AAM 2.33% 4.4¢ aumega metals ltd

Ann: Placement raises $8.7 million, page-53

  1. 6,156 Posts.
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    Thanks Phil.

    I watched it live and rewatched after you posted it again.

    A few nuggets Ian mentioned were:

    1. Additional independent director joining to strengthen company within weeks.
    2. 120km strike untested with only 15km tested for 840kozs. He sees more potential with MZZ than GOR, that is a big comment to make.
    3. Target is 840koz to 1moz+ this drill season, means resource 1.4-1.5moz.
    4. Continuing studies and permitting.

    All in all, very positive. Remains extremely undervalued. 1+ incoming.

    Marathon and Matador following each other to the upside.

    Marathon since C-19 lows is up 150% whilst Matador is up 300%.



    https://hotcopper.com.au/data/attachments/2311/2311795-b3265bec5771fd191dc1826607d518ef.jpg

 
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