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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 superdobbson Mar 08, 2012 1:46am
340 Views
Post# 19641866

RE: Matched All Time Low Close

RE: Matched All Time Low Close

John,

This is actually the best time to buy. The PPS is really beat down. Once news starts flowing, the share price will move back up.

A lot of people, including myself, got in at 0.40 PPS thinking that was the low. Obivously, we're disappointed, but the resolve is not to get entrapped in an endless fued with other board posters. You could be using your time to research other JR.s and making quick swing trades to build up capital.

For instance, the last couple of months I've been wheeling and dealing TMM, MDL and ELY. I also doubled my money in three weeks on an obscure story called Volcanic Metals; VOL. I used half the profits to average down my position in FAU. Now I'll be back in the green when it hits 0.30. Then I can decide to cut loose at a small profit or ride it out for greater returns.

Again, I would stress using your time to research another play rather than arguing with people. In fact, you may want to take a position in EXS. Its trading at 0.28 right now and they're organizing a PP at 0.35. So it may get a nice little bump in a couple of weeks.

Good Luck.

Bullboard Posts