My simple view, having been investing in Australia, Asia and UK for 20 years is this.
You do not get 2 CEOs/MDs (AW1 and BAY) putting their name to an announcement where they declare a discovery unless they are 100% sure.
As one or two others have posted there is a difference between a discovery that satisfies Geo's and bona fide, company making discoveries.
I am invested (heavily) in an Aussie based company who have declared a porphyry discovery in the content of their announcements. However, it is very much a geological discovery so at no point has there been am ANN to the ASX declaring a discovery.
The last 3 ANNs derisked this for me. The question now is not whether this is tier 1 or tier 2. All significant information we have to hand points to the former.
AW1 General Chat, page-1012
Add AW1 (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
11.0¢ |
Change
-0.010(8.33%) |
Mkt cap ! $56.94M | |||
| Open | High | Low | Value | Volume |
| 11.5¢ | 12.0¢ | 11.0¢ | $261.2K | 2.245M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 1091871 | 11.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 11.5¢ | 55000 | 1 |
View Market Depth
| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| AW1 (ASX) Chart |