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1.4¢ aston minerals limited

Ann: TRANSFORMATIONAL ACQUISITION OF MAROON GOLD PTY LTD, page-86

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Debohon

618 Posts.

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24/12/19

12:05

Post #: 42117125
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Originally posted by Rov: ↑

I am struggling to see how the Mojo share price will move up any time soon. EUC has allocated basically all its remaining cash to feeding Maroon/Mojo next year. So there will need to be capital raises of course next year and there will be a more than doubling of issued capital if Mojo is approved. Any Star Power lent by TK and rumours of gold price hikes may provide speculative hope. If a Big Crash comes next year as some predict the usual flight into Gold might provide upside but wouldn’t the flight be into established golf companies and not early walkers like Mojo would be?

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Yep - only the producers will get SP action with the explorers merely plodding along ...

But, if the tolling operations can generate positive cashflow (which I understands drives this deal with Maroon) whilst identified ore mined on our paddock(s) then maybe under a Buy-Back share arrangement paid for out of production may work as it has with a lot of others ...
ASX does not need yet another gold explorer ...

In so saying, I thought the better way was sticking with Co/Cu/ Ag complexes on existing locations in Europe is the go - need an industry financial partner/ end user etc.

EUC Price at posting: 1.7¢ Sentiment: Hold Disclosure: Held
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Last 1.4¢		Change 0.001(7.69%)		Mkt cap ! $18.13M

Open	High	Low	Value	Volume
1.4¢	1.4¢	1.3¢	$2.517K	193.5K

Buyers (Bids)

No.	Vol.	Price($)
1	37146	1.3¢

Sellers (Offers)

Price($)	Vol.	No.
1.4¢	1085702	5

View Market Depth

No.	Vol.	Price($)
1	37146	0.013
3	1325000	0.012
7	2208737	0.011
6	2800000	0.010
8	1749993	0.009

Price($)	Vol.	No.
0.014	1085702	5
0.015	2222261	9
0.016	1649788	3
0.017	442238	2
0.018	281235	2

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