AUC

3.87%

47.0¢ ausgold limited

Thanking you for sharing.Brilliant!

First 161 Last

Share
Profile

Follow
Home Builder

878 Posts.

141

06/10/24

13:28

Post #: 75997417
Share

Originally posted by beforethebounce: ↑

Barry FitzGerald has written up a piece about AUC on **** (HC will block the link so ***) .....
___________

Ausgold (ASX:AUC):

As much as the copper juniors are enjoying some love, the gold explorers/developers are receiving it by the truckload.

Makes complete sense too given the fantastic Aussie dollar gold price which is delivering what really should be seen as boom time prices, minus hedging gone bad. In an ideal world, projects like Ausgold’s 3Moz Katanning gold project in wheatbelt country in WA’s s south-west Yilgarn would (be) one of the gold operations creaming it.
But the road to first production since the project was picked up with a 400,000oz resource in 2010 has proved to have been a long one for one reason or another. But as mentioned here on June 7, the arrival of John Dorward as executive chairman has delivered a massive dose of momentum.
Dorward is the former president and CEO of Roxgold, a West African gold group acquired by fellow Canadian Fortuna Silver Mines in an all-scrip deal worth $US884 million in 2021.
If Dorward says Katanning is on track to become Australia’s next mid-tier gold producer with Capricorn Metals-type credentials, no one doubts that is the case.
That has been reflected in the stock edging up since June 7 from an adjusted 33c a share to 45.2c in Thursday’s market.

SCP Research reckons there is more upside to come, initiating coverage of the stock with a $1.35 price target.“Dorward brings critical development experience and the network to steer Ausgold through development and production.
’’The firm added that it too sees strong similarities between Katanning and the early days of Karlawinda, the project that has underpinned the growth in Capricorn’s market cap to $2.2 billion.“Ausgold’s Katanning project is larger and higher grade and has satellite potential in the Yilgarn versus the ‘old and cold’ Pilbara,’’ SCP said.

Expand

Thanking you for sharing.
Brilliant!

AUC Price at posting: 47.0¢ Sentiment: Buy Disclosure: Held
1 Upvote

0 Great analysis

Reply

Top Stories

ACW

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

COD

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

NTI

Neurotech knocked back by FDA as agency declares target condition not rare enough for special status

WCN

White Cliff jumps 24% on 'bonanza grade' copper rock chips at Rae project, Canada

Week 40 Wrap: China's nonsensical stimmy hype wanes (shocking!); HotCopper's picks; oil & inflation

RCE

Recce eyes Indonesia for novel anti-infective as Indo-Aus ties grow stronger

SLS

Solstice Minerals to ramp up drilling campaign at Yarri Gold Project

CKA

Cokal upgrades infrastructure for BBM ramp-up in Indonesia

BUX

Buxton projects new graphite province discovery at WA Narryer play

BCI

BCI reaches close of funding facility for salt-first part of Mardie project

First 161 Last

Add AUC (ASX) to my watchlist

(20min delay)
Last 47.0¢		Change 0.018(3.87%)		Mkt cap ! $167.4M

Open	High	Low	Value	Volume
46.0¢	47.0¢	45.0¢	$124.6K	272.8K

Buyers (Bids)

No.	Vol.	Price($)
1	4288	46.0¢

Sellers (Offers)

Price($)	Vol.	No.
47.0¢	893	1

View Market Depth

No.	Vol.	Price($)
1	4288	0.460
1	15000	0.455
6	254000	0.450
2	65000	0.445
2	45000	0.440

Price($)	Vol.	No.
0.470	893	1
0.480	66800	3
0.485	16863	2
0.495	13000	2
0.500	106933	6

Last trade - 16.10pm 04/10/2024 (20 minute delay)

AUC (ASX) Chart

Thanking you for sharing.Brilliant!

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

Neurotech knocked back by FDA as agency declares target condition not rare enough for special status

White Cliff jumps 24% on 'bonanza grade' copper rock chips at Rae project, Canada

Week 40 Wrap: China's nonsensical stimmy hype wanes (shocking!); HotCopper's picks; oil & inflation

Recce eyes Indonesia for novel anti-infective as Indo-Aus ties grow stronger

Solstice Minerals to ramp up drilling campaign at Yarri Gold Project

Cokal upgrades infrastructure for BBM ramp-up in Indonesia

Buxton projects new graphite province discovery at WA Narryer play

BCI reaches close of funding facility for salt-first part of Mardie project

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Thanking you for sharing.Brilliant!

Top Stories

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

Neurotech knocked back by FDA as agency declares target condition not rare enough for special status

White Cliff jumps 24% on 'bonanza grade' copper rock chips at Rae project, Canada

Week 40 Wrap: China's nonsensical stimmy hype wanes (shocking!); HotCopper's picks; oil & inflation

Recce eyes Indonesia for novel anti-infective as Indo-Aus ties grow stronger

Solstice Minerals to ramp up drilling campaign at Yarri Gold Project

Cokal upgrades infrastructure for BBM ramp-up in Indonesia

Buxton projects new graphite province discovery at WA Narryer play

BCI reaches close of funding facility for salt-first part of Mardie project

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News