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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 JohnEStromJron Jan 21, 2012 3:40pm
237 Views
Post# 19431484

Agreed

Agreed

Hi Gaberlunzi,

 

I  didn't know of the employees who would not buy Fire River shares but apparently Richard Goodwin doesn't have too much faith in the company either. I say that because of his exercising options and immediately selling those same options - even at a loss.

 

Anyone trying to do due diligence is hampered with Goodwin's decision to only release information quarterly vis a vis production.  Another way of saying only what the law requires.  After the bombshell of the missing ore - our richest - I still wonder when it actually wen't missing.  You are correct, many [including me] read those assays and thought this was a can't miss.  Well, so much for that. That should be all the more reason Goodwin would try to make amends by letting us know about shipments of dore, concentrate and the status of that CIL circuit.  Instead  he goes silent and the share price sags and we all lose money.

Bullboard Posts