AUK 16.7% 0.5¢ aumake limited.

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  1. 1,955 Posts.
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    I really need to sit down and maybe print out all the announcements to get a better idea of what is going on.
    I am definately going to try and make it to the AGM as I will be in Sydney so I might do that and draw up a list of questions.
    One point about Jampang, I expect it would have ZERO resale value if AUK knock it back - so we might see a bit of give and take on the terms. Also there is only one shallow drill results which came back at 0.5m at 56g/t which is damn good. Even if it looks a bit light based on the AUK drilling results there still could be a heap of supergene higher grade gold which could be delineated via trenching/auguring.

    I agree with you on the CR - expecting another gift to instos/sophistos again as it is just less risky.

    Now I have a pretty dim view of "advanced" projects and would really like to see some greenfields thrown in. IMHO "advanced" projects, especially in foreign countries where it is next to impossible to get historical info are basically a pump'n dump vehicle - polished turds as one HC poster puts it :-)
    Keeping an eye on Zodiac as well, that IP survey sounded interesting. Actually will check major holders in Meridian and Zodiac.
 
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