AUC 0.00% 3.4¢ ausgold limited

Ann: Financial Report for the half year ended 31 December 2023, page-7

  1. 11,327 Posts.
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    Crazy aud gold prices right now! Crazy we are still hanging around these lows, it’s likely someone has their hand in the cookie jar for a potential 10M raise to pay for these properties by early April. The capping is continuing to help them get involved in a raise as low as possible. Hopefully management are thinking in shareholders best interests to avoid dilution. I would prefer a loan to pay for the properties then raise in the next 6-12 months when the share price improves and liquidity has moved to gold juniors. Then pay the loan back as soon as the raise is complete.
 
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