Micro don't forget the recent MDI sale / purchase at 3.6c essentially looks like an arbitrage opportunity based around your point.
Once the oppies gone and overhang is out of the way, likely to see this start to get some solid gains.
The ownership structure has majors including management owing a heap of shares which doesn't leave much out there on market to purchase.
Gold isn't showing any signs of weakness and as the bigger producers increase their cash reserves they'll be looking to increase their inventory of resource (as seen with SPR / RMS) etc.
The region is ripe for consolidation and that's clearly already begun, it's a matter of value now and how much upside we will see if management are smart in their execution.
Be interesting to see what results come out of the iron ore too, 67% is pretty good grade as a bonus!
AUN Price at posting:
4.1¢ Sentiment: Buy Disclosure: Held
