AAU 14.3% 1.2¢ antilles gold limited

In my view the short term risk are pretty significant. I would...

  1. pdi
    234 Posts.
    lightbulb Created with Sketch. 29

    In my view the short term risk are pretty significant. I would not be surprised if our project was delayed by a year or two. I see similar problems with other companies with good projects: at lest on the paper. As an example, one I have mentioned before, WWI with a 4.28-million-ounce JORC mineral resource at 4.58 g/t gold and uranium project which is heavily discounted due to current market condition.

    Yes, looking at the gold price over the long time it goes up, but in the past gold always used to go up when the economy struggled and its not happening now, which make me think; if it fails to be safe heaven during the current crises it might goes down significantly when economy improves. In theory it might loose its role as very safe investment for recession.

    Hopefully the drilling from EP shows significant copper resources, otherwise we might be in a slight trouble. As you know demand for copper if high when the economy is thriving, and thats not a case now ( its predicted that there is surplus of copper until 2026) so the drilling results must be really good to attract serious investors.
 
watchlist Created with Sketch. Add AAU (ASX) to my watchlist
(20min delay)
Last
1.2¢
Change
-0.002(14.3%)
Mkt cap ! $11.29M
Open High Low Value Volume
1.3¢ 1.3¢ 1.1¢ $77.74K 6.455M

Buyers (Bids)

No. Vol. Price($)
8 3934045 1.1¢
 

Sellers (Offers)

Price($) Vol. No.
1.3¢ 200000 1
View Market Depth
Last trade - 16.10pm 03/05/2024 (20 minute delay) ?
Last
1.2¢
  Change
-0.002 ( 7.69 %)
Open High Low Volume
1.2¢ 1.2¢ 1.2¢ 4501918
Last updated 15.44pm 03/05/2024 ?
AAU (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.