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0.6¢ ora gold limited

This OPA needs to be looked at in the context of take over...

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grubarura

11,431 Posts.

579

03/06/24

06:03

Post #: 74129077
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Originally posted by plough: ↑

You are right they are looking at an ore purchase agreement not a toll treatment agreement , too hard for me to work out what that would be though so I just based it on a toll agreement (did the spreadsheet around 4 months ago ) as from my understanding (correct me if I am wrong ) OAU has the right to refuse an agreement that it feels is unfair .

Also I had stated in the chart "an open cut down to 130 meters" I feel they will not have to go under 100 meters in depth to get close to 200k ounces , 130 meters would probably near double the strip ratio

"someone still has to stick a rocket up the ar$e of OAU because nothing & I mean nothing they do is ever done at pace. "

They seem a lot faster under Alex's guidance I feel , there was no South East Zone at Crown Prince 2 years ago , now there is around 200K ozs there at around 5 grams a tonne there with much of it in indicated . If you remember native title has been a shit show for a number of miners in the last couple of years due to the hold ups the first nation people had imposed , hwich they finally came to their senses and realised their demands were a backward step for everyone including for their own financial position.

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This OPA needs to be looked at in the context of take over defence of WGX

OAU Price at posting: 0.5¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 0.6¢		Change 0.001(9.09%)		Mkt cap ! $42.84M

Open	High	Low	Value	Volume
0.6¢	0.6¢	0.6¢	$4.699K	842.6K

Buyers (Bids)

No.	Vol.	Price($)
17	29856865	0.5¢

Sellers (Offers)

Price($)	Vol.	No.
0.6¢	35089816	32

View Market Depth

No.	Vol.	Price($)
17	29856865	0.005
19	15877148	0.004
6	4362355	0.003
7	9695398	0.002
9	48292033	0.001

Price($)	Vol.	No.
0.006	35089816	32
0.007	13639915	15
0.008	12286005	8
0.009	14256700	4
0.010	6512045	10

Last trade - 14.11pm 05/08/2024 (20 minute delay)

OAU (ASX) Chart