AUC 2.78% 3.5¢ ausgold limited

Ann: Financial Report for the half year ended 31 December 2023, page-17

  1. 216 Posts.
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    Lying? I'm only inferring that I expect it to be delayed, and I'll probably be proven wrong. When is the DFS due? When was it due when it was first announced? Is it already delayed?

    My concern is the way they are spending. Do we need to buy both farms now when we aren't even getting the most important farm?

    Last report/presentation from February states 17,000 odd meters drilled for another 400,000oz since 2022 which it seems was last summer/season. I don't know what drilling costs are but I expect it's small change in the scheme of things when you can prove up more ounces like they say they have. Wouldn't another say $1mil spent on exploration finding more Oz be more beneficial to everyone while this other stuff is going on to keep the cogs turning? Be nice to slip in another 300-400,000oz into the DFS later this year IMO.

    Let's be honest here, no one's rushing in to lend them the money even with gold at record prices and you have to ask why.
 
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