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0.8¢ ora gold limited

Garden Gully - Stranded Asset, page-2

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Petros70

234 Posts.

13

10/05/24

12:43

Post #: 73762702
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Originally posted by Farmdownsouth: ↑

A trading halt must be close based on the 0.005 buyers taken out.

Garden Gully ounces (240koz) are insufficient to justify the capital for a stand alone plant. In the absence of a toll treatment deal it is a stranded asset. Either raise sufficient funds to conduct a deep drilling campaign to intersect pay dirt at 600 to 800m OR do a deal. For example, why not do a deal with Monument Mining? They have a gold plant on care and maintenance which is also a stranded asset because the Burnakura resource (293koz) is apparently too low in grade (circa 2.4 g/t) to be profitable. If not toll treatment then what about an acquisition (of either Burnakura by OAU or Garden Gully by Monument) or a merger? Come on Alex, stop spinning your wheels. As an investor I sold out because your not available to take calls.

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This 'pig with lipstick' has been teasing us long-term hopers with tales of untold potential and in-ground riches for circa twenty-four years-
it's a dud! In short, zero income -after dozens of "massive finds"- to speak of which essentially tells-all! Avoid

OAU Price at posting: 0.5¢ Sentiment: Sell Disclosure: Held
3 Upvote

0 Great analysis

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Last 0.8¢		Change 0.000(0.00%)		Mkt cap ! $57.19M

Open	High	Low	Value	Volume
0.8¢	0.9¢	0.8¢	$365.0K	45.36M

Buyers (Bids)

No.	Vol.	Price($)
4	15077150	0.8¢

Sellers (Offers)

Price($)	Vol.	No.
0.9¢	17703796	17

View Market Depth

No.	Vol.	Price($)
4	15077150	0.008
12	13465285	0.007
13	50233832	0.006
11	5799200	0.005
4	3329951	0.004

Price($)	Vol.	No.
0.009	17703796	17
0.010	16335616	14
0.011	12991721	7
0.012	10814224	6
0.013	30000000	1

Last trade - 16.10pm 18/10/2024 (20 minute delay)

OAU (ASX) Chart