APOLLO CONSOLIDATION was acquired by gold producer Ramelius for 115AUD the ounce of gold in the ground. Apollo and Ausgold both in Australia, neither project has a processing plant. Thus reasonably comparable.
If we calculate with Ausgold with a takeover for "only" 100AUD, we would be at a price per share of about 0.1AUD (this would be a premium of about 115%).
Assuming the resource is increased to 2.5M ounces, then the takeover at 0.16AUD
Stay calm and wait and see. There may be a lot to come!
I also like the gold price just extremely well, rises above the 1,780$
What i wantto say is that we have potential. No matter in which direction it goes.Takeover quickly or further development and dismantling/mining ourselves. GL all longs
+3M gold ounces at KGP, page-242
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Mkt cap ! $115.7M | |||
| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
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| 3 | 53878 | 32.5¢ |
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| Price($) | Vol. | No. |
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