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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 Mar 09, 2012 12:29pm
248 Views
Post# 19649759

RE: Matched All Time Low Close

RE: Matched All Time Low Close

Swassy,

 

So you bought at 46 instead of 48; and you sold no higher than 22.  You've already told the forum the first bail out you made $10.  So do you want congratulations on this marvelous accomplishment?  I'd say its equivalent to a self inflicted fatal shooting, bragging that you only hit yourself with five bullets, not six.

 

In your rush to find negatives you warn that higher oil prices could hurt FAU. Did you ever consider that gold is a hedge against inflationary trends like higher oil prices?  My guess is any significant rise in oil, will result in a rise in gold, and benefit producers, not hurt them.

 

I must say that your decision to discontinue investing in Canadian junior miners, is the only intelligent comment I've ever heard from you.  With your approach to investing, it wasn't a gamble, it was a sure loss. It will detract from the results of knowledgeable investors; someone will no longer have you to sell to them at the low, and buy from them at the high.  It will have some effect on the Canada U.S. trade balance.

 

We lose a buyer at highs, and a seller at lows - but there is a great positive to your departure. The SS [StromStench] is out of our lives.  Good riddance!

Bullboard Posts