AUC 12.1% 37.0¢ ausgold limited

Ann: DFS on 3.04Moz KGP on track for delivery next quarter, page-533

  1. 11,621 Posts.
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    What a waste of time this entity is undertaking by capping the price if they do want a cheap takeover. It is highly likely they will get smacked out of the park by a larger entity if push comes to shove. Trying their best to keep the price low on pips for months on end now, yet at today's gold prices, no major company wanting a 3moz gold resource is going to let an opportunistic bid take place any lower than 20c imo. Not many left in Australia so it will go for a decent premium IMO.
 
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