OAU 16.7% 0.5¢ ora gold limited

Safe to say there will be no SPP this year. It's too late now.At...

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    Safe to say there will be no SPP this year. It's too late now.

    At 30 Sept we had $168k cash and equivalents, plus $750k remaining on the loan, which totals $918m. OAU have been running a tight ship, but probably only a few hundred thousand remaining by end 2019.


    The results of the Govt Well are important. There were no big pre-assay results, so we're waiting on the lab. If there's a lot of gold in the northern conductor - that could be a good assay surprise, but at the moment broad areas of low/moderate concentrations of base metal mineralisation would be a good result.

    Anything can happen, but it looks like we'll be chipping in in early 2020.


 
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