- I have been a shareholder in this company about 10 years.
The new management is doing wonderful IMO- They focused on gold and they are delivering on everything they promised.
They not making crazy announcements.
They keeping the cash spend very low.
They have slowly got the plant up and running.
They purchased the remainder or ROD.
They have done some basic drilling but obviously cant afford a big drilling project yet.
I agree with you valuation 100%. The stock is flying below the radar IMO. We need more drilling and some actual mining delivering cash flow and this one "should" be multiples of SP quick.
I am buying as I get the funds. I have doubled my holding in the last few weeks. If all goes to plan this one will be a profitable Gold miner in a few month with HUGE upside...…
Don't forget about the 20/30 odd accumulated million Tax loss which can be used to offset any taxes in the next few months....That should also be worth a few million when we start mining?
dyor
AUL Price at posting:
0.7¢ Sentiment: Buy Disclosure: Not Held