I fail to see what direction this company is heading anymore. Is it a Gold or Realestate company?
No drilling this season so no updates/upgrades or results imminent. What money they do have is dwindling away in wages (I believe there is staff/contractors everywhere on site still) and road trips around the country talking up a big game cost $$$. Surely they could be doing something productive while the DFS & farm purchase is happening. Is drilling for more gold that expensive in the scheme of things?
DFS looks to be delayed further due to lack of money and production on the ground.
Anyone looking to take this over must be rubbing their hands together as it's getting cheaper by the week. Let's hope it's someone with "can-do" attitude as I can't see AusGold getting this off the ground anytime in the future.
Imagine having 3moz and not being able to do anything!
*just my opinion and only a small holder.
Ann: Financial Report for the half year ended 31 December 2023, page-10
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