Ann: Ausgold raises $38M to accelerate development of the KGP, page-81

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unlucky_bacs

6,411 Posts.

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09/06/24

12:49

Post #: 74235978
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Originally posted by Home Builder: ↑

Hey Coto
Have been giving our timing of DFS some thought.
Based on recent announcements i feel we are now dealing with an entirely new company.
The new team are very serious and respected internationally.
The new team wouldn't be here unless they believed the reserve could be something extraordinary.
Raising $38m in the 'blink of an eye' in the current challenging market gives an insight into where this project is headed.
I feel we are at the dawn of a new Boddington type scale here and these guys are well aware of it.
Looking at 'the big picture' I personally hope they delay the DFS and absolutely smash out the drilling in the next 6 months.
A few on here will whinge and complain if the DFS is delayed - but that just shows how blinkered they are!
Bring a DFS with north of 4m quality ounces to the market and to the moon we go as not a single other explorer in Aust will come close.
I am ultra confident that a stellar DFS will have financiers lining up to fund the mine build (and in quick time)
Further drilling of our massive tenement (whilst mining) will increase LOM to 20 plus years IMO and in excess of 10m ounces.
We can and will become a 'sharemarket' darling stock and I believe the new team can take us there.
All credit to Mr Greentree for his vision, knowledge, belief and patience guiding the company through what has been very challenging times.
Hell, I have waited over 4 years for this moment so am happy to wait another year or 2.

GLTA holders especially the longs (it is our time)

Regards HB

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delayed?
not sure if serious the dfs was due Jan 24.
then 2nd q now second half of the year. I agree this new team looks much better on paper. I looked at the share price of our major holder Dundee or whatever they are called their share price return hasn’t been great last few years maybe it’s their time to shine again!

AUC Price at posting: 3.9¢ Sentiment: Hold Disclosure: Held
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