They are building up inventories for possible buy out by gold producers who also has interest on the same location. With gold price forecast to be around $2300 plus in the coming year and possible inferred resources of over 3 million oz, I think this is their strategy at this stage, The buy out would only need to be for a majority interest, so AUT would still benefit after the first gold oz is produced.
Ann: Significant regional discovery with hit of 5.5m @ 18g/t gold, page-17
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Last
74.5¢ |
Change
-0.030(3.87%) |
Mkt cap ! $358.1M | |||
| Open | High | Low | Value | Volume |
| 77.5¢ | 79.8¢ | 74.5¢ | $794.5K | 1.021M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 9499 | 74.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 78.0¢ | 98931 | 3 |
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| Last trade - 16.10pm 14/08/2024 (20 minute delay) ? |
| FFM (ASX) Chart |