AUC 6.45% 43.5¢ ausgold limited

Ann: Ausgold raises $38M to accelerate development of the KGP, page-26

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  1. 304 Posts.
    lightbulb Created with Sketch. 40
    Shares on issue has increased by 52%, while the project's future earnings has not changed. So future earnings per share is now 52% lower. In my view this is a massive dilution.

    Consolidation does nothing - number of shares on issue goes down while the share price goes up in the same proportion.


 
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