AUC 2.78% 3.5¢ ausgold limited

A valid observation, still sellers at these levels. However Imo...

  1. 11,192 Posts.
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    A valid observation, still sellers at these levels. However Imo next week is likely the final week of this increased selling at such low levels. Final week of the financial year and plenty are likely still taking the tax loss on this one, especially with property rental incomes so high. They need to be offset somehow.

    It is likely any negative news is now behind us. Raise is done, initial properties are now locked in. Plus we have the mining lease journey commencing which can take 6 months plus to be granted itself, so nice to get that paper trail initiated. Once the mining lease is granted then the development related work and major finance etc really heats up!

    DFS in the next 2 months and regional drilling updates at KGP which could translate to additional satellite deposits to feed the overall resource. Exciting times that is for sure! Just need the big buyers to arrive now! Kill the drip feeding sell line off for good. Major players and institutions will start arriving post DFS. It is a numbers game after all! Can only expect positive numbers in this Gold environment too!
 
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Last
3.5¢
Change
-0.001(2.78%)
Mkt cap ! $96.67M
Open High Low Value Volume
3.5¢ 3.7¢ 3.5¢ $288.5K 8.149M

Buyers (Bids)

No. Vol. Price($)
14 2148526 3.4¢
 

Sellers (Offers)

Price($) Vol. No.
3.5¢ 396293 1
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Last trade - 16.10pm 26/06/2024 (20 minute delay) ?
AUC (ASX) Chart
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