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0.4¢ ora gold limited

Ann: Crown Prince Delivers Further Outstanding High Grades, page-80

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telamelo

10,818 Posts.

289

19/05/23

23:17

Post #: 67874037
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Originally posted by boppy: ↑

Thank you for posting this benwex2. It is good to confirm why people are selling, and who is buying. 003 is a good buy price, with good leverage, and Canaccord are happy to get their fees and potential upside on the options.

"I wonder if OAU management had any clue this would happen when they engage Canaccord for the raise?"
OAU were well aware. They have been in the business for a long time. $5m covered as part of the raise was from a Director funding operations from his own pocket to avoid the dilution of going to a financier. Regrettably, operations did not garner support from shareholders and OAU had no option other than going to the broader market. I believe the directors did their very best to avoid dilution.

So, here we are now, diluted to blazes but refinanced. If the price is 'capped for a while yet' - that's OK with me I am buying.

We are looking good in my opinion for near-term news on lode repeats of the historical rich Crown Prince mine.

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Happy to add more here @ 0.003c as it seems like good value, risk/reward potential imo

OAU Price at posting: 0.3¢ Sentiment: Buy Disclosure: Held
5 Upvote

0 Great analysis

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(20min delay)
Last 0.4¢		Change 0.000(0.00%)		Mkt cap ! $23.22M

Open	High	Low	Value	Volume
0.4¢	0.4¢	0.4¢	$587	146.7K

Buyers (Bids)

No.	Vol.	Price($)
31	18766699	0.4¢

Sellers (Offers)

Price($)	Vol.	No.
0.5¢	13476807	11

View Market Depth

No.	Vol.	Price($)
31	18766699	0.004
14	7493666	0.003
14	15095398	0.002
8	47291039	0.001
0	0	0.000

Price($)	Vol.	No.
0.005	13476807	11
0.006	69797953	25
0.007	27467611	18
0.008	7222671	8
0.009	2826700	6

Last trade - 12.36pm 29/05/2024 (20 minute delay)


Last 0.5¢			Change 0.000 ( 0.00 %)
Open	High		Low	Volume
0.4¢	0.5¢		0.4¢	1024000
Last updated 15.19pm 29/05/2024 ?

OAU (ASX) Chart