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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 Zinc_Headon Oct 21, 2011 6:30pm
276 Views
Post# 19172041

RE: RE: RE: RE: RE: RE: Corporate Update

RE: RE: RE: RE: RE: RE: Corporate Update
Yes I agree the management needs to be a little more proactive and yes I have spoke with people there and previous IR. All i was saying is that ever since Barr stepped down, the stock has also.
I am not waving the Barr Flag but at least he was proactive in a market worse then this with less infrastructure. he gave the keys to the new management and in turn they seem to have forgotten the people that supported them. Thats great that they are a producer now and they are taking it to the next level.

BUT when you mention management should do something, do you mean they should go out and attend retail shows? I dont think that is their priority, that would be the IR teams job. When you want to know what the company is doing, do you talk to the President or to the the IR person? I am not sure the President is just sitting around twiddling his thumbs waiting for the money yo roll in. I believe that they are under the mind set now that they are in the big time now and are big producers that everybody will expect to know who they are. 

They need to take their head out of the cloud and realize that the job they are doing to create awareness sucks and this new IR person is suppose to be the face of the company. 

I bought this company based on what I thought they were going to do, however the only thing I see is delay, delay, delay. They have eveyrthing they need to make this successful except for a strong front man that will command the respect of the market.

goldpet we are looking into the same window but see an empty house.

Bullboard Posts