AUC 2.02% 50.5¢ ausgold limited

Ann: June 2024 Quarterly Report and Appendix 5B, page-35

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  1. 12,072 Posts.
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    I am sure the boys will have fun at Beaver Creek. It sure beats being up shit creek which is how I feel after this latest delay and timeline blow out!!

    It has been a rough long-term hold, this one. At least if I sold now I would walk away for a decent approx. 3x profit, but I am sure most people in here are deep in the red - basically anyone who has purchased in the last 3 years. I would have thought we would have seen at least 10c after all these years of advancing the project, especially during this generational gold boom. That would have meant I would have been able to walk away with a 10x profit, but the market has had other plans. A few own goals by management along the way, delays and constant selling by the big players has meant this has never really moved and re-rated as the gold ounces and deposit increased - in an ever-positive gold market.

    Hoping for a miracle now, with these additional shares from the placement, I am sure they have further plans to drag it more into the red and spook more retail into selling!
    Last edited by coto: 01/08/24
 
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