Yeah good call, surely with a confirmation of an asset value in the 100s of billions, the AUC share price can not dilute to oblivion and head to 0 and we go broke. It’s just not possible Imo, eventually the open market talks and you get fair value reflected - 20c plus.
My money is definitely on a huge reversal for the gold sector in 2024. The US government have done well until now to suppress gold prices and actively discourage their aligned large institutions from investing in gold companies, but eventually they will be outnumbered and the situation will reverse. Once the large Aussie Goldie’s start moving, the juniors will start following. Crazy to see the profits of NST and co, yet they are stuck at fairly low levels, just $13. If it was a tech stock making millions it would be $200 plus.
Ann: DFS on 3.04Moz KGP on track for delivery next quarter, page-137
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Last
40.0¢ |
Change
0.010(2.56%) |
Mkt cap ! $142.5M | |||
| Open | High | Low | Value | Volume |
| 39.0¢ | 40.0¢ | 38.5¢ | $63.97K | 162.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 23282 | 38.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 41.0¢ | 6435 | 1 |
View Market Depth
| Last trade - 16.10pm 05/09/2024 (20 minute delay) ? |
| AUC (ASX) Chart |