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55.5¢ ausgold limited

Ann: Drilling Commences Targeting High-Grade Gold Potential, page-63

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unlucky_bacs

6,411 Posts.

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28/05/24

10:04

Post #: 74038792
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Originally posted by goldteef: ↑

Like i said before, i hope we can sneak past the eyes of others and get it to production. I happend to see the announcement and while positive its not a license to take the mine to development.

A takeover offer can land at any minute which will go to shareholders to vote on, you watch how fast the 50.1% of holders rack up for a quick penny. In fact ask yourself if you could double or triple your money next month and potentially own shares in a company also focused on expiditing development of katanning would you say no? Not to mention the impatient and disgruntled holders in these forums alone will be signing the dotted line in record timing. See Perseus/Orecorp thread for a recent example of a well peforming BOD handing over their project in a hurry.

The entire industry is consolidating and M&A activity going on everywhere with companys chasing these increasingly rare size/scale open pits.

Your valuation of '100s of billions' is wild and misleading. I suggest you run your numbers again.

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I would take a takeover off in a heart beat. Capricorn and EMR would be the 2 that would most likely be able to make our grades work and have the funds unless you see any others?
See what happens.

AUC Price at posting: 3.8¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 55.5¢		Change -0.015(2.63%)		Mkt cap ! $197.7M

Open	High	Low	Value	Volume
57.0¢	57.5¢	55.5¢	$487.4K	865.0K

Buyers (Bids)

No.	Vol.	Price($)
3	27957	55.5¢

Sellers (Offers)

Price($)	Vol.	No.
57.0¢	4628	1

View Market Depth

No.	Vol.	Price($)
3	27957	0.555
11	118779	0.550
3	65158	0.545
6	46228	0.540
3	20241	0.535

Price($)	Vol.	No.
0.570	4628	1
0.575	4628	1
0.590	25000	2
0.600	27938	1
0.610	33043	1

Last trade - 16.10pm 31/10/2024 (20 minute delay)

AUC (ASX) Chart