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0.5¢ ora gold limited

Ann: Crown Prince Delivers Further Outstanding High Grades, page-80

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telamelo

10,843 Posts.

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19/05/23

23:17

Post #: 67874037
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Originally posted by boppy: ↑

Thank you for posting this benwex2. It is good to confirm why people are selling, and who is buying. 003 is a good buy price, with good leverage, and Canaccord are happy to get their fees and potential upside on the options.

"I wonder if OAU management had any clue this would happen when they engage Canaccord for the raise?"
OAU were well aware. They have been in the business for a long time. $5m covered as part of the raise was from a Director funding operations from his own pocket to avoid the dilution of going to a financier. Regrettably, operations did not garner support from shareholders and OAU had no option other than going to the broader market. I believe the directors did their very best to avoid dilution.

So, here we are now, diluted to blazes but refinanced. If the price is 'capped for a while yet' - that's OK with me I am buying.

We are looking good in my opinion for near-term news on lode repeats of the historical rich Crown Prince mine.

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Happy to add more here @ 0.003c as it seems like good value, risk/reward potential imo

OAU Price at posting: 0.3¢ Sentiment: Buy Disclosure: Held
5 Upvote

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(20min delay)
Last 0.5¢		Change 0.000(0.00%)		Mkt cap ! $35.70M

Open	High	Low	Value	Volume
0.5¢	0.5¢	0.5¢	$3K	600K

Buyers (Bids)

No.	Vol.	Price($)
21	23251706	0.5¢

Sellers (Offers)

Price($)	Vol.	No.
0.6¢	26046345	24

View Market Depth

No.	Vol.	Price($)
21	23251706	0.005
30	23563147	0.004
12	14806666	0.003
9	6945398	0.002
9	47792033	0.001

Price($)	Vol.	No.
0.006	25646347	22
0.007	12476542	13
0.008	12236005	7
0.009	16516872	5
0.010	6245705	8

Last trade - 10.09am 11/07/2024 (20 minute delay)

OAU (ASX) Chart