Ann: Drilling Commences Targeting High-Grade Gold Potential, page-16

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Silvgolcoholic

5,689 Posts.

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23/05/24

18:48

Post #: 73981624
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Originally posted by coto: ↑

Haha, I have not held this patiently for around 5 years for a 2-5x return on a near term takeover. I am holding this until mining and hopefully future dividends. No way do I want a sale anytime soon. The recent announcement about the management structural change has them 100% focused on production themselves so that has increased my confidence enormously since this news broke.

In relation to this drilling, it is only a 1100m drilling campaign so it definitely won't break the bank. However it could result in a nearby satellite deposit. It wont add to the 3.04Moz KGP resource because its more than 40km away. What it could do, is create a cheap, shallow gold deposit nearby which could be linked to KGP operations and add in further ounces. This approx. 500k spent on drilling could definitely add to the economics of KGP, especially at current AUD gold prices.

At the end of the day, we can't really complain, at least work is getting done and they are adding to the business fundamentals.

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me neither , waiting for a 10 x forever !
Short and Hard spike 20cents t/o whatever a 14 bag for me , and all good . Money into next 5-10 x'er . Rinse and repeat ( but a lot faster then with Auc , and definitely not on ASX !!)
Better then any dividends in the future after share consolidations and 200$ a year Loooool !!!

AUC Price at posting: 3.7¢ Sentiment: Hold Disclosure: Held
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