AUL 0.00% 28.5¢ austar gold limited

dzspence, the rising gold price is actually a double edged sword...

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    dzspence, the rising gold price is actually a double edged sword for AUL as it is in negotiations to purchase another gold project. The vendor of the gold project will be using the current high price of gold to extract a higher purchase price for their asset, which will mean even greater dilution for existing holders. And then after paying a higher price for the asset, AUL will then need the gold price to STAY at this higher level to justify the purchase price, and there is no guarantee of that.
 
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Currently unlisted public company.

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