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3.7¢ ausgold limited

Based on grade, no debt, no hedging etc. Spartan is far less of...

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Enoch

1,432 Posts.

141

23/07/24

21:00

Post #: 74881634
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Originally posted by Enoch: ↑

Yes, it is the grade, they will need financian for a mill and there is no evidence of profitability when compared to Spartan Resources and the fact that Spartan has no debt and has already paid for a Mill. As I said I hold both and have done extremely well with Spartan. If you listen to Mine of Management a while back when they were talking about Calidas's issues they mentioned, they thought it might also be the reason why it is holding DEG back. Calidis is now a mess because they had hedging in place and borrowed from Macquarie. I had a brief look at there PFS and DFS and it showed that Margins were suppose to better. Production and margins were significantly worse. As a result they were never going to meet delivery of the hedges and they were losing money as the hedging was done at a lot lower gold price. They said even at today's gold price they still would of had issues, based on production. So there is still a lot of risk in this.

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Based on grade, no debt, no hedging etc. Spartan is far less of a risk.

AUC Price at posting: 3.7¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 3.7¢		Change -0.002(5.13%)		Mkt cap ! $102.1M

Open	High	Low	Value	Volume
3.9¢	3.9¢	3.7¢	$84.91K	2.207M

Buyers (Bids)

No.	Vol.	Price($)
5	1842794	3.7¢

Sellers (Offers)

Price($)	Vol.	No.
3.8¢	712820	2

View Market Depth

No.	Vol.	Price($)
5	1842794	0.037
6	1526111	0.036
7	933571	0.035
2	527941	0.034
10	1246303	0.033

Price($)	Vol.	No.
0.038	712820	2
0.039	917665	7
0.040	100000	1
0.041	807085	2
0.042	399961	2

Last trade - 15.35pm 23/07/2024 (20 minute delay)

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