I find myself facing a similar scenario to when I originally bought into Auric.
The waiting on Jeffries Find approvals was such shares were drifting for less than their latest funding round.
Mark English was buying what he could after each announcement when he had a window to do so without conflict.
From memory he was in for around 5.6c a share.
When he stopped the share price would drop as low as 4.2c from memory when I started accumulating at a 20% discount to what he paid with a directors confidence in the future outcome of Auric.
There are two ironies here.
Auric will have generated around 7.6c in clear profits a share once the last ore is processed,not bad for less than 2yrs later.
Auric is now in the same position awaiting approvals,but now with MUNDA.
We all know what's going to happen.
We know Munda is 10x bigger
We know we get twice the benefit with not having a mining partner.
I call that near 20x on what we achieved with just Jeffries Find.
Even with little dilution the share price is nowhere near 20x what it was a bargain back then with Gold at around $3k
It currently sits at 6.5x what was my bargain entry with Gold margins $2k higher.
New Tenements,mill site and a repeat/next mine Jeffries Find "Lindsay's" with an estimated 18koz to go,thrown in just an extra bonus gift.
$2k margin or thereabouts just on Lindsays could produce $36m CASH plus compared to our market cap as well within a year,if all goes well.
DYOR +DYODD Gold is in for INTERNATIONAL GOVT Treasury holdings and holding US$ debt is a pariah.
What happens to the price of Gold when Russia stops selling it's Gold stocks down in Africa for US$ cash as reportedly it has been,since it's run out of accessible US$ to trade?
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Last
18.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $33.47M |
Open | High | Low | Value | Volume |
18.5¢ | 18.5¢ | 18.0¢ | $78.87K | 436.3K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 85244 | 18.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
18.5¢ | 79269 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 85244 | 0.180 |
2 | 3573 | 0.175 |
3 | 212628 | 0.170 |
3 | 25152 | 0.165 |
6 | 265830 | 0.160 |
Price($) | Vol. | No. |
---|---|---|
0.185 | 79269 | 1 |
0.190 | 30000 | 1 |
0.195 | 190246 | 4 |
0.200 | 297500 | 4 |
0.205 | 180000 | 2 |
Last trade - 16.10pm 17/06/2025 (20 minute delay) ? |
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REDCASTLE RESOURCES LIMITED
Ronald Miller, Non-Executive Director
Ronald Miller
Non-Executive Director
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