AUC appears to be upgrading their resource in line with capital raising and thus any further dilution of shareholder equity
Based on a future Gold Price of USD$3000/Mt and AISC of $1750/Oz, and fully diluted shares as is, the future price of AUC could reach AUD$0.65 or 10 fold
However, it is more likely than not that future dilutions will take place as more funds are required to build a CIL plant as well as the permitting of the mine, possible mine bond increase and community engagement/ environmental reports.
All shareholders will need to be active in further capital raisings to ensure their shareholder equity is not eroded.
Another option is that AUC goes for finance first ~AUD$50M for mine build and permitting.
Then later use profits of gold production to pay back or do an SPP like Red5 recently.
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Last
39.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $138.9M |
Open | High | Low | Value | Volume |
40.0¢ | 40.0¢ | 39.0¢ | $149.2K | 380.9K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 164191 | 38.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
40.0¢ | 249719 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 164191 | 0.385 |
4 | 41860 | 0.380 |
1 | 30000 | 0.375 |
1 | 35000 | 0.370 |
2 | 39000 | 0.365 |
Price($) | Vol. | No. |
---|---|---|
0.400 | 249719 | 2 |
0.410 | 31435 | 2 |
0.415 | 2407 | 1 |
0.420 | 80000 | 1 |
0.425 | 2600 | 1 |
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