The way things have gone with the company one thing that is clear is that there have been expectations but such have been delayed. One can argue the reasons of such either way but obviously the current CR is something that is unfortunately a testament to that but obviously needed so as to further progress - the pricing is sadly rather low.
An announcement has indicated that the start to construction of the mine is scheduled for Feb 24 and planned to be commissioned mid July 25. That's what has been stated thus expected but whether there may yet be further delays. If that time frame has shifted then it's pushed out further again and then it's doubtful that commissioning will be as stated. Further delays would not be unique to AAU but does dent market confidence further.
Bear in mind also that Brian is supposed to step down by year's end - whether that will have any impact on proceedings is also yet to be seen.
Meanwhile hope AAU can release an announcement soon with a confirmation of a sizeable payout from the court case - hopefully this side of Christmas - that would boost bank balances and should also boost share price - both would be very welcome. Time is ticking. AIMO
Ann: 30% Increase in Mineral Resources, page-19
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Last
0.3¢ |
Change
-0.001(25.0%) |
Mkt cap ! $2.989M | |||
| Open | High | Low | Value | Volume |
| 0.4¢ | 0.4¢ | 0.3¢ | $3.51K | 1.003M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 44 | 47773044 | 0.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.4¢ | 15589614 | 17 |
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| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| AAU (ASX) Chart |