AUC 2.27% 45.0¢ ausgold limited

The raise is $35m at 3c. Paying farm off and paying out debt. We...

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 9,063 Posts.
    lightbulb Created with Sketch. 3954
    The raise is $35m at 3c. Paying farm off and paying out debt. We will have 20-25m in cash after those two things are done.

    Circa 3.4bn SOI at 3c gives it a $100m MC.

    Doing a 10 for 1 consolidation so we will have 340m SOI trading at 30c. Very much looking like a CMM style result. Not quite the team but we have improved it a lot with recent appointments.

    Major holders on aggregate raising their stake.

    3Moz trading at A$34/oz is still far too low. This will give us the funds to push through to FID. Allows us to push out a good DFS and run through while gold sentiment improves in the background.

    Destiny in our own hands finally. Should be able to push from here.
 
watchlist Created with Sketch. Add AUC (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.