Stockhouse.com uses cookies on this site. By continuing to use our service, you agree to our use of cookies. Cookies are used to offer you a better browsing experience and to analyze our traffic. We also use them to share usage information with our partners. See full details.
I Agree
×
Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Privacy Policy | Disclaimer

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Privacy Policy | Disclaimer
Please Try Again {{ error }}

Send my password

Return to Login
SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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.


OTCPK:FRSAF - Post by User

First Au Ltd
Bullboard Posts
User Avatar Image
(0)
•••
Comment by JohnEStromJron Dec 28, 2011 2:07pm
290 Views
Post# 19354787

RE: RE: RE: RE: 3077 gone already

RE: RE: RE: RE: 3077 gone already

FastTrade posts..    

"This company knew the 3077 was mined back in Sept. 2010. Read the gd report. The purpose of announcing it in the last nr is questionable at best but the resource estimate as i posted stands ."

The company knew that level 3077 was mined out but continued using the resource to be mined in their projections of ounces Indicated and Inferred.  In other words they inflated the amount of ore that was there. THAT is a huge mistake and $millions that should be there to extract are no longer there.  You take the attitude that it was announce or known so not a problem.  Wrong, it's a material misstatement of fact - whether intentional or not - and the company is at risk of a massive lawsuit.   Many investors, relying on what was stated as Indicated and Inferred while doint due diligence have been harmed.  I happen to be one of those investors and I'm not happy.  If you are happy [I'm STILL guessing you're a short or at least a "Fast Trader"] that's fine but many have been rinancially harmed.  That is the issue                     

 

Bullboard Posts
Dealroom for high-potential pre-IPO opportunities