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First Au Ltd V.FAU.H


Primary Symbol: FRSAF

Metals & Mining Industrial Metals & Minerals
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

First Au Ltd
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Comment by ThyFishon Dec 10, 2012 3:23pm
358 Views
Post# 20709051

RE: Profitable Gold Mine

RE: Profitable Gold Mine

Althought the new Management Team has turned things around substantially, I would personally wait to see how that effects the bottom line before putting any money at risk. Trust me when I say that lots on this board including myself have been loooking at the potential and PE ratios for years with no reward!! They have diluted this thing 5 fold in the last year and are still not out of the woods! I bought 100,000 shares at .22 when I thought the bottom couldn't get lower after watching it tumble from .75.......I sold at .09 for a 14k loss.

Also, we have seen better drill holes then this in the past, over of 100 g/t and even close to 200g/t which obviosly didn't translate into resources. https://tmx.quotemedia.com/article.php?newsid=42769229&qm_symbol=FAU

I'm not trying to bash and hope that everyone here makes a ton of loot, I just know that I'll be waiting to see concrete results before I re-invest. If I leave some money on the table then so be it, better safe then sorry with the past history here!

GLTA ThyFish

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