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3.57% 13.5¢ pacgold limited

Ann: AUSDRILL BACKS PRIMARY GOLD VIA DRILLING FOR EQUITY PROGRAM,ASL-PGO.AX, page-3

  1. hawkington
    28 Posts.
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    02/08/16
    12:57
    Post #: 18425141
    What I also like is that it aligns incentives on cost, efficiency and quality between management and ausdrill. I'm happy to conserve cash at this stage.

    I do wonder if this opens us up to downward manipulation near the invoice dates (so that ausdrill would get more shares). Has anyone seen this in action before or does the 30 day vwap largely negate this? Plus side would be further buying opportunities!
    PGO Price at posting: 13.5¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
    Stroke 3 Created with Sketch. Comments Created with Sketch. Reply

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