short term trading week beginning - 1st oct, page-49

  1. 10,691 Posts.
    lightbulb Created with Sketch. 627
    AUZ - is also getting pretty interesting

    Ben Bell (Ausgold's Katanning discovery) is the buy-in MD leading new direction - Nigerian gold exploration
    $11m mkt cap
    +16% issue in options, mostly from 4c
    est $2.6m cash (with another $2.5m due in Jul-13 from asset sale)
    $250-350k qtr corp opex
    $250-300k last few qtr's exploration opex (to increase next qtr (?) with drilling starting)
    Yargarma & Kasele phase1 drilling starts October
    look like good greenfield projects

 
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.