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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 victor2009on Feb 13, 2012 9:09pm
212 Views
Post# 19528812

RE: Gaberlunzie - You are right.

RE: Gaberlunzie - You are right.

Junior, [aka BHSLW]

 

So you feel FAU is a giant failure, and you are doubtful they'll make a payment on a credit facility secured by all the assets of the company. That surely must mean you wouldn't hold shares in the company, would you?  If you do claim to hold shares at this point, what credibility can be given to your investment acumen? What rational person would hold shares in a giant failure, expected to lose all its assets?

 

As for being impressed by management, you never are.  To you management are the people you blame for your succession of investing failures. It isn't you that's responsible for the BHSLW results, its management.

 

There's a good chance that one of the strongest available BUY signals is evident - Junior Strom says its a SELL!

Bullboard Posts