Augustus Minerals Ord Shs AUG

Primary Symbol: AGMNF

Metals & Mining Industrial Metals & Minerals

Augustus Minerals Limited is an Australia-based exploration company. The Company is engaged in exploring for lithium, rare earths & copper in a large tenement package located in the Gascoyne Province of Western Australia. The project covers approximately 3,600 square kilometers (km2) of granted and under application tenements located in the Gascoyne Province, in the Shire of Upper Gascoyne and the Shire of Carnarvon. The Ti Tree Shear Project is located about 200km inland from Carnarvon and is in the shires of Upper Gascoyne and Carnarvon. The Project area is prospective for copper, gold, nickel, platinum group metals, molybdenum, rhenium, lithium, and rare earth element mineralization. The project's tenement package is categorized into four main project areas: Crawford Bore, Lyons Central, Minnie Springs, and Mt Phillips Area. Capricorn Orogen Pty Ltd is a wholly owned subsidiary of the Company.

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Augustus Minerals Ord Shs

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Post by AfterGlowon Apr 27, 2007 3:40pm

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Post# 12688562

EFR Holdings 1.2 Million Shares?

Their financials indicate that Augen does not retain the entire 2 million share position plus warrants of EFR as of 12/31/06. If Augen still retained 2 million shares of EFR as of 12/31/06, that would equate to CN$8.46 Million. Page 9 of their financial disclosure indicates that the entire portfolio holding at fair (market) value as of 12/31/06 was 8,535,000 CAD. This makes the press release today important as it states that EFR is still a core holding. Based upon their realized earnings from stock sales of $3.3 CAD, I think we can speculate that they hold something in the neighborhood of 1.2 million shares (plus possibly warrants). Disclaimer: Just a guestimate based upon limited information

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