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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
Post by offshoreskeison Dec 12, 2011 7:35pm
368 Views
Post# 19315164

Why should we as investors be buying

Why should we as investors be buying When insiders are selling? I hate to think that I just bought the shares that an insider has sold. While in the long run this may not be relevant I would prefer to be investing in another company. Ask yourself the question, if the insiders don’t have a position then why should you? Loaded down in options with little to no skin in the game doesn't count except when insiders are dumping their free traders/options on the open market. This company is loaded to the the max like few ever have been with overhang. Mega options notwithstanding. Fire River Gold recently went through what has to be the longest period on record stringing together private placement after private placement like few in the business have ever seen. Like a virtual endless stream of sp damaging toxic overspill. It's Christmas season, if you don't think insiders have been lightening up on FAU paper, think again. Watch closely for insider updates on this company now.
Bullboard Posts