To avoid another capital raising AAU needs some income from somewhere before its existing cash gets too low. Some possibilities are:
a. Damages claim gets settled,
b. Something causes the share price to rise above the options exercise price. Some contributors might be:
(1) Good progress announced -> Offtake agreements, exploration start, good drilling results.
(2) New investor interest, mainly from overseas.
c. Mine financing obtained.
d. Bonds or convertible notes issued.
e. Assets including plant, equipment or tenements sold.
Anything else? Each has some (minute to decent) chance of happening, so the question is are the chances high enough that enough of them will happen before the cash gets too low? I'd say better than even.
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0.4¢ |
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Mkt cap ! $5.845M |
Open | High | Low | Value | Volume |
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No. | Vol. | Price($) |
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54 | 53328637 | 0.3¢ |
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Price($) | Vol. | No. |
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0.4¢ | 24905065 | 25 |
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50 | 51252100 | 0.003 |
18 | 17725536 | 0.002 |
15 | 28617950 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.004 | 24905065 | 25 |
0.005 | 7105656 | 7 |
0.006 | 2754686 | 7 |
0.007 | 4906213 | 4 |
0.008 | 2850000 | 3 |
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