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.

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First Au Ltd

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Post by ancharraon Jun 21, 2010 10:19pm

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Post# 17209028

insider selling

its not a good thing for sure,But I have been closely studying insider buying and selling and i think the insiders sometimes sell to get the price down.Because for every insider share sold there are probably 4 or 5 sold by regular shareholders who(like me) do what the insiders do.A recent case in point is silver wheaton they were selling heavily for the last week and now they are buying.I plan to phone FAU first thing tuesday to hear their explanation.

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