In Emerging Growth Conference video on May 30th, our MD suggested a gold asset sell price of $US20m - since then gold spot price has appreciated by 6% - making the increased $Aud equivalent of approx $Aud 31.6m.
In his NWR video of Jul 29th he advised that;
- Late August he was expecting prospective buyers to physically visit the gold asset - He wanted a deal by the end of September - Aiming at settlement in October / November 2024
That being said, we should see some form of announcements / updates very soon?
Either way, a full sale, or partial sale and ongoing royalty would be very positive outcome....
ASO Price at posting:
1.4¢ Sentiment: Buy Disclosure: Held
