Ann: Non Renounceable Entitlement Offer, page-159

First 159 Last

Share
Profile

Follow
1956

3,434 Posts.

412

02/07/24

12:37

Post #: 74565653
Share

Originally posted by capriccioso: ↑

I thought something similar what you said@7seven7 , before the latest capital raising. However, what swayed me is the 'dead aunts' that have been happening for quite a while now, ever since LD was supposed to produce a 'clean concentrate', first said some years ago. We've also heard a few times, that non-diluting methods of raising capital were going to be used among and, among other things, lots of money coming from the arbitration. Given the pattern, I have to anticipate that a future dead aunt will be that equipment and arbitration income will be consumed by Las Lagunus project closure costs and 'admin' expenses. Or maybe that a key potential investor has pulled out.

Given that the JV hasn't already sold part of LD or any of the other concessions, even though gold and copper prices are relatively high, I have to conclude that potential buyers doing due diligence have found that the various concessions are just not economic enough, or that Cuba, under the influence of US sanctions is just too risky. That doesn't look like it will change any time soon, so I don't hold out much hope that the sale of assets is going to return much.

If AAU survives, it's share price should go lower before it goes higher. I feel I have time to wait and see what happens before I think about re-investing.

Expand

how much were the assests? To raise in a sale?

AAU Price at posting: 0.4¢ Sentiment: None Disclosure: Held
Upvote

0 Great analysis

Reply

Top Stories

AS1

Asara Resources sells off Burkina Faso assets to pivot into Guinea – for US$13M less than last time it tried

Week 28 Wrap: ASX hits all time high; CBA shares' two realities; US inflation hits 3% ahead of China plenum

Bitcoin investors need to know the risks

RCE

Recce scores US$2M deal from US Department of Defense for burn wound infections gel

I88

Infini soars 50% as company reveals it could’ve just made uranium history – redefining what it means to be “high grade”

There are more pages in this discussion • 3 more messages in this thread...

First 159 Last

Add AAU (ASX) to my watchlist

(20min delay)
Last 0.4¢		Change 0.001(14.3%)		Mkt cap ! $3.986M

Open	High	Low	Value	Volume
0.4¢	0.4¢	0.4¢	$500	125K

Buyers (Bids)

No.	Vol.	Price($)
50	44429304	0.3¢

Sellers (Offers)

Price($)	Vol.	No.
0.4¢	18436390	19

View Market Depth

No.	Vol.	Price($)
50	44429304	0.003
17	15525536	0.002
15	24617950	0.001
0	0	0.000
0	0	0.000

Price($)	Vol.	No.
0.004	18436390	19
0.005	9248993	9
0.006	1758026	4
0.007	2906213	3
0.008	3277307	3

Last trade - 09.59am 15/07/2024 (20 minute delay)

AAU (ASX) Chart

Ann: Non Renounceable Entitlement Offer, page-159

Asara Resources sells off Burkina Faso assets to pivot into Guinea – for US$13M less than last time it tried

Week 28 Wrap: ASX hits all time high; CBA shares' two realities; US inflation hits 3% ahead of China plenum

Bitcoin investors need to know the risks

Recce scores US$2M deal from US Department of Defense for burn wound infections gel

Infini soars 50% as company reveals it could’ve just made uranium history – redefining what it means to be “high grade”

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Ann: Non Renounceable Entitlement Offer, page-159

Top Stories

Asara Resources sells off Burkina Faso assets to pivot into Guinea – for US$13M less than last time it tried

Week 28 Wrap: ASX hits all time high; CBA shares' two realities; US inflation hits 3% ahead of China plenum

Bitcoin investors need to know the risks

Recce scores US$2M deal from US Department of Defense for burn wound infections gel

Infini soars 50% as company reveals it could’ve just made uranium history – redefining what it means to be “high grade”

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News