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

Sign In

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

or

Please Try Again {{ error }}

Send my password

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

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 JohnEStromJron Jan 23, 2012 6:36pm
336 Views
Post# 19439072

Color me Curious

Color me Curious

More food for thought.  

 

On October 3, 2011 the company advised shareholders of a new zone, the 3550 zone.  They provided a pretty good graphic of the level.  If you look at the upper left corner of that graphic it shows the 3000 level and the notation it was mined out.   How, then, did it take until December 21, 2011 - over 2 1/2 months later - to tell us our richest  ore was gone?  That is absurd.  I'll wager a lot  of people bought  Fire River stock  AFTER October 3rd thinking we still had that 25,000 ounces of gold - at whatever price it sold for.  We didn't and Goodwin knew we didn't since he signed the October 3rd report as the CEO and the Qualified Person.

If the Qualified Person was a disinterested third party and not working for Fire River I would sure feel more comfortable. 

According to the company, Fire River isn't going to be issuing other than quarterly updates - which are required by law.   I don't know if this is only on concentrate and dore shipments or also includes drill results.   The last drilling results we were privy to was on November 1, 2011 - almost two months ago.  For a company that will drill to replace the gold already removed we should be drilling  constantly and  getting results on a monthly basis at the least.  Remember, the company does not have a NI43-101.   They have said they were working on one but that's a far cry from having completed and filed one.   

I still own this turkey.  If I was looking at the stock I would wait to see what the company reports in - what - late March?  This is way too iffy and how can you do due diligence without accurate information.  You can't.

For those interested in attacking the messenger [me] have at it. I'm not bothering to read any more posts on this forum - or to respond to them - other than those who have been objective and truly interested in protecting their investment.   I would also caution those who are objective to be wary of those who engage in ad hominum attacks. Especially from other boards.  They DO have an agenda and evidently don't want to hear any information other than what they want to hear.  All of the above is easily verified from the company's site and counter checked on sedar.com   Good luck to us all - we'll need it.

 

 

 

Bullboard Posts