lets just wait shall we. ill bet you halfwits cant shut your traps until the next announcement.
They went back to basics and proved up new deposits then completed feasibility studies to show the potential profits/payback times
From market darling to oblivion and back again
In just over 10 years is testament to good mgmt. ........to turn it around they needed a plan and with good planning and maybe a little bit of luck picking up the right deposits in the right countries, mgmt have done it
One mine,two mines and now three all the while growing production and increasing reserves net depletion without having to continually hit market for funds nor dilute holders a great deal and have grown again from a 80koz/year producer to a 350k/oz producer with good mine life potential and net cash levels expected to continue to grow and grow the next few years,they should be cashed to keep expanding.
That is success.
After two years now of "trial mining" AULhave "picked the eyes out" of their getable gold on their deposits and for that they are cashless.
They got an aging modular plant on a couple of clapped out ol timer narrow vein mines with very little getable shallow gold and dewatering and high cost issues ouweighing any potential to go venture to try and find something "in the deeps".
As far as I can see they have nothing more.
Hardly investment quality for anyone but Hardly.
One things for certain - AUL are making more money and are have infinitely better prospects to 20 bag than MED and D13.
‘You see arabus777 and co....when a co does a raising and is OVER SUBSCRIBED....it normally means that there is something that the co has that is seen to be profitable in the near future. ......when a co can't raise the capital it needs for whatever reason it is usually a sign to run.........runnnnnnnn like the wind......lol’
The tipster. 2017. D13.
Don't make me do it...........