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First Au Ltd V.FAU.H


Primary Symbol: FRSAF

First AU Limited is an Australia-based advanced gold and base metals exploration company. The principal activity of the Company is exploration for gold and other metals in its interests in mining tenements located in Western Australia and Victoria. It is engaged in pursuing exploration programs at its Victorian Goldfields Project in East Gippsland and its 100% owned Gimlet Gold project near Kalgoorlie. The Victorian Gold Project is located in the Gippsland region, which is in the historic mining area of Swifts Creek and is focused on the Haunted Stream and Snowstorm Projects. The flagship Haunted Stream Project is located in East Gippsland Victoria (340 kilometers (km) South East of Melbourne). The Company’s Gimlet Gold Project is located approximately 15 km northwest of Kalgoorlie, Western Australia EL26/174 and application M26/849 -9.6 square kilometers. The Snowstorm Prospect is located within the historic Swifts Creek Goldfields in the East Gippsland region.


OTCPK:FRSAF - Post by User

Bullboard Posts
Comment by JohnEStromJron Jan 17, 2012 1:18pm
169 Views
Post# 19412864

RE: RE: Fire River to only make quarterly announce

RE: RE: Fire River to only make quarterly announce

riverrow,  You sound like a cheerleader for secrecy in corporations.

 

As I said previously a junior miner and a mining company that's been producing for years are two different entities. A junior mine may not be obligated to release information to its owners [we call them shareholders] but if that is their attitude then we should not invest in them. They have to prove they're competent and believable whereas the 'mature' producer has already done so.   As for comparing a junior miner with a private individual, the private individual does not have investors' money nor are they accountable.  When a company sells stock on an exchange they give up that privacy and have an obligation to their owners [shareholders].  Private parties have no such obligation as they are not dealing with other people's money. You need to know the difference but form your post I doubt you do.  And Fire River needs to be more open with it's shareholders [owners] even if they aren't obligated to do so.  The more I see how the Canadian Venture Exchange work the more I think people  are fools to invest in Canadian mining stocks.  Including this one.  You suit yourself

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