Perhaps there may be some frustrated holders from years ago putting some sell pressure that is keeping the SP down, you can monitor the Top 20 shareholder movements, the company provides updates every now and then on their website. Or alternatively, contact the company and request it directly, they may charge you like a $30 fee.
IMO, the market is severely undervaluing the prospect. The company is fairly advanced in their exploration campaign. They are now strategically working on the various elements from the scoping study which they could improve on. That is to increase the reserves and grades within the central zone, ultimately leading to a higher production output within the first 5 years. A more extensive Met Testing program and increasing the overall resource.
All this will contribute positively to the feasibility study and progress the development to a point where a decision to mine will be made or will be open to selling it. We are, afterall, located in the mighty Yilgarn, surrounded by some of the heavy hitters with a significant ground holding.
I've been consistent with my sentiment that AUC is a great long term prospect, however, there are no short term gains to be made here and they are most definitely not a traders stock. So, IMO, just park what you can afford and trust that they will get valued fairly in the longer term.
AUC Price at posting:
4.0¢ Sentiment: Buy Disclosure: Held
