"last roll of the dice" sounds a bit final. As gruba points out the company has value and potential - just needs cash. Same ol story of many an explorer. As things stand, I think OAU still has backers.
Reviewing the announcement i'm thinking OAU have been busy. Not sure about mining Lydia and CP at this stage, but VMS and Abbott pit are interesting.
There are still options, always options, not least the Andy Well play from a while back.
The estimated cash outflow of $350k is very modest (to say the least), designed to match the cash on hand no doubt. Yet there's still no mention of a possible CR?
At the end of the day, the company doesn't run on air.
Phil put in $1m but I can't remember when shareholders last topped up the company - was it 2017?
Consider:
3000 shareholders * $1000 govt tax handback = $3,000,000
For the moment, we await the assays and see what Mr Bruce and the team can make of them.
Ann: Third Quarter Activities & Cashflow Report, page-4
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Last
0.6¢ |
Change
0.001(20.0%) |
Mkt cap ! $42.84M | |||
| Open | High | Low | Value | Volume |
| 0.6¢ | 0.6¢ | 0.6¢ | $508 | 84.62K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 15 | 28983864 | 0.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.6¢ | 27565912 | 30 |
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| Last trade - 10.06am 29/07/2024 (20 minute delay) ? |
| OAU (ASX) Chart |