AUC 0.00% 3.5¢ ausgold limited

Ann: AUC secures $3M Loan from institutional shareholders, page-2

  1. 11,008 Posts.
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    Well, it was a non-dilutive raise! Hopefully they actually drill these targets this time around because we had a few quarterlies in a row when they said they were going to drill them then never did. About time! Imagine if they hit another solid mineralised Au zone along KGP strike. It could end up being a monster and way more than 3-4moz resource.
    We still need to figure out a way to raise the $10M odd to pay the properties by early June. I am sure they are working on that now and we will hear news on this in the next couple of weeks.

    Anyway, nice to see some buyers returning and the sell side not outnumbering for once!
    Last edited by coto: 14/05/24
 
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