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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Comment by JohnEStromJron Nov 18, 2011 8:09pm

267 Views

Post# 19250382

RE: RE: RE: Were in the gold and in the money !

That was my guess. If I thought they were holding back gold or gold-rich concentrate I would be gone in a heartbeat and I'll bet most others would as well. If a company can withhold product from the market they could undermine shareholder value and if it isn't illegal it should be. The object of any company is to maximize profits to its owners for the investment they've made. That said, Canadian laws allow companies to get away with a lot so who knows. They can engage in all sorts of activities and not notify shareholders claiming they're in a "quiet period" or other device.

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