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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 11, 2012 9:32am
296 Views
Post# 20711992

RE: RE: Too many

RE: RE: Too many

EZEMONEY, I couldn't agree more!!  Not speaking of FAU in particular but juniors and even TSX listed miners in general, Executive compensation is way too high and rarely linked to results!  These guys suck their companies dry and then move on to fresh blood.  The OSC is a joke and has allowed the common retail investor to be taken advantage of much too often.  PP for friends and family at extreme discounts while the current shareholders are stuck holding the bag, fat 500k + compensation packages for executives that Hemorrhage money from company coffers???  Something has to change or most people will just stay on the sidelines reserved to not losing any money!!

 

First rule change for any PP is that the current shareholders should be offered first crack, why should we be holding shares at .09 when they are being offered to others at .06 plus warrants??

 

ThyFish

Bullboard Posts
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