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.
They are building up inventories for possible buy out by gold...
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Last
72.5¢ |
Change
-0.005(0.68%) |
Mkt cap ! $358.1M | |||
| Open | High | Low | Value | Volume |
| 73.0¢ | 75.0¢ | 72.0¢ | $387.2K | 527.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 19690 | 72.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 73.0¢ | 110969 | 5 |
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| Last trade - 15.13pm 28/06/2024 (20 minute delay) ? |
| FFM (ASX) Chart |