They are building up inventories for possible buy out by gold producers who also has interest on the same location. With gold price forecast to be around $2300 plus in the coming year and possible inferred resources of over 3 million oz, I think this is their strategy at this stage, The buy out would only need to be for a majority interest, so AUT would still benefit after the first gold oz is produced.
Ann: Significant regional discovery with hit of 5.5m @ 18g/t gold, page-17
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Last
82.0¢ |
Change
-0.010(1.20%) |
Mkt cap ! $394.1M | |||
| Open | High | Low | Value | Volume |
| 82.0¢ | 82.5¢ | 79.5¢ | $736.6K | 912.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 7495 | 80.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 82.0¢ | 4401 | 1 |
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| Last trade - 16.10pm 15/07/2024 (20 minute delay) ? |
| FFM (ASX) Chart |