I would be happy for a capital raise around 10c and I think we can get to that price after next results, if they are above expectations! Lots more drilling to be funded throughout the rest of 2021 to quantify further resources, we need more cash soon!
I am actually happy results are delayed. IMO the last 2 weeks have been a bloodbath for junior resource stocks and AUC has held up relatively well. If we released anything substantial in the previous couple of weeks, then no way would we have moved up towards 10c. In the coming months, the gold price should rebound off the current base and create better market appetite in the sector. This will no doubt affect the share price positively. Good luck everyone!
AUC Price at posting:
4.7¢ Sentiment: Buy Disclosure: Held
