What are your expectations for an initial resource statement?
Pre merger I had a look at AUE's intersects and ground and thought it might end up in a similar ballpark to MKG's resource.
But now after this $10m at 35c... not so sure. Thinking it may fall short and hence they want more money to expedite more drilling.
I guess they are having a similar issue to MKG: Most of the intersects are narrow. Would be good if they could get some widening at depth: but I guess that is the nature of these mineralization in areas.
Ann: AUE receives firm commitments for A$10 million placement, page-5
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Last
47.5¢ |
Change
-0.015(3.06%) |
Mkt cap ! $158.1M | |||
| Open | High | Low | Value | Volume |
| 49.0¢ | 49.0¢ | 47.5¢ | $173.5K | 359.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 1331960 | 47.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 48.5¢ | 46762 | 1 |
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| Last trade - 16.10pm 31/07/2025 (20 minute delay) ? |
| AUE (ASX) Chart |