Yeah, a few months ago the money of mine podcast lads did mention Capricorn as the best suited company to takeover AUC.
As some have mentioned in here, if the x director has a plan, I think it’s a losing battle. Even if he’s consistently selling his shares and trying to drag down the price to a bargain bid level, he will still need serious backing from at least 3 of the largest shareholders on the register and that will be hard to do. Even if that succeeds, they would then need to hope no rival company like Capricorn doesn’t up the bid. This is inevitable, 4moz in WA gold heartland will be the talk of the town once it’s open on the takeover table. Whether it’s Capricorn or another mid to large cap company wanting to shore up future ounces, there’s no way the x directors plan of a low ball takeover will succeed. The current market won’t let it happen!
The x director would be better suited to wait for a gold downturn, but they aren’t stupid, they know that’s not happening in the current global economic situation. It’s only going to go from strength to strength. Plus time is against them, finalising the property transactions, dfs and project financing are all likely to take place in 2024 and de risks the company significantly. The share price is destined to re rate at some point!
- Forums
- ASX - By Stock
- AUC
- Top 20 Movement
Top 20 Movement, page-33
- There are more pages in this discussion • 159 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add AUC (ASX) to my watchlist
(20min delay)
|
|||||
Last
3.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $96.67M |
Open | High | Low | Value | Volume |
3.6¢ | 3.7¢ | 3.4¢ | $104.9K | 2.969M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
13 | 2265975 | 3.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.5¢ | 371903 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
13 | 2265975 | 0.034 |
5 | 809745 | 0.033 |
16 | 2279257 | 0.032 |
14 | 2174498 | 0.031 |
23 | 2618600 | 0.030 |
Price($) | Vol. | No. |
---|---|---|
0.035 | 371903 | 2 |
0.036 | 225000 | 1 |
0.037 | 119925 | 1 |
0.038 | 100000 | 1 |
0.039 | 620871 | 2 |
Last trade - 16.10pm 17/06/2024 (20 minute delay) ? |
|
|||||
Last
3.4¢ |
  |
Change
0.000 ( 0.00 %) |
|||
Open | High | Low | Volume | ||
3.6¢ | 3.6¢ | 3.4¢ | 1637758 | ||
Last updated 15.58pm 17/06/2024 ? |
Featured News
AUC (ASX) Chart |
The Watchlist
LPM
LITHIUM PLUS MINERALS LTD.
Simon Kidston, Non Executive Director
Simon Kidston
Non Executive Director
SPONSORED BY The Market Online