AUC 1.49% 3.4¢ ausgold limited

Ann: Ausgold moves to a Larger 5Mtpa Gold Operation at KGP, page-38

  1. 11,309 Posts.
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    It’s clear the gold price has no effect on this stock so even if gold falls to $1700usd I doubt we will see much more of a drop. It wasn’t long ago we had huge records of $2060usd gold and we were at mid 5c lol.

    Imo it’s the economic fear, poor performing asx, increasing cost of living pressures and tax sell time all accumulating to cause the drop we are seeing. If you can get in at low 4c or high 3c you will be laughing in the future imo.

 
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