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.
Safe to say there will be no SPP this year. It's too late now.At...
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Last
0.5¢ |
Change
-0.001(16.7%) |
Mkt cap ! $35.70M | |||
| Open | High | Low | Value | Volume |
| 0.6¢ | 0.6¢ | 0.5¢ | $75.05K | 14.36M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 14 | 26974119 | 0.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.6¢ | 21561042 | 24 |
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| Last trade - 15.39pm 26/07/2024 (20 minute delay) ? |
| OAU (ASX) Chart |