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5.71%

3.7¢ ausgold limited

You do realise they only just put out an updated resource and...

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drpinks

252 Posts.

55

06/06/21

15:04

Post #: 53676957
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Originally posted by DBently: ↑

I'm thinking the next AUC report released will be a substantial resource upgrade. They have sent in a considerable quantity drilling samples which are due out very soon (June). Either they are inline with previous estimates, which will initiate a resource upgrade, or they are even more remarkable and feature in a market sensitive announcement based on significantly higher grades. The thing about AUC is they have a huge resource area with shallow ore concentrations and close access infrastructure. Their MC is only $81m which on a comparable scale to other companies with similar resources is probably a third of what it should be worth now. The AUC story is about to get a whole lot better IMO. Not sure how much cash they have left, but a CR won't be an issue if they're re-rated anyway. Surely they will be on the radar soon for a farm-in deal or take out. Let's hope.

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You do realise they only just put out an updated resource and completed a capital raise. Keep your eyes on the ball mate.

AUC Price at posting: 5.1¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 3.7¢		Change 0.002(5.71%)		Mkt cap ! $102.1M

Open	High	Low	Value	Volume
3.6¢	3.9¢	3.6¢	$199.1K	5.404M

Buyers (Bids)

No.	Vol.	Price($)
1	13888	3.6¢

Sellers (Offers)

Price($)	Vol.	No.
3.7¢	699087	2

View Market Depth

No.	Vol.	Price($)
1	13888	0.036
5	1420000	0.035
9	982238	0.034
8	1090351	0.033
15	2209257	0.032

Price($)	Vol.	No.
0.037	699087	2
0.038	950000	3
0.039	387303	4
0.040	1647566	7
0.041	661123	6

Last trade - 16.10pm 19/06/2024 (20 minute delay)

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