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2.0¢ austral gold limited

Ann: Corporate Presentation - Strategy Update, page-4

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Doughboys

150 Posts.

23

01/06/21

21:48

Post #: 53576864
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Originally posted by edshann: ↑

I attended the Sydney AGM. The only non-Director shareholder to do so. They want to prove up 5 years reserves/resources at Casposo before reopening. The main thing about the dividend target is that they are aiming at regular payments which was unclear previously. I assume the 3% target relates to the current share price, so a conservative 0.5 cps pa. They have ramped up exploration spending and that limits dividends. The main news is the ramping up of exploration, with the aim of expanding production at Guanaco and reopening Casposo, if enough reserves can be found. We have the cash flow, we must now hope the exploration results confirm the ambitions. Shares are cheap and mine is well placed on the cost curve.

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thanks for providing that boots on the ground information edshann!

AGD Price at posting: 18.0¢ Sentiment: Buy Disclosure: Held
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Last 2.0¢		Change 0.000(0.00%)		Mkt cap ! $12.24M

Open	High	Low	Value	Volume
2.0¢	2.0¢	2.0¢	$600	30K

Buyers (Bids)

No.	Vol.	Price($)
1	30345	2.0¢

Sellers (Offers)

Price($)	Vol.	No.
2.5¢	206677	1

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No.	Vol.	Price($)
1	30345	0.020
1	45169	0.019
3	311110	0.018
2	326530	0.017
2	1023407	0.015

Price($)	Vol.	No.
0.025	206677	1
0.028	8111	1
0.030	5000	1
0.032	55913	1
0.036	237471	2

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