Yes, there is risk.
AAU and its partners have done quite a lot of work: rehabititaion, maintenance, exploration, drilling, studies, presentations, contract negotiations and capital raising in recent years. These are generally necessary prerequistes for the next steps ie. DFS, finance, construction, production etc, so although late, it will come, I expect. AAU had to contend with the delaying effects of COVID, war with Russia, new environmental regulations in China, a long arbitration and US sanctions against Cuba. Despite all this, things are still progressing, but early shareholders are heavily diluted.
I am not 100% confident, just confident enough to not sell down too much.
Yes, there is risk.AAU and its partners have done quite a lot of...
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Last
0.3¢ |
Change
-0.001(25.0%) |
Mkt cap ! $2.99M | |||
| Open | High | Low | Value | Volume |
| 0.4¢ | 0.4¢ | 0.3¢ | $5.734K | 1.491M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 50 | 67252335 | 0.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.4¢ | 12024801 | 14 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| AAU (ASX) Chart |