AUC 1.52% 3.4¢ ausgold limited

Ann: DFS on 3.04Moz KGP on track for delivery next quarter, page-672

  1. 11,292 Posts.
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    Yes, but even if you give just a conservative 20% target of your almost 50c figure then that is 10c for AUC and we are wayyyyy below that right now. Just goes to show how the market is playing this stock hard and the positive future upside to come for the share price. It is inevitable, especially in today's gold price environment. Gold resources like this do not stay in the ground and plenty of companies have their eyes on it, probably just need to do their Due Diligence on the upcoming DFS now. In the few months post DFS, we could get a few offers coming in and personally I expect a bidding war if that plays out. There are plenty of cashed up mid-large cap goldies on the ASX, and they wont be letting their peers get away with a bargain in one of the last near term 3moz gold mines in Australia. KGP will go for market price and in todays market, the figures are astronautical. People who understand this will be ignoring the share price games and loading up the truck at current prices IMO.
 
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3.4¢ 3.4¢ 3.3¢ $22.41K 669.4K

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14 2560506 3.3¢
 

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